Kwasi Kwarteng ‘to be fired by Liz Truss’ after fallout from the mini-Budget

Posted on October 14, 2022Comments Off on Kwasi Kwarteng ‘to be fired by Liz Truss’ after fallout from the mini-Budget

KWASI Kwarteng faces being SACKED by Liz Truss following the market meltdown unleashed by his mini-Budget.

The PM is reportedly lining up her Chancellor to be the fall guy as she looks to reset her battered premiership just weeks into the job.

Kwasi Kwarteng arrives back in London

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Kwasi Kwarteng arrives back in LondonCredit: PA

Mr Kwarteng this morning arrived back in London after cutting short his trip to Washington for crisis talks in Downing St with Ms Truss.

The PM will hold a press conference this afternoon where she is expected to u-turn on parts of her mini-Budget.

And in a bid to move on from a tumultuous first three weeks she is considering firing Mr Kwarteng as Chancellor, The Times reports.

The PM is likely to confirm that plans to scrap a rise in corporation tax next year will no longer go ahead.

This morning the Chancellor touched down in London after cutting short his US trip to hold urgent talks with Ms Truss. 

Rebellious Tory MPs are urging him to row back on his £45billion tax spree to calm the jitters in the money markets.

Mr Kwarteng yesterday admitted his “Growth Plan”, delivered less than three weeks ago, had caused some “turbulence”.



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