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Tories Demand U-Turn on Tax Cuts as Pressure Builds on Truss

  • Conservatives air concerns in subdued House of Commons session
  • Prime minister faces battle to regain credibility with markets
Bloomberg business news
UK's Truss: We Are Not Cutting Public Spending
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Liz Truss is facing calls from within her Conservative Party to backtrack on key pieces of her economic plan, even as her UK government tried to downplay its part in the recent turmoil in financial markets.

In her weekly session of Prime Minister’s Questions, Truss sought to allay concerns that she would cut public spending to pay for a massive package of tax cuts, which forms the centerpiece of her bid to overhaul the economy.