Liz Truss was an ineffective and indecisive leader in modern British history. She could not fulfil her commitment to her tax cut plan, and also fired her economic minister because of her indecisiveness. Furthermore, Liz Truss created a debt crisis in the UK because of her failed 45 billion pound tax plan. Also, The video also shows how top economic officials in a nation have to speak carefully when addressing the public. This is because if they say the wrong thing it may scare off investors, which will negatively affect the market. Ironically, Truss proclaimed that she is a "fighter" but only after 49 days she resigned. This lead to public confidence in the British government to dwindle. Additionally,…
Video Title: A Timeline of Liz Truss’s 45 Days as U.K. Prime Minister | WSJ
Comment:
The video demonstrated a prime minister of the U.K. who resigned only after 45 days due to incompetence. Although the video doesn't specify exactly why she quit, I find it ironic that she exclaimed that she is "a fighter" and "not a quitter." Although her courses of action were unsuccessful, if she truly had the desire to be prime minister, then I would recommend not quitting right away but trying to learn first and see how that goes. However, given that she…
For my fifth and final TeachEcoKnowmics blog post, I decided to watch and comment on The Wall Street Journal's video: "A Timeline of Liz Truss’s 45 Days as U.K. Prime Minister." In this video, viewers are taken through the election and eventual resignation of former UK Prime Minister Liz Truss. We see how her 45 days in office began, with the death of Queen Elizabeth and her finance chancellor's bold claims about cutting the basic rate of income tax. As mentioned in the video, shortly after his presentation, the pound began to lose its value, and the cost of borrowing money from the government skyrocketed. Truss's claims about cutting the income tax rate sparked a backlash among various famous organizations…
This Wall Street Journal video reflects on a turbulent period during which Britain, a significant player in the EU and globally, experienced a remarkably brief leadership term of only 45 days under a leader with highly ambitious yet ultimately unfeasible objectives. These objectives resulted in detrimental outcomes for the nation's future.
Liz Truss' conservative approach aimed at stimulating economic growth through income tax reductions, hoping to benefit the majority of the British population, faced widespread criticism. Notably, figures like Joe Biden and backlash from both citizens and markets indicated the counterproductive effects of her policies. Liz Truss's ambition for economic expansion encountered immense challenges, leading to her reconsidering and retracting her tax cut proposals under intense political pressure, marking…
After watching the WSJ video on ‘A Timeline of Liz Truss’s 45 Days as U.K Prime Minister”, it was very interesting looking back at a tumultuous time in which Britain, one the main powers of the EU and world, only had leader for 45 days who had extremely unattainable goals, which caused more harm than good for the future of the country. She had a conservative policy that focused on income tax cuts to hopefully benefit the people, and in the end shift to more growth for the United Kingdom. Proposing to cut tax rates drew criticism from Joe Biden to backlash amongst the citizens and markets, and this seemed to backfire for Truss, and her goal of growth seemed…
https://teachecoknowmics.wixsite.com/website-3/post/the-unfolding-of-the-uk-s-prime-minister
Liz Truss was an ineffective and indecisive leader in modern British history. She could not fulfil her commitment to her tax cut plan, and also fired her economic minister because of her indecisiveness. Furthermore, Liz Truss created a debt crisis in the UK because of her failed 45 billion pound tax plan. Also, The video also shows how top economic officials in a nation have to speak carefully when addressing the public. This is because if they say the wrong thing it may scare off investors, which will negatively affect the market. Ironically, Truss proclaimed that she is a "fighter" but only after 49 days she resigned. This lead to public confidence in the British government to dwindle. Additionally,…
Blog: https://teachecoknowmics.wixsite.com/website-3/post/the-unfolding-of-the-uk-s-prime-minister
Section: Globalization
Blog Title: The Unfolding of the UK Prime Ministers
Video Attached to Blog: https://www.youtube.com/watch?v=6GiJ8iqycLg
Video Title: A Timeline of Liz Truss’s 45 Days as U.K. Prime Minister | WSJ
Comment:
The video demonstrated a prime minister of the U.K. who resigned only after 45 days due to incompetence. Although the video doesn't specify exactly why she quit, I find it ironic that she exclaimed that she is "a fighter" and "not a quitter." Although her courses of action were unsuccessful, if she truly had the desire to be prime minister, then I would recommend not quitting right away but trying to learn first and see how that goes. However, given that she…
For my fifth and final TeachEcoKnowmics blog post, I decided to watch and comment on The Wall Street Journal's video: "A Timeline of Liz Truss’s 45 Days as U.K. Prime Minister." In this video, viewers are taken through the election and eventual resignation of former UK Prime Minister Liz Truss. We see how her 45 days in office began, with the death of Queen Elizabeth and her finance chancellor's bold claims about cutting the basic rate of income tax. As mentioned in the video, shortly after his presentation, the pound began to lose its value, and the cost of borrowing money from the government skyrocketed. Truss's claims about cutting the income tax rate sparked a backlash among various famous organizations…
This Wall Street Journal video reflects on a turbulent period during which Britain, a significant player in the EU and globally, experienced a remarkably brief leadership term of only 45 days under a leader with highly ambitious yet ultimately unfeasible objectives. These objectives resulted in detrimental outcomes for the nation's future.
Liz Truss' conservative approach aimed at stimulating economic growth through income tax reductions, hoping to benefit the majority of the British population, faced widespread criticism. Notably, figures like Joe Biden and backlash from both citizens and markets indicated the counterproductive effects of her policies. Liz Truss's ambition for economic expansion encountered immense challenges, leading to her reconsidering and retracting her tax cut proposals under intense political pressure, marking…
After watching the WSJ video on ‘A Timeline of Liz Truss’s 45 Days as U.K Prime Minister”, it was very interesting looking back at a tumultuous time in which Britain, one the main powers of the EU and world, only had leader for 45 days who had extremely unattainable goals, which caused more harm than good for the future of the country. She had a conservative policy that focused on income tax cuts to hopefully benefit the people, and in the end shift to more growth for the United Kingdom. Proposing to cut tax rates drew criticism from Joe Biden to backlash amongst the citizens and markets, and this seemed to backfire for Truss, and her goal of growth seemed…