Truss pointed out - their (United Kindom's) taxes are at an all time high - a nation where debt is below that Atlantic financial adversary - U.S.
What she's saying by this is that, the sudden fall of the pound sterling (£) shouldn't be means for concern, as their debt ratio is healthier than that of the ($).
My initial take on policy was that - most of the U.K's business models are internationally bound - to stimulate activity in countries suffering most post covid - it's the expected policy.
In addition to respective assumption, Truss pointed out lowering corporate tax is in efforts to stimulate investment.
Respective reset has triggered uncertainty in financial market up against British assets, but such a reset - of long term bearings - seeks at stimulating business activity as opposed to milking corporate cash cows at a period where the world is still stabilizing from pandemic situate in addition the U.K further distinguishing itself from the eurozone with the push for Brexit, and furthermore, current unrest in former Soviet republics.
In order for policy to bear fruits - sought for investment and business stimulus ought to get into gear, and then some, in the shape of perception towards British fiscal policy, where financial market participants confide in British assets - elevating valuation.
If the thinking behind this is to have any substance - it surely won't take a few days after policy reset to read into financial market or quarters at that of the foreseeable future.
Source at discussion: https://edition.cnn.com/2022/09/23/uk/liz-truss-jake-tapper-interview-intl/index.html
Afterthought;
Those fuming over policy Uturn - aside from trickle down economics chatter - base argument on IMPORT IMPLICITIES such as raw materials, food imports, etc - which goes against the grain where policy looks towards stimulating longterm PRODUCTIVITY, INVESTMENT, and activity of internationally bound business models by seeing to it corporations aren't at an operational squeeze as a result of prior anticipated tax increments of 25% from 19%.
What would've materialized from increments? A doomed if I do, doomed if I don't scenario?
Her tenure is defenetly off with a bang regardless - and with such - along side tough measures to steer ship in direction best deemed fit.
