US president makes unusual intervention, saying he is worried by ‘lack of economic growth and sound policy in other countries’
Joe Biden has called Liz Truss’s abandoned UK tax cut plan a “mistake” and said he is worried that other nations’ fiscal policies may hurt the US amid “worldwide inflation”.
Biden said it was “predictable” that the new British prime minister on Friday was forced to walk back plans to aggressively cut taxes without identifying cost savings, after Truss’s proposal caused turmoil in global financial markets.
US president makes unusual intervention, saying he is worried by ‘lack of economic growth and sound policy in other countries’Joe Biden has called Liz Truss’s abandoned UK tax cut plan a “mistake” and said he is worried that other nations’ fiscal policies may hurt the US amid “worldwide inflation”.Biden said it was “predictable” that the new British prime minister on Friday was forced to walk back plans to aggressively cut taxes without identifying cost savings, after Truss’s proposal caused turmoil in global financial markets. Continue reading…