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.

Sign in to informed

  • Curated articles from premium publishers, ad-free
  • Concise Daily Briefs with quick-read summaries
  • Read, listen, save for later, or enjoy offline
  • Enjoy personalized content