U.K. Finance Minister Kwasi Kwarteng Fired After Economic Policy Fallout

Kwasi Kwarteng, the U.K.’s Chancellor of the Exchequer, was sacked by Prime Minister Liz Truss on Friday morning after her government’s recent mini-budget—which promised large tax cuts for the wealthy—triggered major backlash both from the public and the markets in recent weeks.... [+]

delivers her keynote address on the final day of the annual Conservative Party Conference in Birmingham.the BBC, Kwarteng’s sacking is a prelude to an announcement by Truss, which will include u-turns on many key aspects of Kwarteng’s mini-budget. Earlier on Friday, Kwarteng met with Truss at 10 Downing Street after cutting short a trip to the U.S.

aldotjahjadi8 Credibility is expensive

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?😖

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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 »