The Liz Truss Era Begins With a Bungled Tax Plan That May Cost UK Conservatives

Liz Truss presented herself as a straight talker with a clear plan; a leader who would happily make unpopular decisions—and stick by them—to grow Britain’s economy. A month into her premiership, Truss has badly stumbled on the very selling points that took her into Downing Street. An unpopular package of tax cuts has turned public opinion, perhaps leaving lasting electoral damage. And a subsequent decision to reverse the most unpopular of the proposals—tax cuts for the highest earners—has mired her economic plan in chaos. The drama started when the Truss administration announced a £45 billion package of tax cuts, which… Read Full Article