British Prime Minister Liz Truss on Wednesday that cutting taxes was “the right thing to do morally and economically,” doubling down on a series of debt-funded economic reforms that have sparked in-party fighting and market turmoil.
Still, Truss remained committed to her policies Wednesday, saying:"Not everyone will be in favor of change, but everyone will benefit from the result."
The prime minister's speech was disrupted by shouts from environmental protesters, who were escorted from the audience after Truss requested:"Let's get them removed."Backlash over tax cuts Truss's government has been plagued by controversy over the announcement last month of a string of debt-funded tax cuts — estimated to total £43 billion — which critics say disproportionately benefit the wealthy and businesses.
The prime minister herself has argued the cuts will spur growth at the top end of the economy, with knock-on effects across society., in an effort to quell financial markets after the proposals unleashed chaos on U.K. assets.Britain's Prime Minister Liz Truss has admitted she should have laid the groundwork better for recent"growth-focused" tax cuts that roiled financial markets.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Perspective | This prime minister laughed at the meme she inspired: #DespiteBeingAWomanPrime minister of Bangladesh Sheikh Hasina was in Virginia for a quiet visit with her grandkids, but word spread among expats, who swarmed the hotel to see her.
Weiterlesen »
Japanese prime minister says gov't investment in digital transformation will include Metaverse, NFTsJapan is ready for Web3! Fumio Kishida, the Japanese Prime Minister, stated that the government will promote services that utilize the metaverse and NFTs.
Weiterlesen »
U.K. Leader Liz Truss Faces Political Backlash After Sparking Market TurmoilLess than a month into her tenure as U.K. prime minister, Liz Truss is seeing her political authority rapidly erode as her experiment in British Reaganomics spins out of her control
Weiterlesen »
Trump crowns King Charles III and Liz Truss with positive reviewsFormer President Donald Trump showered King Charles III and British Prime Minister Liz Truss with high praise.
Weiterlesen »
Britain's Market-Rocking Tax Cuts Have Been Compared to ‘Reaganomics.' But There Are DifferencesComparisons between the ideology of Liz Truss, who became U.K. prime minister earlier this month, and Ronald Reagan have come thick and fast.
Weiterlesen »
49ers live updates: Garoppolo, Niners look for prime-time rebound vs. RamsThe 49ers hope a Monday Night Football date with the Rams can get their season on track, just like it did last year.
Weiterlesen »