Get all your news in one place.
100's of premium titles.
One app.
Start reading
The National (Scotland)
The National (Scotland)
National
Steph Brawn

'Out of his depth': Kwarteng urged to quit as Chancellor after destroying economy

CHANCELLOR Kwasi Kwarteng is being urged to quit after taking a “wrecking ball” to the UK’s finances.

The SNP and the Scottish Greens have both said Kwarteng must go after his tax-slashing mini-budget announcement sparked a week of economic turmoil.

In the aftermath of the Chancellor’s announcement – which included the abolition of the 45p income tax rate for people on more than £150,000 – the pound plummeted to a record low against the US dollar, before the Bank of England was forced to make an emergency intervention to save pensions.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.