Fitch downgraded the UK’s rating from stable to negative

These measures taken to promote economic growth “could lead to a Significant increase in disability “Medium-term budget,” Fitch said in its statement.

“We believe that the Chancellor (Finance Minister)’s comments hint at the possibility of further tax cuts and the possible adjustment of fiscal rules enacted in January that reduce the predictability of fiscal policy.”

tax cut plan

Prime Minister Les Truss On Wednesday, he vowed to steer Britain toward growth by wrapping up his ruling Conservative party’s raucous annual conference with a strong defense of his controversial economic plan.

A month after succeeding Boris Johnson, the new Tory leader has turned against the financial markets, voters and leading figures in her party with a program of tax cuts that would increase an already massive public debt.

under the pressure of the party, Gears and finance minister, Quasi Quarting, On Monday they had to abandon a highly controversial abolition of the top tax bracket, 45%, for incomes over 150,000 pounds ($170,000) a year, Accused of benefiting the rich When many Britons plunge into poverty.

At the conclusion of the conference, Truss once again defended his ultra-liberal shock plan to revitalize the British economy threatened by recession and plunging into hyperinflation that is putting many families in difficulty.

The fact that his economic plan was not outlined failed to calm markets, which responded with a sharp drop in sterling, with a 2.01% loss against the dollar, hitting a minimum of $1.1241 after his speech.

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Sacha Woodward

"Wannabe writer. Lifelong problem solver. Gamer. Incurable web guru. Professional music lover."

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