U.K. Treasury Chief Kwasi Kwarteng Fired Amid Market Pressure

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U.K. Treasury chief Kwasi Kwarteng has been fired, as Prime Minister Liz Truss tries to quell a backlash over the government's economic plans

Mr. Kwarteng, who just three weeks ago presented the largest tax cuts since the 1970s, was replaced after markets balked at the scale of the borrowing required to fund the growth package. Ms. Kwarteng became the second-shortest-serving chancellor in recent British history.

 

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“... markets balked at the scale of the borrowing required to fund the package and her Conservative Party lawmakers protested potentially deep public-spending cuts.” And yet the previous plan — spending ‘n’ taxing — had taken the pound to $1.12. Not viable, then or now. endgame

MBuhari in his incompetence has retained Nigerian CBN Governor as well as Finance Minister,even when Nigerian economy is in its worst state. His incompetence & failures are defended by dumpster economists that populated his party. ProfOsinbajo officialABAT Omojuwa AyoOyalowo

MMT, a.k.a. Spendthrift Manifesto, still lives on.

YusufDFI Time to bring back RishiSunak 💯

One small step for man.😌

Poll: AbolishBigotry?

Get tf white people back in those seats, man. 🧐

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