The New York TimesThe New York Times

Truss takes a bold economic gamble. Will it sink her government?

By Mark Landler

27 Sep 2022 · 6 min read

Editor's Note

It's been four days since the UK announced its tax cuts and the British Pound took a beating. NYT ponders how Liz Truss and the government hope to get out of this mess.

LONDON — Prime Minister Liz Truss of Britain campaigned as a tax cutter and champion of supply-side economics, and she won the race to replace her scandal-scarred predecessor, Boris Johnson. Now she has delivered that free-market agenda, and it may sink her government.

Four days after Truss’ tax cuts and deregulatory plans stunned financial markets and threw the British pound into a tailspin, the prime minister’s political future looks increasingly precarious as well.

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