Two weeks ago, the minister in charge of Britain's economy stood up in the UK Parliament

and gave a surprising speech.

I know called the Chancellor the Exchequer to make a statement, Janslach.

Thank you, Mr. Speaker.

The minister, Quasic Quartain, said the UK government planned to massively cut taxes,

including to the top rate paid by the highest earners.

High tax rates damage Britain's competitors.

They reduced the incentive to work, to invest, and to start a business.

The idea behind the tax cuts is to jumpstart a sluggish economy, but investors hated it.

Investors did not enjoy the announcement from the government on Friday.

The British pound crashed to a record low against the US dollar on Monday.

The UK economy has been in turmoil ever since.

The pound fell to its lowest value against the dollar in history, and the central bank

has had to intervene to calm the markets.

All this normally happens in a development country.

It does not happen in the G7 economy.

So this is historic.

It's bonkers.

It's bogus.

It's incredible.

What's happening to this country in real time?

Now, the British government is rushing to adapt its plan without losing face.

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