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Home National & International

UK Finance Minister Kwasi Kwarteng Sacked By PM Liz Truss: Reports

Lagatar News by Lagatar News
October 14, 2022
in National & International
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Lagatar24 Desk

 

New Delhi, Oct 14: British Prime Minister Liz Truss has fired her finance minister Kwasi Kwarteng, the BBC reported on Friday.

According to the BBC, Kwarteng, who had just on Thursday declared that he was ‘not going away’ despite market upheaval over the government’s contentious economic policies, was no longer chancellor.

United Kingdom Finance Minister Kwasi Kwarteng has been sacked, reports UK Media

(Pic source: Reuters) pic.twitter.com/xCPYTUtzGG

— ANI (@ANI) October 14, 2022

Truss, who has only been in office for 37 days, will attend a press conference later on Friday, according to Downing Street, after Kwarteng was compelled to fly back to London from IMF meetings in Washington due to the upheaval.

According to the BBC, Kwarteng was fired. Downing Street opted not to respond.

If it is verified, Kwarteng would have the shortest tenure as chancellor since 1970, and his replacement would be the fourth finance minister to lead the nation in as many months.

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