Britain's new finance minister Kwasi Kwarteng unleashed historic tax cuts and huge increases in borrowing on Friday in an economic agenda that floored financial markets
Moves to subsidise energy bills will cost 60 billion pounds ($65.3 billion) just for the next six months, Kwarteng said - part of a promise to support households for two years.
Tax cuts - including an immediate reduction in a property purchase tax - would cost a further 45 billion pounds by 2026/27.
Pres. Biden tweeted *I am sick and tired of trickle-down economics. It has never worked. We're building an economy from the bottom up and middle out.
Did the US cause this energy problems world-wide and now Europe is splitting?
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