British leader’s original economic plan ‘was a mistake’
US President Joe Biden has said he believes British Prime Minister Liz Truss’ initial economic plan was a mistake and he was not alone. Truss’ plan caused the value of the pound to fall sharply.
“I wasn’t the only one who thought it was a mistake,” Biden told reporters during a stop at an Oregon ice cream shop where he was helping campaign for presidential candidate Tina Kotek. Governor of Oregon.
The White House refrained from commenting on Truss’s troubles, and when asked about the strength of the US dollar, Biden said, “I’m not concerned about the strength of the dollar. I’m concerned about the rest of the world.”
Earlier on Saturday, Britain’s new finance minister, Jeremy Hunt, said some taxes would rise and tough spending decisions were needed, saying the PM had made mistakes as she struggled to keep her job for a bit more than a month into his term.
In a bid to appease financial markets which have been boiling for three weeks, Truss sacked Kwasi Kwarteng as Chancellor of the Exchequer on Friday and dropped parts of their controversial economic package.
Biden also told reporters in Oregon something he had said a day earlier in California: that he was surprised by the courage of people taking to the streets to protest in Iran. He was commenting on the weeks of unrest in Iran since a young woman was killed in police custody.