US President Joe Biden brands Liz Truss's mini-budget a 'mistake'

Joe Biden has taken aim at Liz Truss's mini-budget that led to chaos on the markets and to her sacking Kwasi Kwarteng as Chancellor.

The Prime Minister replaced Kwarteng with former Foreign Secretary Jeremy Hunt on Friday after a day of turmoil in Westminster.

Ahead of a meeting between Biden and Truss in New York last month he hit out at "trickle down" economic policies, associated in the United States with former President Ronald Reagan and Republicans. His White House, though, had previously declined to comment on the Truss plan, which initially foresaw scrapping the 45 per cent top income tax rate in England and Wales.

Biden said: "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 - anyway, I just think - I disagreed with the policy, but that's up to Great Britain to make that judgment, not me."