Liz Truss sacks Kwasi Kwarteng before corporation tax U-turn
by Peter Walker, Pippa Crerar and Rowena Mason from World news | The Guardian on (#64QEN)
Chancellor shares letter saying he has accepted prime minister's request for him to stand aside
Liz Truss has sacked Kwasi Kwarteng and her chancellor and replaced him with Jeremy Hunt ahead of a U-turn on key sections of her disastrous mini-budget, as she launched a desperate attempt to restore her crumbling political authority.
In a rapidly-moving sequence of events, the prime minister first dismissed Kwarteng, her long-time friend and ideological ally, as well as Chris Philp, the No 2 minister in the Treasury, who is being moved to the Cabinet Office.
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