Kwasi Kwarteng has been fired as Chancellor by Prime Minister Liz Truss over the fallout from his mini-budget, according to reports.
Truss’s decision to sack Kwarteng comes as she attempts to reverse last month’s mini-budget, which sparked the pound falling to its lowest-ever value against the dollar and put UK pension funds at risk of collapse.
Kwarteng only took up the position on September 6, making him one of the shortest-ever serving Chancellors.
