UK Prime Minister Liz Truss has apologised for the “mistakes” she made over the ill-fated tax-cutting plan, but has insisted she still intends to lead the Conservative Party into the next general election.
Truss became prime minister on Sept. 5, but her position has been weakened after her “mini-budget,” which included £45 billion ($50 billion) of unfunded tax cuts, spooked the financial markets, causing the pound to fall and borrowing costs to soar.
