UK’s Chancellor of the Exchequer, Kwasi Kwarteng, has been sacked by Prime Minister Liz Truss.
This comes weeks after he announced unfunded tax cuts which triggered financial turmoil in the UK.
Kwarteng was sacked following a meeting with PM Liz Truss at Downing Street after cutting his visit to the US short.
In a letter, Kwasi Kwarteng confirmed his sack backing Truss’s economic “vision” for the United Kingdom.
— Kwasi Kwarteng (@KwasiKwarteng) October 14, 2022
He noted that he will continue to offer support from the backbenches.
Meanwhile, information gathered suggest that a group of senior Conservatives are planning to call on Liz Truss publicly to resign following the sack of Kwasi Kwarteng as chancellor.
Kwasi Kwarteng was appointed Chancellor of the Exchequer on 6 September 2022.
He was previously Secretary of State at the Department of Business, Energy and Industrial Strategy between 8 January 2021 and 6 September 2022.
He was also the Minister of State at the Department of Business, Energy and Industrial Strategy before his appointment.