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UK finance minister Kwarteng to be sacked - Times

Published 14/10/2022, 11:37
© Reuters. FILE PHOTO: Chancellor of the Exchequer Kwasi Kwarteng listens to British Prime Minister Liz Truss give a speech, during Britain's Conservative Party's annual conference in Birmingham, Britain, October 5, 2022. REUTERS/Toby Melville/File Photo

LONDON (Reuters) - Britain's finance minister Kwasi Kwarteng is to be sacked, The Times reported on Friday.

"I'm told that Kwasi Kwarteng is being sacked as Chancellor as Liz Truss prepares to reverse the mini-Budget," Steven Swinford, Political Editor of The Times, said on Twitter. "Not clear who will be replacing him."

The Treasury did not comment on the report.

Latest comments

The problem with UK is not similar to USA. Hence, the solution should be different. Firstly, people with bigger properties will have bigger mortgage and hence their income tax should be lifted so that they have enough money to remortgage. If this doesn't happen then house price collapse will start. Secondly, every employer especially FTSE100, FTSE250 and FTSE350 they should get the income/expenditure statement of every employee. Then employees who have extra money per month should put this money in the emergency fund paying 2% interest per year. This money will then be used by the UK Govt. to support struggling companies at the same rate 2%. Thirdly, consumption should be curtailed. For example: if we take an example of Nandos. If one Nandos restaurant needs 500 orders per month to break even then they should sell the food to make 5% profit. Similarly with other companies. Fourthly, jobs such as Cleaning, car wash etc should be "Do it yourself". That will reduce these costs.
Should be Liz leaving, Rishi would never have allowed it
Everyone is blaming someone without even proposing sth, who will gonna work under such situation?
Kwasi is not a problem. The situation UK is in at the moment is quite tricky.
Kwasi is part of the problem.
please explain how Kwasi is part of the problem?
corruption within government for a start. Truss should be investigated too. But being sacked should be the least of Kwasi's problems - in a world where the elite actually have to follow the low at least
Sorry, but ABOUT TIME!!!He's done more damage on his first day in work than a Bull in a China shop.
If true, that would be a spineless move. Truss should fall on the sword as well.
I think the whole government should be sacked
Liz Truss should be sacked as well. What has she done so far? a big fat borrowing of £250 billion. What's her plan to tame the inflation?
Had to be the black guy
Who will replace him? any ideas?
Putin
🤣🤣🤣🤣🤣🤣
Wouldn’t it be lovely we took Liz Truss with him him
Yes, obviously, not because of the ******he's caused
Is this because of his skin colour?
no, his incompetence and dining with hedge fund managers shorting the pound
I think it's more to with his involvement in spectacular levels of corruption. He should be facing criminal charges in my opinion.
Definitely…!!! It’s a shame he’s not gay and disabled.
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