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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