Editor’s Note: Frida Ghitis, a former CNN producer and correspondent, is a world affairs columnist. She is a weekly opinion contributor to CNN, a contributing columnist to The Washington Post and a columnist for World Politics Review. The views expressed in this commentary are her own. View more opinion on CNN.
In what amounted to a statement – and action – branding the UK government’s policy as misguided, the Bank of England, Britain’s Fed, started buying bonds to support the pound and prevent “dysfunction” just days after raising rates to tackle inflation. To counter the selloff, and to keep pension funds from going under, it vowed to continue the purchases “on whatever scale necessary.” Its chief economist, Huw Pill, said Truss’ cuts would require a “significant monetary policy response.
This is insane
The rest of the world should worry about people knowing about this British tax cut and demand own governments to do the same.
She was better off following Gerald Ford's strategy History
Truss is sus
She’s thick as mince. This was inevitable
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The Woke's Opinion!
World has more to worry about Biden who is hell bent on creating 3rd WW
Do you hear that Fat Teddy Cruz and MAGA Fascist Republicans who think only USA is going through an inflation period ProjectLincoln RpsAgainstTrump Morning_Joe SenTedCruz
No climate change comment then?. Europe is in recession; the UK is not. How's America doing. Bloody left media. Total shyt.
She lifted the ban on fracking. The UK will likely have the most affordable heating bills in all of Europe this year. *scary*