LONDON — U.K. Prime Minister Liz Truss was clinging to power on Monday after suffering the abject humiliation of being forced to U-Turn on much of the economic program she announced only last month.
The premier watched on in the House of Commons as Chancellor of the Exchequer Jeremy Hunt, the former leadership rival she installed to rescue her premiership, dismantled much of what was left of her Sept. 23 “Growth Plan.” She later apologized for her mistakes in a BBC television interview.
The astonishing reversal — designed to bring stability to the financial markets after weeks of turmoil — leaves Truss in office but toothless and unable to proceed with the tax-cutting platform that won her the Conservative Party leadership contest.
