Kwasi Kwarteng, Britain’s finance minister, was fired after less than six weeks on the job, according to the
The government’s significant tax cuts reportedly caused financial market instability, according to BBC.
According to the BBC, Kwarteng is no longer chancellor of the exchequer. Kwarteng was anticipated to be fired, according to an earlier report in The Times.
As the country struggles with a cost-of-living problem, Kwarteng’s dismissal makes him the British chancellor with the shortest tenure since 1970. His successor would be the UK’s fourth finance minister in as many months.