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City of London

Truss’s Tax Cut U-turn Could Still Lead to an Exit Ramp

Questions around the prime minister’s credibility linger as Liz Truss struggles to rally support from Tory party.

Liz Truss in Birmingham, on Oct. 3.

Liz Truss in Birmingham, on Oct. 3.

Photographer: Oli Scarff/AFP/Getty Images

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In this bonus episode of In the City, David Merritt and Francine Lacqua unpack the government’s humiliating reversal on its signature tax cut. Bloomberg’s Managing Editor for European Economy and Government Ben Sills joins to hammer home that this is still a prime minister who’s struggling to regain credibility, and questions about her leadership chops are not going away.