New British PM Liz Truss May Be Ousted From Job As President Biden Criticizes 'Mini-Budget'

After the catastrophic response to her ‘mini-budget’ policies that may have put the United Kingdom into a recession, British Prime Minister Liz Truss is reportedly battling to keep her position as even U.S. President Joe Biden found himself criticizing the policies.

Truss’s ‘mini-budget,’ which is a series of economic policies that she formulated with her former economic minister Kwasi Kwarteng, has become deeply unpopular for giving major tax cuts to the rich at a time of price inflation in the country, and has reportedly put the country on the road map to a recession.

“Folding in weaker growth momentum, significantly tighter financial conditions, and the higher corporation tax from next April, we downgrade our UK growth outlook further and now expect a more significant recession,” Goldman Sachs said in a statement.

The ‘mini-budget’ caused a massive fall in the value of the British pound when announced, forcing the Bank of England to intervene to keep the financial market’s stability. The criticism against the budget has been such that rumors of an ouster for Truss have escalated, despite being only in the position since September.

In response to the public outcry against it, Truss has folded back on many of the policies in the ‘mini-budget', including the tax cuts, and has fired Kwarteng for drafting the plan. Despite replacing Kwarteng with the more moderate Jeremy Hunt, calls for Truss to be ousted have remained, The Guardian reported.

“The prime minister says she is in charge but the evidence this weekend suggests she is in office but not in power,” Labour leader Keir Starmer said. “I think the game is up and it’s now a question as to how the succession is managed,” Tory Member of Parliament Crispin Blunt said. “If there is such a weight of opinion in the parliamentary party that we have to have a change, then it will be effected. Exactly how it is done and exactly under what mechanism … but it will happen.”

Jamie Wallis, who submitted a ‘no confidence’ letter against Truss’ leadership, said, “In recent weeks, I have watched as the government has undermined Britain’s economic credibility and fractured our party irreparably. Enough is enough.”

The calls for Truss’ resignation also come as President Biden criticized the ‘mini-budget’ policy when asked candidly by a reporter while visiting an ice cream shop in Oregon, calling the policies suggested by Truss "a mistake", BBC reported.

“Well, it's predictable. I wasn't the only one that thought it was a mistake,” he said. “I think that the idea of cutting taxes on the super-wealthy at a time when - anyway, I just think - I disagreed with the policy, but that's up to Great Britain to make that judgment, not me.”