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BBG: Officials Are Working on a U-Turn for Truss’s Tax-Cut Plan

UK

In line with earlier sources comments from Sky News,Bloomberg's Kitty Donaldson reports that 'UK officials are working on a U-turn for Truss' tax-cut plan'.

  • BBG: "UK officials at No. 10 and the Treasury are discussing how they can back down from Prime Minister Liz Truss’s plans for a massive unfunded package of tax cuts, according to a person familiar with their conversations. The officials are drafting options for Truss but no final decision has been taken and they are waiting for Chancellor of the Exchequer Kwasi Kwarteng to return to London [...]"

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