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  • World - Europe
  • Updated: October 05, 2022

PM Liz Truss Vows To Get UK Through With Growth Plan

PM Liz Truss Vows To Get UK Through With Growth Plan

UK Prime Minister Liz Truss vowed to steer the U.K. "through the tempest" as she closed her party's tumultuous annual conference on Wednesday.

Truss in her speech said; "In these tough times, we need to step up," she told delegates, taking aim at what she said was an "anti-growth coalition" holding back attempts to revive the economy.

She added; "I'm determined to get Britain moving, to get us through the tempest and put us on a stronger footing as a nation," she added, mentioning the word "growth" 27 times during the speech.

Just a month since she succeeded Boris Johnson, Truss has alienated voters, financial markets and many in the ruling Conservative party with a crash program of debt-fueled tax cuts to boost Britain's stagnant economy.

Following Truss’ speech, Britain's pound weakened against the dollar on Wednesday, ending a six-day rally, but staying well off recent lows.

At 11:12 a.m. GMT, the pound hit a session low of $1.1346 versus the dollar, down 1.1%. Against the euro, the pound was down 0.4% at 87.410 pence per euro.

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