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Joe Biden is set to release a statement following the resignation of Prime Minister Liz Truss, his top aide has said. Speaking moments after Ms Truss announced her departure outside Downing Street, White House Chief of Staff Ron Klain insisted the US-UK “special relationship” will remain strong. Ms Truss’ decision to step away from her role followed a topsy turvy 44 days featuring the hiring and firing of her chancellor, Kwasi Kwarteng. It was Mr Kwarteng who announced the doomed ‘mini budget’ on September 23, delivering the new leader’s vision of “trickle down” economics – a vision President Biden labelled a “mistake”.
A leadership election in the Conservative Party is expected within the next week.
Mr Kain old MSNBC in a televised interview: “Our country’s always had a special relationship with the United Kingdom without regard to the partisan affiliation of our president or the politics of their prime minister.
“That’s going to continue no matter who the UK picks as their next prime minister.”
Mr Kain added: “We’re going to work very, very closely with whomever succeeds Prime Minister Truss.”
Last weekend, President Biden raised eyebrows with his comments from an ice cream shop in Oregon after being asked about Ms Truss’ economic policy.
He told reporters: “I wasn’t the only one that thought it was a mistake.
“I think that the idea of cutting taxes on the super-wealthy at a time when … I disagree with the policy, but it’s up to Britain to make that judgment, not me.”
Soon after, new Chancellor, Jeremy Hunt, had overturned most of Mr Kwarteng’s pledges, including the decision to cut the basic rate of income tax to 19 percent.
The drastic U-turn was taken to calm markets. After Mr Kwarteng’s announcement, the pound fell to an historic low against the dollar – to $1.03.
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