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 (October 14) to be informed of his fate in a brief meeting with the Prime Minister, it was reported. The BBC says it understands that Kwasi Kwarteng is no longer chancellor.
It would mean Mr Kwarteng stayed in the job for a total of 38 days. Ms Truss will stage a press conference in Downing Street later on Friday in which she is expected to announce major changes to Mr Kwarteng’s £43 billion tax giveaway.
