US President Joe Biden has criticised Liz Truss’s abandoned mini-budget as he bemoaned a lack of ‘sound’ economic policy in some countries.
’s abandoned mini-budget as he bemoaned a lack of ‘sound’ economic policy in some countries.on Friday and replaced him with Jeremy Hunt in order to calm the financial markets.
Biden said Truss’s move to reverse the planned tax cuts was ‘predictable’, taking the unusual step to criticise one of the US’s closest allies.‘I think that the idea of cutting taxes on the super-wealthy at a time when … I disagree with the policy, but that’s up to Great Britain.’ Hunt had spent Saturday effectively trashing the mini-budget and the set of policies that brought Truss to power and suggested some taxes could rise as he promised to bring stability to the country.Sir Geoffrey Clifton-Brown told LBC on Saturday that for Truss, it all hinges on how the markets receive the fiscal plan at the end of the month.
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