UK’s Finance Minister, Kwasi Kwarteng Has Been Sacked

British Prime Minister Liz Truss have sacked United Kingdom’s minister of finance, Kwasi Kwarteng.

The chancellor of the exchequer was dismissed in person by Truss after he rushed back early from international meetings in Washington, and before she was due to hold her first Downing Street news conference at 2:30 pm (1330 GMT).

Former foreign secretary and former Tory leadership candidate Jeremy Hunt has been appointed as Kwarteng’s replacement, making him Britain’s fourth finance minister this year.

“You have asked me to stand aside as your chancellor. I have accepted,” Kwarteng wrote in a letter to Truss, who only succeeded Boris Johnson on September 6.

But he insisted that their economic programme was needed because “the status quo was simply not an option”.

In reply, Truss wrote that Kwarteng had “put the national interest first”.

“I know that you will continue to support the mission that we share to deliver a low-tax, high-wage, high-growth economy that can transform the prosperity of our country for generations to come,” she said.