Journos Assail Beleaguered Truss At Awkward Presser

The Associated Press reports:

Embattled British Prime Minister Liz Truss sacked her Treasury chief and reversed course on sweeping tax cuts Friday as she tried to hang on to her job after weeks of turmoil on financial markets.

At a hastily arranged news conference, she said she was acting to “reassure the markets of our fiscal discipline.” Truss also fired Kwasi Kwarteng as Treasury chief, replacing him with the former Cabinet minister Jeremy Hunt.

Truss is trying to restore order after three weeks of turmoil sparked by the government’s tax-cutting “mini budget.” The Sept. 23 statement sent the pound plunging to record lows against the dollar and led the Bank of England to step in to prevent a wider economic crisis.

Read the full article. As noted in a previous thread, today’s press conference was quite humiliating.