British Prime Minister Liz Truss sacks Finance Minister Kwasi Quarting.
According to British media, he may leave his post after the budget proposal was criticized.
Britain Prime Minister Liz Truss sacks Finance Minister Kwasi Quarting.
The announcement comes after the Finance Minister’s supplementary budget proposal, which drew huge criticism.
You have asked me to step down as your finance minister. I accepted,” he wrote on Twitter.
Earlier in the day, the chancellor had to boycott his US visit to return to the UK to meet with Truss, according to Sky News.
take charge
Liz Truss will hold a press conference at 15.00 Swedish time. British media said it was expected to radically change the budget proposal.
With Kwarteng losing his job, he became the minister who held office for the second shortest time ever.
Ian MacLeod died of a heart attack 30 days after taking office in 1970. He is the shortest person in the position, according to the BBC.
Later in the afternoon, the Prime Minister announced that Jeremy Hunt would take over as the new Finance Minister. The BBC reports that he will become the fourth Secretary of the Treasury in 2022.
William Shakespeare is a contributor to Dealmakerz, covering news, politics, business, technology, sport, entertainment, and lifestyle. He focuses on clear, accurate reporting and useful information that helps readers stay informed about current affairs and developments that matter to them. His work highlights relevant stories, emerging trends, and key issues, presenting them in a balanced, accessible, and reader-friendly way.
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