UK finance minister Kwarteng confirms he has been sacked

  • 📰 Reuters
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

British finance minister Kwasi Kwarteng confirmed on Friday he had been sacked by Prime Minister Liz Truss, becoming the third chancellor to leave the government this year.

"You have asked me to stand aside as your Chancellor. I have accepted," Kwarteng said in a letter to Truss, which he published on Twitter.

His removal comes after media reported he was being sacked before a news conference by Truss when she is expected to scrap parts of their economic package in a bid to survive the market and political turmoil gripping the country."It is important now as we move forward to emphasise your government's commitment to fiscal discipline.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The Zelensky curse. The third time will be deadly. U.K most stop involved in Ukraine not their business. IMF is coming.

What a failed flah experiment

Kwarteng was a Kennedy Scholar at Harvard University, then earned a PhD degree in economic history from the University of Cambridge. We need a smart thinker of economic policy of our time. Simply Knowing economic formula of the past does work much at our time. Kwarteng proved it.

It was never going to last.

Got in, shorted the pound Got out Fuck the rest of us They made their money

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.K. Treasury Chief Kwasi Kwarteng Fired Amid Market PressureU.K. Prime Minister Liz Truss fired Treasury chief Kwasi Kwarteng, in an attempt to salvage her tenure following pressure from her Conservative Party and international markets. Get tf white people back in those seats, man. 🧐 Poll: AbolishBigotry? One small step for man.😌
Source: WSJ - 🏆 98. / 63 Read more »

U.K. Finance Minister Kwasi Kwarteng Fired After Economic Policy FalloutKwarteng, a close ally of U.K. Prime Minister Liz Truss, has come under heavy criticism for his mini-budget which triggered a slump in the pound and other economic problems in the country. Poll: AbolishBigotry? omg you mean after 2 whole weeks, the country still thinks it was the tax cut announcement that caused the market turmoil? Is everyone on crack?😖 aldotjahjadi8 Credibility is expensive
Source: Forbes - 🏆 394. / 53 Read more »

U.K. finance minister Kwasi Kwarteng ousted after tax cut plan causes chaosHe spent an immense amount of political capital attempting to implement a tax cut plan that roiled markets.
Source: axios - 🏆 302. / 63 Read more »