https://www.youtube .com/watch?v=xwp9mRixTAk
The British prime minister is betting big on a fiscal policy that includes the biggest tax cuts in the United Kingdom in half a century – funded by borrowing. Liz Truss says the plan will kick-start the economy. But her critics say it is a reckless gamble. And the plans seem to have backfired already. The pound has fallen to record lows, and financial markets have gone into turmoil. In rare public criticism of a leading global economy, the International Monetary Fund has warned the plan could increase inequality in the UK. Elsewhere, Bollywood and Nollywood movies fight to stay in the spotlight. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ @AljazeeraEnglish #Aljazeeraenglish #News
switch that music off
Film industry is all demonic, people should stop watching that garbage
“ Putting out fire with gasoline” Idiots
😆😆😆😆😆😆😆😆😆😆😆
In Scotland we all thought that Boris Johnson was going to be the Conservatives’ biggest asset to the Scottish independence campaign. It seems that we were wrong. It’s clearly going to be Liz Truss.
Who would be the lenders?
UK is following Sri Lanka and Greece footsteps to bankruptcy.
High government spending = increase government debt.
Lower tax = reduce government income.
When both policies are implement, it is the first step to bankruptcy. The currency will lose its value and UK will default on its debt.
They need to print more money and have price controls
Interesting that no one ask – should Britain not have kept out of EU politic and not provided an awful lot of money to Ukraine – after all getting out of EU (Brexit ) should have kept the normal payment to Nato as it was ! not to ramp it up as much as they have done ?????
Like the pundits say here in ‘Merica, ” Double Down on the Trickledown ! “
The pound has RISEN but you fail to mention this. Today it is $1.11 not the $1.03 it was on Monday. You’re not listening to Truss, who is trying to STOP the “managed decline” that previous governments have “achieved”. Failure by the Bank of England to meet expectations and increased borrowing costs by only 0.5% instead of 0.75% started a run on the pound, which AJ has ignored in this report. Much better to grow the pie as Liz says, and Kwasi’s Budget increases tax revenues – history proves this – so will boost public sector finances. Also why is the media criticising £200m spending by Kwasi, when Boris spent £400m and the media ignored it? The media is hysterical and all the nay-sayers are either Remainers (anti Brexit) or MPs who voted for Rishi not Liz to be leader. Al Jazeera is misrepresenting the situation – please get your facts right.
I’m no economist for sure, but how can the British government announce in May 2022 that it would provide £1.3bn in military support to Ukraine, including £300m of equipment already promised by Johnson at an earlier date.
The package of military aid, announced before a meeting of G7 leaders, marks the UK’s “highest rate of military spending since the end of the Iraq and Afghanistan campaigns” and will come from UK reserves after being agreed with the Treasury, reported The Guardian.
Maybe another crazy political example of funding on the ‘back of borrowing’, and a resultant debt that cannot be repaid, if ever, by our grand children.
John (UK) old timer
How to fund the UK budget ? Borrow from China.
Shut Up let it happen England.
Close your eyes and get on your knees and learn this like your 3rd world Country Global brother’s
Get on your knees and no teeth x