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Published 1 year ago

UK Finance Minister Kwasi Kwarteng reportedly out after market chaos and tax-cutting plans

Summary by Ground News
British Finance Minister Kwasi Kwarteng was fired on Friday, amid mounting political pressure and market chaos after less than six weeks in the role. Prime Minister Liz Truss is reportedly set to announce that the government will abandon key fiscal policy pledges laid out in Kwarteng’s controversial “mini-budget” on Sep. 23, including vast quantities of unfunded tax cuts.

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