US President Joe Biden said that from the very beginning he considered the economic plan proposed by British Prime Minister Liz Truss to be wrong, White House journalists said on Saturday.
“I was not the only one who thought this was a mistake,” the US president said, adding that the current developments in the UK are “totally predictable and predictable.”
Biden stressed that he does not agree with the plan proposed by Truss, and believes that all decisions should depend on the British themselves.
And the Guardian reported on Saturday night that MPs from Britain’s ruling Conservative Party are scheduled to meet on Monday to discuss the prime minister’s political future, and that more members of the Conservative Party are talking about the need to replace her.
The sharp decline in the popularity of the Trust is due to the fact that the stock and bond markets in the Kingdom reacted very poorly to the economic program introduced by the government, and the pound fell to a record low.
Experts doubt that the prime minister’s plan to cut taxes and ease government regulation will quickly bring the country out of recession, achieve economic growth and curb record high inflation.
At the same time, the UK’s debt burden will increase, and businesses and individuals are already facing higher interest rates on loans and mortgages.
Terrace’s opponents won’t be able to win a vote of confidence in the first year after she becomes prime minister. However, if half of the members of the faction (178 out of 356) were ready to announce a vote of no confidence in the prime minister, the laws could be revised.
Source: TASS