October 17, 2022
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President Joe Biden criticized British Prime Minister Liz Truss' tax cut plan, calling it a “mistake” amid skyrocketing inflation around the world.
RELATEDLiz Truss to replace Boris Johnson as British prime minister
Markets in Europe closed higher after British Prime Minister Liz Truss has abandoned a planned cut to corporation taxes, scrapping a key part of an economic plan that set off weeks of market and political turmoil.
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