British Prime Minister Liz Truss has defended her government’s mini-budget which has left the country on the edge of a full-blown financial crisis, saying she is prepared to make “controversial and difficult decisions”.
The value of the pound has collapsed to record lows against the US dollar, and British bonds have plunged since Friday, when UK Chancellor Kwasi Kwarteng unveiled hisTruss said the world was facing “very, very difficult economic times” as she also insisted Kwarteng, was working “very, very closely” with the Bank of England.
The action taken by the central bank triggered a sharp rally in UK assets, with the 30-year gilt yield posting its steepest daily drop on record.
This audio of radio interviews lays bare how out of depth she is. She really has no idea.
So stealing from the poor and giving to the rich is what she's fighting for? Right.
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