kwasi kwarteng
Image credits: Reproduction/Twitter

UK Finance Minister steps down

British Finance Minister Kwasi Kwarteng confirmed this Friday (14) that he was fired by his long-time ally, Prime Minister Liz Truss, following market turbulence caused by the controversial economic plan drawn up by both.

“You asked me to step down as Finance Minister. I accepted,” Kwarteng wrote in a letter addressed to Truss and published on his Twitter account.

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Who holds the position?

Jeremy Hunt has been named the new Finance Minister. He was previously Minister for Foreign Affairs and Health and stood to succeed Boris Johnson as Prime Minister, before joining Rishi Sunak against Liz Truss.

(With AFP)

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