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BREAKING: UK Finance Minister, Kwasi Kwarteng, Sacked

UK finance minister Kwasi Kwarteng has been sacked, the BBC and Sky News reported on Friday quoting unnamed sources, as Prime Minister Liz Truss tries to save her beleaguered premiership.

The BBC said Kwarteng, who only on Thursday said he was “not going anywhere” despite market turmoil at the government’s controversial economic plans, was “no longer chancellor”.

Kwarteng also confirmed that he had been sacked as UK finance minister by his ally Prime Minister Liz Truss, after market turmoil caused by the pair’s contentious economic plan.

“You have asked me to stand aside as your Chancellor (of the Exchequer). I have accepted,” he wrote in a letter to Truss and published on his Twitter account.

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