Tezos

Kwasi Kwarteng has been sacked as chancellor

Creator

tz1WGoDArdPdHSXqkdPgr7gven7geDJaZKxu

Description

"Kwasi Kwarteng has been sacked as chancellor amid intense speculation Prime Minister Liz Truss is about to junk key parts of their economic plan. Ms Truss is expected to announce a U-turn on business tax cuts at a news conference in Downing Street. Former health secretary Jeremy Hunt - who backed Rishi Sunak in the Tory leadership contest - is to take over as chancellor. "For too long this country has been dogged by low growth rates and high taxation - that must change if this country is to succeed." The dramatic dismissal of Mr Kwarteng makes him the second shortest-serving chancellor after just 38 days in the job. A long-time ally of Ms Truss, Mr Kwarteng was seen as her political soulmate when he was appointed to the role on 6 September. For days, Ms Truss has faced calls to drop parts or all of her economic plan to calm market turbulence and reassure her party, which has slumped in the polls. Liberal Democrat leader Sir Ed Davey urged the prime minister to call a general election, accusing the Conservatives of mismanaging the economy. "It started with Boris Johnson failing our country, and now Liz Truss has broken our economy, it is time for the people to have their say in a general election," he said." 10/14/22 https://www.bbc.com/news/uk-politics-63257058

Traits

Tag

united kingdom

Tag

politics