Donald Trump posted an Elon Musk message about his hush money trial.
Former prime minister Liz Truss recently accused US president Joe Biden of “utter hypocrisy and ignorance” due to his reaction to the mini-Budget which sparked the end of her premiership via Independent.
It has been noted in her new book, Ten Years to Save the West that she recalled the global reaction to the mini-Budget which promised £45bn of unfunded tax cuts.
Truss, Britain’s shortest-serving prime minister, has previously blamed the “deep state” for “sabotaging” her tax-cutting plans from Kwasi Kwarteng’s notoriously disastrous economic plan which sent the pound into a nose dive and sparked a crash in the markets.
Truss wrote, in an excerpt published in The Mail On Sunday: “Today [Tuesday 11 October 2022], the Bank of England governor himself caused a market reaction by announcing that the support scheme for pension funds would wind up at the end of the week.
“This led to an immediate fall in the pound. On top of that, the International Monetary Fund (IMF) has questioned whether the rich would benefit ‘too much’ from the mini budget — surely a domestic question for the UK Government!”
She quoted President Biden saying: “I wasn’t the only one that thought [the mini budget] was a mistake. I think that the idea of cutting taxes on the super-wealthy at a time when … anyway, I just think … I disagreed with the policy.”
The 49-day prime minister continued: “This was utter hypocrisy and ignorance. The top rate of income tax in the U.S. was 37 per cent and only charged to people earning the equivalent of £483,094 and above. By contrast, the top rate in the UK was 45 per cent and paid by those on more than £150,000.”
She said she was “shocked and outstanded” that a US president would comment on UK domestic policy.
