Joe Biden blasts Liz Truss’ economic plan as a ‘predictable mistake’ after the president meddled and described Britain as ‘closest ally’

JOE Biden has called Liz Truss’ economic plan a “predictable error” just weeks after calling Britain his “closest ally”.

The intervening US President also said he was “not the only one” who felt the PM had messed up on her mini-budget.

US President Joe Biden has criticized Truss' economic plan as a

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US President Joe Biden has criticized Truss’ economic plan as a “predictable error”.Photo credit: Reuters
Liz Truss was forced to humiliatingly reverse her economic plan

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Liz Truss was forced to humiliatingly reverse her economic planPhoto credit: Andrew Parsons / No. 10 Downing Street

He made an extraordinary intrusion into British politics during a visit to an ice cream parlor in Oregon on Sunday.

When asked for his opinion on Ms. Truss’s economic policies, Biden said: “I wasn’t the only one who thought it was a mistake.

“I think the idea of ​​lowering taxes on the super-rich came at a time when I – anyway, I just think – I didn’t agree with the policy, but that’s for Britain to judge, not me. “

The move is sure to draw disapproval from Ms Truss and her team at No10 – and US presidents are expected to stay away from comment on UK politics.

Biden warns the world on the brink of
Biden calls Britain'the world's closest ally' as he first meets Truss

It comes after last month Biden previously hailed Britain as America’s “closest ally in the world” when he met Ms Truss at the United Nations in New York.

Biden’s comments come after Ms Truss announced a humiliating mini-budget U-turn after dramatically firing Kwasi Kwarteng as chancellor.

The embattled prime minister confirmed controversial plans to scrap a corporate tax hike next year have been officially scrapped.

The withdrawal was a massive embarrassment for the government, which has spent weeks defending the policy.

In a tense news conference that lasted less than 10 minutes on Friday, the shaken Prime Minister said: “It is clear that parts of our mini-budget have gone further and faster than markets expected.

“So the way we are fulfilling our mission now has to change. We must act now to convince the markets of our fiscal discipline.

“I have therefore decided to maintain the corporate tax hike planned by the previous government.”

But new Chancellor Jeremy Hunt hinted at another about-face on Saturday when he suggested public spending could rise – although Truss said that would not happen two days ago.

He denied Britain was returning to an era of austerity but acknowledged “difficult” decisions on spending and taxes would have to be made.

Mr Hunt told Sky News: “Spending will not increase as much as people want and there will be more efficiencies to be found and we will not have the speed of tax cuts that we are hoping for and some taxes will have to be scrapped get high.

“That is the reality of the very challenging situation we are facing.”

https://www.the-sun.com/news/6454013/biden-calls-truss-economic-plan-mistake/ Joe Biden blasts Liz Truss’ economic plan as a ‘predictable mistake’ after the president meddled and described Britain as ‘closest ally’

DevanCole

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