Britain New Prime Minister Liz Truss Crashed
The Economy The First Week She Took Office
October 13. 2022
Prime Minister Liz Truss and Labour party leader
Keir Starmer
Britain's newly appointed
conservative Prime Minister, Liz Truss, has wrecked
the economy within days of assuming office. Truss'
tax cuts for the rich, and untested and unproven
energy policies, caused both the British pound and
stock market to crash. The pound, which had proven
sturdy for generations, hit its lowest mark, which
alarmed many around the world.
The Economist magazine stated, "Liz
Truss is already a historical figure. However long
she now lasts in office, she is set to be remembered
as the prime minister whose grip on power was the
shortest in British political history. Miss Truss
entered Downing Street on September 6th. She blew up
her own government with a package of unfunded tax
cutes and energy-price guarantees on September 23rd.
Take away the ten days of mourning after the death
of the Queen, and she had seven days in control.
That is the shelf-life of a lettuce..."
An excerpt from the Economist magazine
NBC News reported, "After days of
turmoil, the U.K. drew a rare stinging rebuke from
the International Monetary Fund, which urged the
government to 're-evaluate' a plan that may fuel
already-soaring inflation and increase economic
inequality."
Britain constantly had its finances
together. However, after Prime Ministers Theresa
May, Boris Johnson and now Liz Truss, took office,
it has been one financial disaster after another.
Britain has been hemorrhaging money (much of it due
to Brexit).
Four Tory prime ministers in a row
have set Britain down the wrong path and it is very
disappointing. This must change. It clearly
necessitates a change in party, regarding who is
running the country, as the Labour party is
illustrating they have better ideas and intentions
than the Tories. Your futures are at stake and that
of your children and their descendants.
STORY SOURCE
U.K. in turmoil as government's gamble to
solve economic woes fuels crisis, instead
Sept. 28, 2022, 11:45 AM EDT -
LONDON — If anyone thought Britain was due a period
of calm after Boris Johnson’s tumultuous
premiership, no one told his successor. The country
was already facing an ugly menu of challenges. But
the proposed solution by new Prime Minister Liz
Truss has quickly sent the economy spiraling into
chaos, threatening consequences both immediate and
long-lasting for many Britons.
Her Conservative government's 45
billion pound ($48 billion) plan to slash taxes —
particularly for the country’s highest earners — has
sent shock waves through financial markets, causing
the pound to plummet and leaving Truss' own
political future in sudden doubt just three weeks
after taking office...
https://www.nbcnews.com
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