LONDON — British Prime Minister Liz Truss fired her finance minister and close ally Kwasi Kwarteng. Then hours later, she announced a U-turn on their economic package, attempting to calm financial markets and reinforce her shaky leadership position little more than a month after taking office.
The government said former Health Secretary Jeremy Hunt is taking over as chancellor of the Exchequer, the United Kingdom's treasury. He is the fourth chancellor this year.
