Biden calls UK PM’s abandoned tax cut plan a ‘mistake’ ...Middle East

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Biden calls UK PM’s abandoned tax cut plan a ‘mistake’
PORTLAND: US President Joe Biden on Saturday dubbed right-wing British Prime Minister Liz Truss’s abandoned tax cut reform a “mistake,“ as the under-fire Conservative leader headed into crisis talks to thrash out a new budget plan.Tax cuts were the centerpiece of a radical economic reform program announced by Truss and her now-sacked chancellor of the exchequer, Kwasi Kwarteng.But they were financed through billions in extra borrowing, causing panic on financial markets at the prospect of higher inflation, which has already left British households in the grip of a cost-of-living crisis.“I wasn’t the only one that thought it was a mistake,“ Biden told reporters during a campaign trip to the P

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