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Nice happy Birthday To Me This Queen Was Born On November 01 Black Girl T-shirt! Almost immediately after Truss crossed the threshold of Downing Street, a debate began surrounding her suitability for the role, a conversation that was temporarily halted during a period of national mourning following the female death. King. WATCH Good Morning Vogue's Latest Episode, A Glamorous New: How Virginie Viard Made Her Own Chanel On September 23, the chancellor of Truss, Kwasi Kwarteng, delivered her small budget, heralded as Initiatives to stimulate the UK Economy are buoyed by rampant inflation, the cost of living crisis and rising fuel prices. Economic policies include a series of tax cuts that disproportionately benefit the rich including reducing income taxes for the country's highest earners and reversing plans to raise corporate taxes and was immediately met with intense and widespread criticism, not only from the opposition party but also from economists and international leaders. The effects are devastating. Within 24 hours, the value of the British pound plummeted, to an all-time low against the US dollar.
The crash also took a large portion of mortgage products off the market, sending interest rates soaring and hampering the stability of UK pension funds. Not only was the Bank of England forced to intervene, promising to buy up to £65 billion in government bonds, but the International Monetary Fund issued a scathing statement about the measures, noting that they would "have potentially increasing inequality" and urged the British government to rethink their plans. Despite plans to speed up the announced budgets for these cuts, Truss and Kwarteng's economic experiment floundered even as it took weeks for them to acknowledge it. Finally, on October 14, Truss demanded that Kwarteng step down and replace him with former health minister Jeremy Hunt, who then went on to reverse much of Truss' proposed economic plan in a flip. reverse the humiliation of the already despised prime minister. Nice happy Birthday To Me This Queen Was Born On November 01 Black Girl T-shirt! While this restored some stability to the economic turmoil of the previous weeks, many believe that due to the crushing failure of Truss' signature tax cut, her leadership days have been numbered.
