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Neil Shaw

Kwasi Kwarteng no longer Chancellor after mini-budget fiasco

Kwasi Kwarteng Liz Truss 10 Downing Street Greg Hands Rishi Sunak United States Washington D.C.

Kwasi Kwarteng has paid the price for the chaos unleashed by his mini-budget as he was reportedly sacked by Liz Truss.

The Chancellor flew back early from International Monetary Fund talks in Washington on Friday to be informed of his fate in a brief meeting with the Prime Minister, it was reported.

Kwarteng is the second shortest-serving UK chancellor on record. The shortest serving chancellor, Iain Macleod, died of a heart attack 30 days after taking the job in 1970, reports the BBC.

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