British PM Truss defends 'controversial' tax cuts despite market turmoil
New Conservative Party leader and incoming prime minister Liz Truss smiles and waves as she arrives at Conservative Party Headquarters in central London having been announced the winner of the Conservative Party leadership contest at an event in central London on September 5, 2022. - Truss is the UK's third female prime minister following Theresa May and Margaret Thatcher.
Agence France-Presse is an international news agency headquartered in Paris, France.
What you need to know:
Despite being in power for less than a month, Truss is already under severe pressure after the markets reacted to her government's tax cuts by sending the pound to an all-time low against the dollar.
