. UK Prime Minister Liz Truss’s tax-cut plan has drawn criticism from economists and investors and prompted the Bank of England to calm panicked markets with an emergency intervention on Wednesday. The Biden administration, including the Treasury Department, is concerned by the UK’s tax-cut plan, an administration official familiar with the matter told CNN Thursday.
” Biden officials have conveyed their worries about the UK plan through the International Monetary Fund, according to Bloomberg News, which previously reported on the concerns of US officials. The United States is the largest shareholder in the IMF, which issued a rare criticism of the UK plan this week and urged the country’s officials to “reevaluate” the tax cuts.
England still has a powerful 'Class' system, and PM Liz Truss merely reflect that system. Her inclination is to trust her Wealthy Class to resolve the UK financial crisis, but 'trickle down' economics simply does not work.
The US is no better off. They are just the floatiest turd in the bowl right now. They too will soon be flushable.
Well, sometimes people's dreams come true 🤡
Let them eat cake?
Why? Congress did it themselves under Scump.
England was fooled into Brexit and this rush to become a 3rd world country as payed off for the wealthiest and most corrupt politicians in power and corporation who now run everything. England You Are A 3rd World County With A king . Try Waking Up ,, if it’s not to late .
Corruption is loading...
US officials should be more worried about their shrinking economy and lack of growth
Renaming the City as Poundtown was a bad idea
It's a corrupt, smash and grab government. They would not allow financial reports from the OBR, which were available, to be shown alongside the budget as has always happened in the past. The tax cuts will not help growth when mortages cost 10.5% !!
US Officials and most Britains.
The UK aint playing ball..... The US just engineers this conditions to make them dollars more
Didn't the U.S. just say something like they will manage their own currency as they see fit? So what's the problem if other countries do as they see fit? Lol
Obviously,the government should be deficit spending instead.