Boxed in by market turmoil and a mutinous Conservative Party, U.K. Prime Minister Liz Truss was left with two cards to play: hitting reset on her economic plan, and firing her friend and finance minister, Kwasi Kwarteng.
She used up both on Friday — and left herself in even more peril.
Following days of rumors and leaks about upcoming U-turns, Truss finally confirmed another humiliating reversal on her low-tax vision for Britain, announcing she would scrap her plan to freeze corporation tax next year.