UK: Kwasi Kwarteng sacked as chancellor

Kwasi Kwarteng dismissed by British Prime Minister Liz Truss on Friday. Jeremy Hunt is appointed as the new finance minister of the UK, replacing Kwasi Kwarteng. The prime minister replied: “I deeply respect the decision you have taken today. You have put the national interest first … I know that you will continue to support the mission that we share to deliver a low tax, high wage, high growth economy.”