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Times-Kwarteng To Be Sacked As Chancellor

UK

Steven Swinford at The Times: "I'm told that Kwasi Kwarteng is being sacked as Chancellor as Liz Truss prepares to reverse the mini-Budget. Not clear who will be replacing him. Events moving very, very quickly this morning. No 10 not commenting."

  • Unconfirmed: sacking the chancellor after just over a month in office poses significant reputational risk to PM Truss, but given the growing opposition from within the Conservative party there may be no option.

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