UK Finance Minister Kwarteng sacked after 38 days in office

Kwasi Kwarteng fired in UK

UK Prime Minister has Liz Truss has sacked Minister of Finance, Kwasi Kwarteng, BBC has reported

Before his removal from the office, The Times reported early Friday that the Chancellor of the Exchequer Kwasi Kwarteng would be sacked as the Premier prepares to reverse the mini-Budget,”

Kwasi becomes the second shortest-serving Chancellor after just 38 days in the job.

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Truss has decided to fire her minister after facing calls to drop parts or all of her economic plan to calm market turbulence and reassure her party.

Kwasi Kwarteng letter

 

“Kwasi Kwarteng has been sacked as chancellor, just weeks after he announced unfunded tax cuts that triggered financial turmoil

“Kwarteng met PM Liz Truss at Downing Street a little earlier, after cutting short a US visit and flying back to London,” BBC posted on its website.

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