UK's finance minister Kwarteng sacked by PM Truss

Published on 14 Oct 2022 9:08:45 PM

British Prime Minister Liz Truss fired her finance minister Kwasi Kwarteng on Friday (Oct 14), shortly before she is expected to scrap parts of their economic package in a bid to survive the market and political turmoil gripping the country.

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.