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Weakened Truss to Try to Convince UK Tories She Can Still Deliver

  • UK’s new premier has been undermined by U-turn on key policy
  • Divisions in ruling party laid bare ahead of speech Wednesday
Bloomberg business news
WATCH: Can Truss reassure her own party? Lizzy Burden reports.Source: Bloomberg
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Liz Truss will try to get her beleaguered UK premiership back on track on Wednesday, after a bruising few days that exposed deep divisions in her ruling Conservative Party and left even members of her top team in open disagreement about what to do next.

Truss is struggling to keep control less than a month into her tenure, already forced into a humiliating U-turn over her plan to cut income tax for Britain’s highest earners, which spooked financial markets and hammered support for the Tories in opinion polls. Yet on Tuesday, tensions were still simmering and two members of her Cabinet expressed disappointment that she had backed down.