Posted 9/18/2023, 2:33:00 PM

Truss and Carney clash over UK economic policy - Former BoE governor compares Truss' plan to Argentina as mini-budget sparks market panic

Former UK PM Liz Truss' economic plan was compared to Argentina's instability by ex-BoE governor Mark Carney.
Truss wanted UK to be like Singapore but delivered "Argentina on the Channel" per Carney.
Truss' mini-budget with unfunded tax cuts sparked market panic in September 2022.
Truss hits back that Carney represents failed 25-year economic consensus of low growth.
Truss blames central banks for low rates enabling excessive government spending.

cnn.com

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