British Prime Minister

Liz Truss

said in an interview with the

BBC

today that she could have

done a better job "setting the stage"

for her tax cut package, but reiterated that she will

continue to implement her economic program

despite having already created havoc on financial creation and weakened the finances of the Kingdom. 

Truss acknowledged that the country is facing "a very turbulent and stormy time" but assures that his government will lead in the long run to "a high-growth, low-tax economy".

Claims that are unlikely to calm the waters in

the Conservative Party

, which opens its annual congress in Birmingham, central England today, amid

free-falling polls and growing popular discontent

Truss took over the UK government less than a month ago, promising to

radically reshape the

UK economy after years of sluggish growth.

But on 23 September the announcement of an incentive package that includes

debt-financed tax cuts of £ 45 million

(over € 51 million) caused the pound to plummet to an all-time low against the dollar.

The

Bank of England

has been forced to intervene to support the bond market and fears of an imminent

interest rate hike

are already complicating the life of those who have to buy houses, who can no longer find the

mortgage

offers of a few weeks ago. 

"I have learned my lesson," Truss told the BBC, "I will take care in the future to work better to prepare the ground" for measures of this magnitude. inflation and the surge in energy prices caused by the

Russian invasion of Ukraine

In an effort to calm the markets, Truss and his finance minister

Kwasi Kwarteng

have announced that they will present a medium-term fiscal plan

on November 23,

together with the economic forecast of the independent office for fiscal responsibility. 

Many economists, and many

conservatives

, believe that more weeks of market turbulence are to be expected.

Michael Gove

, minister in the Johnson government, argues that times should be shortened and some aspects of the fiscal plan will be set aside: "The top executives have not fully realized the extent of the reforms undertaken".

Several lawmakers fear that Truss is leading the party to a

defeat in the next legislative elections

, scheduled for

2024

.

Today the polls give the Labor Party a substantial advantage.

"I will do everything I can to win the hearts and heads of my party comrades," said Truss, without hinting that he is considering a change of course in economic policy.

In fact, he has no intention of giving up the most unpopular part of his program

, the decision to

eliminate the highest rate (45 per cent)

of income tax paid

on earnings above 150,000 pounds

(170,000 euros) per year, nor did he ever clarify whether

cuts in social policies and public services are

to be expected

to compensate for lower tax revenues. 

The first minister, on the other hand, said she was confident that she could

bring economic growth to 2.5% annually

, a goal that the United Kingdom has not achieved for years.

"

A naive idea ," according to

Labor Party

Economy

spokesperson

Rachel Reeves

, who accused the Conservative government of "conducting a

crazy experiment

with the British economy" while ignoring "

anxiety and fear" of millions of ordinary people

.