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Kwarteng Sacked As Chancellor-BBC; No Sign Of Replacement

UK

BBC now confirming today's worst-kept-story, saying that Chancellor of the Exchequer Kwasi Kwarteng has been removed from office amid a major political and financial market pushback against the economic plans put forward in the 23 September 'fiscal event'.

  • Truss set to speak in around 90 mins on the economic situation.
  • Steven Swinford at The Times: "Who will Liz Truss's new chancellor be? I'm told it's NOT Sajid Javid and that Jeremy Hunt is currently out of the country Otherwise it's currently a guessing game - [former chancellor] Zahawi, [Leveling Up Secretary Simon] Clarke and [former Treasury minister Steve] Barclay among names doing rounds but nothing certain yet"
  • Kwarteng now sits as the second-shortest tenured Chancellor of the Exchequer, ahead of Iain Macleod, who died after 30 days in office.
  • Ipsos release their latest opinion poll: LAB: 47% (+7), CON: 26% (-4), LDM: 10% (-3), Fieldwork 5 - 12 Oct. Changes from September

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