UK’s Kwarteng out as Truss plans ‘mini budget’ U-turn

British Prime Minister Liz Truss has dismissed her chancellor ahead of an expected announcent on changes to an economic package that triggered turmoil in financial markets.
Kwasi Kwarteng confirmed that he was asked to “step aside” on Friday.
His departure comes after a month in the job — and three weeks after he announced a tax-cutting “mini budget” that sent the pound plunging to record lows against the dollar.

Al Jazeera's Jonah Hill reports from London.

#aljazeeraenglish #BreakingNews #AlJazeeraLive #UK #UnitedKingdom #Kwarteng #Budget #Economy #LizTruss #fired

[darkuser]

I hope Kwarteng enjoys his new position beneath the bus he's been thrown under!

[generalstack]

Can’t believe they fired him. That’s ridiculous he had to take the fall on a plan that the leaders all agreed to. That’s typical pass the buck behavior

[KamiTenchi]

Yesterday He said he wasn't going anywhere...How Ironic.

[adstix]

The unseen financial powers that-be have finally made a sacrificial lamb of Kwarteng!
They were never really comfortable with him in that position from the get-go!
This was their perfect opportunity!

[josephkaembamusonda]

Thrown under the bus alone after planning as a group.

[amir_fahmi]

Senate passed $12 billion latest aid for Ukraine -

1. 25 Republicans voted no.
2. All Democrats voted yes.

[pinkkoffee]

When will black ppl ever leaen that just bc u date/marry wyt don't mean their gonna truly accept u &give u total control!

[Rafaelnk]

Barely 2 months and they're now discussing about Liz's successor😆

[xkr]

Lmao. Should have been truss as well.

[kaydenpat]

😂😂 Tories are pure jokes. They need to get their act together.

[Brightly]

It is useless, the main reason is "Full sanctions" on Russia that caused all these dominos effects.
No packages will be workable until Btitish people "stop the govt from meddling in ukraine" .
Just look at "How much money being thrown away in this Ukraine adventure". But the British have to follow this "Hardships" in trusting the govt.
But of course if can accept these "hardships" in the name of Ukraine, then no comment.

[JOGA_Wills]

Wow! You Brits across the pond are smart tho, we gave away $1.2 trillion in tax cuts and every1 loved it. Now look at us drowning in inflation

[marisaJ]

I'm not sure how he didn't see his sacking coming. Let's hope she goes too. Truss stood by that budget and I'd just as responsible as Kwarteng.

[marcusaurelius]

In his letter he states that she asked him to stand down which he agreed to do, in her statement regarding his departure she thanks him for deciding to resign under the circumstances, lies and more lies from mendacity is

[salmanahjum-mathee]

This new administration is failing badly so far🤣🤣

[diazvirdani]

*UK🇬🇧 still occupied Anguilla, Bermuda, Virgin, Cayman, Falkland, Gibraltar, Montserrat, Pitcairn, Saint Helena, Ascension, Tristan da Cunha, South Georgia and South Sandwich, Akrotiri and Dhekelia, Turks and Caicos.*

[clinthughes]

As the minister is sacked the PM announces the plans and policies of lowering taxes will not

[gtfinancialservice]

The African-ancestry Kwarteng was never a serious chancellor for the uk and reflects poorly on the Lizzie's choice... A disastrous budget to make the rich richer and the poor poorer is a recipe for the disaster be felled on the Conservatives shows a complete disregard for the ordinary people doing it tough amidst rising prices and cost of living pressures... 🔥 🔥 🔥 🇬🇧 🇬🇧 🇬🇧

[riccccccardo]

This women is a mess I don’t even know where to start if she had any decency she’d resign herself. I mean she said re kwa she stands by him and all the policies then and now and will continue with them with the new chancellor INCREDIBLE and very contradictory! Get sunak in and stop prolonging the pain uk.

[maestrovso]

Kwasi's quasi baked economic plan will haunt him for life.