Kwasi Kwarteng has been fired as Britain's chancellor just weeks into the job, a senior source inside Downing Street has confirmed to CNN. Follow live updates 👉
"Like a wake": the mood in Britain's ruling party is bleak as Truss faces fury from lawmakersBritain's Prime Minister Liz Truss speaks during Prime Minister's Questions in the House of Commons in London, Engalnd, on October 12. The governing party of the United Kingdom thought they had it bad with scandal-stricken Boris Johnson wrecking their poll numbers and turning what was once called the natural party of government into an exploding clown car.
After her mini-budget -- which proposed unfunded tax cuts, huge government borrowing and let energy companies off from a windfall tax -- sent the pound tumbling and caused all manner of wider economic chaos, they are faced with the grim reality of having a leader they deem to be more damaging than Johnson but will be even harder to replace.
The mistakes in question were, most MPs agree, terrible communications from the government and trying to do too many things too fast, without being adequately funded.
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U.K. Treasury Chief Kwasi Kwarteng Fired Amid Market PressureU.K. Prime Minister Liz Truss fired Treasury chief Kwasi Kwarteng, in an attempt to salvage her tenure following pressure from her Conservative Party and international markets.
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Kwasi Kwarteng says he has accepted decision to stand aside as chancellorIn a statement, the now-former Chancellor of the Exchequer Kwasi Kwarteng says he has accepted the decision by U.K. Prime Minister Liz Truss to leave....
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Jeremy Hunt could become next UK finance minister - TimesFormer British foreign minister Jeremy Hunt will succeed Kwasi Kwarteng as the new finance minister, a reporter for the Times said on Friday, following media reports that Kwarteng has been sacked.
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U.K. bond yields continue to drop as Kwarteng flies back early from IMF meetingU.K. bond yields continued to drop on Friday, as Chancellor Kwasi Kwarteng flew back early from the International Monetary Fund meeting amid expectations the...
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UK government spokesperson declines to comment on report Kwarteng to be sackedA spokesperson for the British government said they were not commenting on speculation when asked about reports finance minister Kwasi Kwarteng was being sacked.
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