UK Finance Minister , Kwasi Kwarteng Is Fired.<br />CNBC reports that after less than six weeks <br />of being the British finance minister, <br />Kwarteng has been asked to step down.<br />The economic environment has changed rapidly since we set out the Growth Plan on <br />23 September. In response, together with the Bank of England and excellent officials at the Treasury we have responded to those events, and I commend my officials for their dedication, Kwasi Kwarteng, via resignation letter.<br />It is important now as we move forward to emphasize your government’s commitment to fiscal discipline. The Medium-Term Fiscal Plan <br />is crucial to this end, and I look forward to supporting you and my successor to achieve <br />that from the backbenches, Kwasi Kwarteng, via resignation letter.<br />Last month, Kwarteng introduced a <br />controversial "mini-budget" that included <br />a large amount of unfunded tax cuts.<br />But the plan backfired <br />and caused significant <br />market turbulence. .<br />Truss has decided to reverse course.<br />We recognize because of current market issues we have to deliver the mission in a different way. And that’s what we are absolutely committed to do, U.K. Prime Minister Liz Truss, via CNN.<br />I am determined to deliver on what <br />I set out when I campaigned to be party leader. We need to have a high-growth economy but we have to recognize that we are facing very difficult issues as a country, U.K. Prime Minister Liz Truss, via CNN.<br />Truss has appointed Jeremy Hunt as the new Chancellor, <br />whom she says is “one of the most experienced and widely respected government ministers and parliamentarians.”.<br />Truss has appointed Jeremy Hunt as the new Chancellor, <br />whom she says is “one of the most experienced and widely respected government ministers and parliamentarians.”.<br />Critics say Truss' actions may <br />not be enough to save her job.<br />Changing the Chancellor doesn’t undo the damage that’s been done. We don’t just need a change in Chancellor, we need a change in government. This is a Tory crisis, made in Downing Street. , Rachel Reeves, Shadow Chancellor, via CNN
