Kwasi Kwarteng has been sacked as the Chancellor of the Exchequer after just five weeks in the job, reports have confirmed.
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.
New Prime Minister Liz Truss, who only appointed her ideological ally as Chancellor in early September, has already performed a number of screeching u-turns on the pair's flagship plans and is expected to do another on Corporation Tax today.
