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Truss Prepares for Humiliating Reversal on UK Economic Plan

  • Embattled prime minister due to hold press conference Friday
  • Truss, Kwarteng under pressure to U-turn on unfunded tax cuts
Bloomberg business news
WATCH: “Markets will react very negatively” without a budget u-turn, says BlackRock’s Rupert Harrison.Source: Bloomberg
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Liz Truss is preparing to reverse parts of her economic strategy later on Friday following weeks of market pressure on the UK premier to explain how she’ll pay for a massive package of tax cuts.