UK’s Truss defends economic plan that sent pound tumbling

By JILL LAWLESS and DANICA KIRKA
Associated Press

LONDON (AP) — British Prime Minister Liz Truss has defended her economic plan that roiled financial markets, saying she’s willing to make “difficult decisions” to get the economy growing. Truss gave her first public comments Thursday since her government last week announced billions in unfunded tax cuts that drove the pound to record lows. She says Britain is facing a “very, very difficult” economic situation. But she says the problems are global and spurred by Russia’s invasion of Ukraine. The Bank of England took emergency action Wednesday to stabilize U.K. financial markets and head off a crisis in the broader economy after the government’s tax cuts spooked investors.