Prime Minister Liz Truss for threatening Britain's economic stability after she was forced to scrap her economic agenda, with some Conservative lawmakers calling on her to quit.
for threatening Britain's economic stability after she was forced to scrap her economic agenda, with some Conservative lawmakers calling on her to quit.the radical economic agenda she proposed less than a month ago, reversing her vast tax-cutting plans and flagging a programme of "eye-watering" public spending cuts instead.Register now for FREE unlimited access to Reuters.com* Truss said was sorry for going "too far and too fast" with her radical economic plan.
* "I do want to accept responsibility and say sorry for the mistakes that have been made," Truss told the BBC late on Monday. * She said she was "sticking around" and that she would lead the Conservatives into the next election, but some of her lawmakers are calling on her to quit. * James Heappey, a minister for the armed forces, said Truss, his boss, could not afford to make any more mistakes. "To her credit, she has owned it and apologised," he told Sky News.* The Bank of England dismissed on Tuesday a report in the Financial Times suggesting it was likely toThe BoE was forced to intervene in the government bond market after Truss's Sept. 23 "mini-budget" to prevent a collapse of pension funds.
* The BoE's statement on Tuesday prompted a moderate hit to British government bond prices, with the 10-year gilt yield GB10YT=RR rising 4 to 5 basis points as a result.* The UK's main equity indexes
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