, ultimately forcing Kwarteng into making humiliating policy reversals of his own before being replaced.
Now Hunt has announced further reversals including junking plans to cut the basic rate of income tax and dividend tax, effectively killing Truss’ economic vision. “The British people rightly want stability, which is why we are addressing the serious challenges we face in worsening economic conditions,” Truss tweeted after Hunt’s statement.
LMFAO 😂
Another silly woman
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New UK finance minister rips up Truss' economic plan in stunning policy reversal | CNN BusinessBritain's new finance minister announced a comprehensive retreat on the UK government's tax-and-spending plans on Monday in a frantic effort to calm jittery markets and restore the government's credibility.
Source: cnni - 🏆 326. / 59 Read more »
New U.K. finance minister scraps most of controversial tax cut plan'No government can control markets, but every government can give certainty about the sustainability of public finances.' L O L Meanwhile the Republican Party keeps up the biggest con ever by preaching that tax cuts for the wealthy will “trickle down” to those in need thereby stabilizing the economy. Fool me once (Reagan), fool me twice (Trump), and yes, we will be fooled again. VoteBlue
Source: axios - 🏆 302. / 63 Read more »
Liz Truss ditches another big tax cut and fires her finance minister | CNN BusinessUK Prime Minister Liz Truss has fired finance minister Kwasi Kwarteng and ditched a big part of her discredited economic strategy in a desperate bid to rescue her month-old premiership. At this age, American President Joe Biden should worry more about his trembling legs than about the nuclear assets of any other country, for the protection of which the people there know how to give their lives and also take someone else's. And Truss owns this earthquake. What do u expect, when the former minister Boris Johnson was forced out of office, let UK enjoy the fruit of their labour...
Source: CNN - 🏆 4. / 95 Read more »