Is UK's Kamikaze PM Liz Truss Leading 2022 Collapse of Western Finance Capitalism?

The British opposition leader lashes out at the ruling Tory party over the country’s current economic crisis. Starmer says the Prime Minister is unable to fix the chaos she caused after unveiling her economic growth package last month.
Starmer also accused the Tories of putting the party before the British people. His comments came a day after Truss fired Kwasi Kwarteng as her Chancellor of the Exchequer on Friday replacing him with former foreign secretary Jeremy Hunt. She also once again scrapped parts of her tax-slashing mini-budget that sent markets into turmoil and caused uproar even in the ruling conservative party. Hunt has signalled a U-turn on Truss’s unpopular economic plan.

https://www.presstv.ir/Detail/2022/10/15/691010/UK-Economic-Crisis

Hunt acknowledged that tax increases were on the cards. But, he added, what Britons want more than anything else is stability, including the political one. He said he needed to deliver on those expectations. Hunt is due to announce the government's medium-term budget plans on October 31st. It will be a key test of his ability to show investors that the UK can restore its economic credibility. The country is grappling with high inflation and slow economic growth that has raised fears of a recession..

UK’s new finance minister has signaled U-turn on unpopular economic plan, announcing plans to revise controversial tax policy of his predecessor. Britain’s PM Truss unveiled controversial economic plan after taking office last month, when she sacrificed ex-finance minister and scrapped economic tax plan in fight to survive. New Finance minister due to announce UK’s medium-term budget plans on October 31. This edition of spotlight looks at how the UK is grappling with high inflation and slow economic growth with panelists Tony Gosling, historian and journalist from London and Mahmoud Refaat president of The European Institute for International Law from Stockholm.

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