Home
      |  Articles      |  Exclusives       |  About       |  Links       |  Contact

.

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

RELATED ARTICLES

Boris Johnson Has Weakened Britain In The World With Brexit Resulting In Revenue And Trade Deal Losses Confirming Previous Claims

Heating And Food Costs Soaring In Britain Due To Global Developments And Economic Neglect By Prime Minister Boris Johnson And Fellow Tory Politicians

Theresa May And Boris Johnson Under-Funding Of The NHS Left The Health Service Ill-Prepared To Counter The Effects Of The Coronavirus (Covid-19)

Mainstream Scientists Debunk Coronavirus 'Herd Immunity' Claim Popularized By Politicians Such As Boris Johnson Confirming Previous Site Claims

Britain Death Toll From Coronavirus Becomes The Highest In Europe Due To Prime Minister Boris Johnson's Failed Herd Immunity Strategy

Boris Johnson Makes A U-Turn Acknowledging The U.K. Strain Of The Coronavirus Is More Virulent And Deadly Confirming Previous Site Claims

Labour Party Releases Unredacted Documents Illustrating Plot By Boris Johnson And His Tory Politicians To Sell The NHS In Trade Deal

Boris Johnson And Theresa May Failures In British Government Resulted In 25% Of Medical Staff Contracting Coronavirus And Many Dying

Site Exclusives

.

 


© Copyright 2007 - 2021. All Rights Reserved. Web site design by Aisha for Sonustar Interactive

Aisha | Goodison Trust | Sonustar News | Judiciary Report | Sound Off Column | Celluloid Film Review | Medicine And Science Times | Consumer News Reviews | Compendius | United Peace Initiative | Justice And Truth