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. “We’re facing very, very difficult economic times, we’re facing that on a global level,” Truss said Thursday in a round of interviews with local BBC radio stations. “We had to take urgent action to get our economy growing and that means taking controversial and difficult decisions.” Less than a month after taking office, Truss’s administration has been battered by a crisis of confidence in her economic policies that have ... (full story)