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UK finance minister Kwasi Kwarteng to be sacked, according to media reports
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The UK is set for its fourth finance minister in as many months amid media reports that incumbent Kwasi Kwarteng will be sacked on Friday.
Prime Minister Liz Truss will dismiss Kwarteng as part of a U-turn on the government's mini-budget announced last month, report the BBC, Sky and other political correspondents.
Kwarteng's financial plan -- which pledged billions of tax cuts funded by borrowing -- sparked market turbulence and an intervention from the Bank of England.
Read more on euronews.comAbout this in other media
Kwasi Kwarteng’s tax cuts will benefit richest amid dividend boom – report theguardian.com /1 year ago
IMF criticises Kwarteng again over tax cuts and energy package theguardian.com /1 year ago
Kwasi Kwarteng’s secret meetings with Saudi oil firms revealed theguardian.com /1 year ago
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