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UK finance minister Kwarteng has been sacked - BBC

Published 14/10/2022, 12:31
© Reuters. Chancellor of the Exchequer Kwasi Kwarteng leaves Heathrow Airport in London, Britain, October 14, 2022. REUTERS/Peter Nicholls

LONDON (Reuters) -Britain's finance minister Kwasi Kwarteng has been sacked after less than six weeks in the job, the BBC reported on Friday, as the government's massive tax cuts sparked financial market turmoil.

Kwarteng is no longer chancellor of the exchequer, the BBC said. The Times newspaper reported earlier that Kwarteng was expected to be sacked.

His sacking makes Kwarteng Britain's shortest serving chancellor since 1970, and his successor would be the UK's fourth finance minister in as many months as the nation grapples with a cost-of-living crisis.

Latest comments

All theatre. hyperinflations and famine are coming.
Get ready for the next installment of "Deckchair Arranging" folks. Just stating the obvious!!!!!
Truss is a coward.
Suprised no one’s is playing the race card …YET.!
Typical white nob h comment. Someone who’s never been discriminated in his life due to the colour of his skin yet he thinks he’s qualified to make such comment with regards to racism.
Only the current set of asswipe tories could create this mess. Racism isnt ever a factor in uk polotics, sheer incomptance prevails. Thankfully this isnt the met police
Dont mess with the MMs
The money always win.
The future is in turmoil
U stupid Brits will regret this
At least we have a very diverse cabinet lol
😂😂😂
Well that was quick
he should have listened to those who know best
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