Liz Truss defends Mini Budget despite BoE intervention

No signs of reversal

Prime Minister Liz Truss has defended her government’s Mini Budget in a series of local BBC interviews this morning (29 September), showing no signs of reversal following the market turmoil that followed Friday’s announcement.

In her first comments since the Bank of England's intervention in the gilt markets, Truss defended her plans, arguing the government "had to take decisive action". The government's new fiscal policies have had significant repercussions on the UK economy, with the value of sterling sinking to a record low with the dollar and prompting the Bank of England to step in and enact a gilt buying operation.  Sterling currency crisis looms: Can the Bank of England steady the ship? "This is the right plan that we have set out. Of course there will always be people who will oppose particular m...