Kwasi Kwarteng sacked as Chancellor by Liz Truss ahead of mini-budget u-turn

Caption: Chancellor of the Exchequer Kwasi Kwarteng arrives in Downing Street, London, after returning from the US ahead of schedule for urgent talks with Prime Minister Liz Truss as expectations grow that they will scrap parts of their mini-budget to reassure markets. Picture date: Friday October 14, 2022. PA Photo.

Ms Truss called her close ally to No 10 on Friday morning where she informed him that he was being fired as Chancellor, in an attempt to ensure her former right-hand man carried the can for turmoil in the financial markets since his fiscal statement last month. The pair are understood to have held a series of tense talks over the last 48 hours after Ms Truss pushed for him to water down some of his biggest tax cuts, including the decision not to increase corporation tax.

She used him she should go as well

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Liz Truss called Kwasi Kwarteng this morning where she informed him that he was being fired as Chancellor 🔴 The pair are understood to have held a series of tense talks over the last 48hrs after Truss pushed for him to water down some of his tax cuts

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