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Analysis

Truss's U-Turn Is Welcome, But It's Only a First Step

Kwasi Kwarteng, UK chancellor of the exchequer, left, and Liz Truss, UK prime minister, attend the Conservative Party's annual autumn conference in Birmingham, UK, on Sunday, Oct. 2, 2022. Truss acknowledged her UK government mishandled the announcement on unfunded tax cuts which triggered a week of turmoil in financial markets, while insisting her approach is the correct one.
Kwasi Kwarteng, UK chancellor of the exchequer, left, and Liz Truss, UK prime minister, attend the Conservative Party's annual autumn conference in Birmingham, UK, on Sunday, Oct. 2, 2022. Truss acknowledged her UK government mishandled the announcement on unfunded tax cuts which triggered a week of turmoil in financial markets, while insisting her approach is the correct one.

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