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The National (Scotland)
The National (Scotland)
National
Ninian Wilson

Kwasi Kwarteng SACKED as chancellor over mini-budget reversal

Kwasi Kwarteng Liz Truss

KWASI Kwarteng has been fired as chancellor by Prime Minister Liz Truss over the fallout from his mini-budget.

Truss’s decision to sack Kwarteng comes as she attempts to reverse last month’s mini-budget, which sparked the pound falling to its lowest-ever value against the dollar and put UK pension funds at risk of collapse.

Kwarteng only took up the position on September 6, making him one of the shortest-ever serving chancellors.

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