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Politics

Truss May Need to Match Brutal 2010 Austerity Cuts to Calm Markets

Liz Truss, UK prime minister, departs 10 Downing Street, ahead of UK Chancellor of the Exchequer Kwasi Kwarteng presenting the UK's fiscal plans in Parliament, in London, UK, on Friday, Sept. 23, 2022. With expectations of tax cuts and sweeping deregulation, businesses are likely to be a big beneficiary ofKwarteng's mini-budget on Friday.
Liz Truss, UK prime minister, departs 10 Downing Street, ahead of UK Chancellor of the Exchequer Kwasi Kwarteng presenting the UK's fiscal plans in Parliament, in London, UK, on Friday, Sept. 23, 2022. With expectations of tax cuts and sweeping deregulation, businesses are likely to be a big beneficiary ofKwarteng's mini-budget on Friday.

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