Weakened after being forced into a U-turn on one of her tax cuts less than 24 hours into her Conservative conference, Truss will double down on her message that her plan is the right one to tackle the long list of problems facing Britain.
“For too long, the political debate has been dominated by how we distribute a limited economic pie. Instead, we need to grow the pie so that everyone gets a bigger slice,” she will tell the party in the central English city of Birmingham. The markets have largely stabilised after Britain’s central bank, the Bank of England, stepped in with a package worth billions of pounds to shore up the bond market, though borrowing costs remain higher than before the tax plans were set out on September 23.
It is not an argument Truss accepts and she will admit on Wednesday that “not everyone will be in favour” of her changes, a possible warning that the reforms she intends to bring in to spur investment and cut spending might not be palatable to all. With opinion polls showing the Conservative Party trailing the main opposition Labour Party badly and facing a possible wipeout if there was an early election, several lawmakers feel there is no easy option to restore their standing.