Kwasi Kwarteng has been sacked as Chancellor of the Exchequer after just five weeks in the role.
Multiple outlets including the BBC have confirmed that the Chancellor has been removed from his role by Prime Minister Liz Truss.
He was summoned back to Downing Street from the United States today amid chaotic scenes following his disastrous mini-budget announcement last month. His announcement of billions of pounds of unfunded tax cuts shocked the markets and saw the pound crash.