Biden: The original economic plan from Britain’s Truss was a mistake

PORTLAND, Ore., Oct. 15 (Reuters) – Biden says he wasn’t the only one who thought British Prime Minister Liz Truss’ initial economic plan, which led to a sharp fall in the pound, was a mistake.

“I wasn’t the only one who thought it was a mistake.” He told reporters during a stop at an Oregon ice cream parlor while helping campaign for Tina Kotek, who is running for Governor of Oregon.

The White House has refrained from commenting on Truss’ woes and when asked about the strength of the US dollar, Biden said, “I’m not worried about the strength of the dollar. I worry about the rest of the world.”

Earlier on Saturday, Britain’s new Treasury Secretary Jeremy Hunt said some taxes would rise and tough spending decisions were needed, saying Prime Minister Liz Truss made mistakes as she struggled to keep her job just over a month into her tenure.

In an attempt to calm financial markets that have been in turmoil for the past three weeks, Truss on Friday sacked Kwasi Kwarteng as her Chancellor of the Exchequer and scrapped parts of her controversial economic package.

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reporting by Jeff Mason in Portland, Oregon, writing by Mike Stone in Washington; Edited by Sandra Painter

Our standards: The Thomson Reuters Trust Principles.

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