Biden reacted on being asked about the steep dive in the value of the pound
He further said – The problem is the absence of economic growth and wise policies in other nations, not so much in ours, and that’s why inflation is worse everywhere else in the news in the United States.
Jeremy Hunt, Britain’s new finance minister, has forewarned of impending tax increases and was seen asking UK citizens to make sacrifices.
Truss’s removal from office may happen within days thanks to plots made by UK lawmakers.
The Bank of England’s Governor, Andrew Bailey was told by UK’s new Chancellor that there is a clear and immediate consensus regarding the significance of fiscal sustainability and stability.
On October 31st, the new chancellor is scheduled to present a fresh budget proposal.
