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Reuters
Reuters
Business
By Alistair Smout and Elizabeth Piper

UK's Truss sacrifices close friend Kwarteng over unloved fiscal plan

Kwasi Kwarteng Liz Truss Britain Conservative Party Tom Scholar Bank of England
FILE PHOTO: British Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng attend the annual Conservative Party conference in Birmingham, Britain, October 2, 2022. REUTERS/Hannah McKay

He was one of her closest friends and supporters, but Prime Minister Liz Truss sacked Britain's first Black finance minister Kwasi Kwarteng just 38 days into the job.

Such was Kwarteng's ideological alliance with Truss that some insiders said the two all but shared the same brain, at least in their commitment to small-state, free-market economics.

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