Kwarteng faces sack as chancellor as Liz Truss U-turns on his Budget

PA

Kwasi Kwarteng is expected to be sacked as chancellor of the Exchequer today, a senior source inside No 10 source has told The Independent.

There was no official confirmation from Downing Street of the expected move, which leaked out as Mr Kwarteng made his way back to central London from Heathrow after cutting short his visit to New York for meetings of the IMF and World Bank.