News from Al-Madinah: British Prime Minister Liz Terrace’s economic policies, according to US President Joe Biden, are “wrong.”
Biden said in statements that are out of the ordinary that the economic confusion that followed the announcement of the mini budget was expected.
When questioned about a planned attempt to accelerate the economy and spur growth by awarding tax exemptions without financing for them, Biden, who was speaking in Oregon, said: “This is expected, I was not the only one that thought him wrong.”
However, he continued, “This is something that belongs to Britain and does not worry me. I think that the idea of decreasing taxes from the wealthy at this time is something that I disagree with.
According to Biden, the impacts of Russian aggression against Ukraine have contributed to the global food crisis’ escalation.
He continued by saying that the level of food insecurity in the globe is unprecedented and that we must coordinate our efforts to address the problem.
Biden has consistently been one of the opponents of the policy of lowering the taxes on the wealthy, which is at the core of the economic plan of the Prime Minister and is based on the idea that lowering the taxes on corporations and the wealthy will accelerate economic growth and permit the distribution of wealth to all segments of society.
Les Terrace’s economic policies are “wrong,” according to Biden.
About Author
