UK Prime Minister Sacks Treasury Chief Hours After He Arrives From US

[Epoch-Times-Bot]

UK Prime Minister Sacks Treasury Chief Hours After He Arrives From US

Prime Minister Liz Truss has fired the Chancellor of the Exchequer Kwasi Kwarteng and replaced him with Jeremy Hunt after markets reacted negatively to what they perceived as un-costed tax cut plans.
Kwarteng was ordered to fly home overnight from International Monetary Fund talks in Washington and was relieved of his duties by Truss, who is expected to announce a shift in financial policy during a press conference on Friday afternoon.
Kwarteng uploaded his resignation letter on Twitter and in it he said: “You have asked me to stand aside as your Chancellor, and I have accepted.”
Hunt is a former Foreign Secretary who ran in the summer’s leadership contest but bowed out early and gave his support to Rishi Sunak. He will be the fourth chancellor this year following Sunak, Nadhim Zahawi, and Kwarteng....

Source: UK Prime Minister Sacks Treasury Chief Hours After He Arrives From US

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