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Kwasi Kwarteng, the U.K.’s Chancellor of the Exchequer, was sacked by Prime Minister Liz Truss after her government’s recent mini-budgetwhich promised large tax cuts for the Kwarteng has been fired just weeks into the job, after he and Prime Minister Liz Truss unveiled a disastrous financial plan that tanked UK markets and alarmed global British-born Ghanaian UK Finance Minister, Kwasi Kwarteng, has been relieved from his post by the British Prime Minister, Liz Truss. According to a Reuters report UK finance minister Kwasi Kwarteng was fired from his role on Friday, to be replaced by Jeremy Hunt. Kwarteng's tax cut proposals have rattled markets for weeks, with Britain's finance minister Kwasi Kwarteng has been sacked after less than six weeks in the job, the BBC reported on Friday, as the government's massive tax cuts sparked U.K. Finance Minister Kwasi Kwarteng has been fired by Prime Minister Liz Truss after the tax cuts he announced in September sent financial markets into a tailspin. In a

Kwasi Kwarteng Fired: UK Finance Minister Sacked After Just 6 Weeks in Office

UK Finance Minister Kwasi Kwarteng has been dramatically fired by Prime Minister Liz Truss after just six weeks in the job, the BBC reported on Friday. This follows the disastrous unveiling of the government's massive tax cuts, sparking turmoil in financial markets. The news comes as pressure mounts on Truss's leadership amidst the economic fallout from their recent policies.

Why Was Kwasi Kwarteng Sacked?

Kwasi Kwarteng, the U.K.’s Chancellor of the Exchequer, was sacked by Prime Minister Liz Truss after her government’s recent mini-budget, which promised large tax cuts. These proposals rattled markets for weeks, sending financial markets into a tailspin. The plan, unveiled with Truss, tanked UK markets and alarmed global investors.

Kwasi Kwarteng: From UK Finance Minister to Former Minister in Record Time

British-born Ghanaian UK Finance Minister, Kwasi Kwarteng, has been relieved from his post by the British Prime Minister, Liz Truss. According to a Reuters report, UK finance minister Kwasi Kwarteng was fired from his role on Friday, to be replaced by Jeremy Hunt. Kwarteng has been fired just weeks into the job, after he and Prime Minister Liz Truss unveiled a disastrous financial plan that tanked UK markets and alarmed global.

The Fallout from Kwarteng's Tax Cut Proposals

The tax cuts he announced in September sent financial markets into a tailspin. The sacking of Kwasi Kwarteng underscores the severity of the economic crisis facing the UK, triggered by the government's unfunded tax cut plans.

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