Truss Stands by Tax Cuts and Says UK Faces Economic Pressure.

US Commerce Secretary Gina Raimondo on Wednesday said Truss's determination to slash taxes wouldn't boost growth, the International Monetary Fund urged Truss to reconsider her plans and Lawrence Summers, the former US Treasury Secretary and now a paid contributor to Bloomberg Television, said the UK has the worst economic policy of any major country. UK Prime Minister Liz Truss defended a giant package of unfunded tax cuts which sent markets into turmoil this week, saying currencies and economies around the world face tough economic pressures. [Extracted from the article]