Kwasi Kwarteng Stepping Down as UK Chancellor of the Exchequer

Kwasi Kwarteng confirmed that Prime Minister Liz Truss asked him to leave his post as UK Chancellor of the Exchequer. Lizzy Burden reports on Bloomberg Television.

[true-liberal]

The problem is not the Liz, Boris or Sunak. Its the system that puts these people to benefit corporate/oligarchs/special interest ahead of commoners. I really don’t know kind of society/country we r running that doesn’t have future- From USA

[michaelpenco]

In a way, I thimk it may work in Kwasi favour because when the filth hits the fan, his name would not be called and I'm certain that a person so qualified would find alternative employment. That woman is mad!

[روح-در]

At first I thought he was the minister of Nigeria

[oliverlaw]

Kwasi Kwarteng did himself out of a job really.

You don't need a chancellor if there's no money.

[semp]

Lizzy is on fire today, loving every second of this train wreck. Me too.

[AH-fmrj]

Guys, BoE is flooding the market with money and the fire is not stopping. This is gonna be fun to watch on Monday.

[stuartclubb]

The level of incompetence mixed with malevolence against the average citizen almost approaches that of the administration across the pond.

[shielanunn]

Already...? SOMETHING tells me Truss will Soon be Going Herself..What a Right Royal Mess..

[Rnankn]

I think it is fair to say the government has lost the confidence of the nation. Defeat the government and call a general election. If Truss believes in her agenda, she should seek a mandate from the electorate.

[waynevanilla]

just yesterday or so he said he's not leaving smh

[bijunair]

0:03 Look at the reporter (lady) smile -- it could not have been more subtle. A mask could have helped her.

[christiansirnam]

So, is this like being relegated from the EPL to Sheffield Wednesday???

[theresamoore]

Thrown under the bus!! A sacrificial lamb to cure whatever ails the markets. Adios, Kwesi. We hardly knew you.

[jameswood]

So so sad to see this happening, NOT! Shambles complete disgrace.

[poetcomic]

After chatting in public with Truss, King Charles was seen by a lip-reader to say to himself "Oh dear, oh dear."

[lastChang]

Democracy works!
Can Chinese🇨🇳 Xi Jinping and his associates resign gracefully like this?

[kcthunder]

A very typical signature coming from a very incompetent and weak leader who dare not take any responsibility. This is just the beginning, more painful and stupid blunder coming from her, mark my word. Good luck to all the Brits, you gonna need it

[ghaziabu-dayyeh]

I'm so proud of Kwasi Kwarteg. He managed to do much damage to the British pound and the British financial markets in less than a month!! That's his unique way of taking revenge on behalf of his African ancestors on the British!!

[missbee]

The only solution is to massively reduce the size of government and government benefits to government employees.

[ssuwandi]

Finally a war economy minus consumer spending growth. Maybe the Gilt market can help.sort out long term shareholders esp. WEF expectations