Britain is going through a very difficult economic situation
Prime Minister Liz Truss said Britain is going through a very difficult economic situation. He said that these problems are global and the main reason for this is Russia’s attack on Ukraine. Truss, speaking on BBC local radio, said: “The UK needs to take immediate steps to keep the economy moving and booming and tackle inflation.” Liz said that, as Prime Minister, I am prepared to make difficult decisions because the most important thing is to take the UK economy forward.
What is the impact of tax cuts
Liz Truss became Prime Minister of Britain on 6 September after winning the leadership of the governing Conservative Party with a promise of tax cuts. Let us tell you that, when Liz Truss had made very tempting promises to become PM, at that time Rishi Sunak had said that even if he loses, but he will not make announcements like Liz. Because this can put the country’s economy in danger.
Truss made big promises
Although Truss became the PM by making a flurry of promises, but it has not even been a month since she became the PM, the condition of the country is getting worse. Liz Truss has fulfilled her election promise of a free market agenda, which could sink the UK economy as well as her government.
Truss in trouble?
Liz Truss cut taxes and deregulated the market just four days after implementing the free market agenda. The result of which was that the value of the British currency pound fell sharply against the dollar.
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