Create account

Coverage dated October 13, 2022

U.K. leader Liz Truss sacks finance minister Kwasi Kwarteng after tax cut plans spark economic turmoil

Headline from CBS News

The "mini-budget" rolled out by the duo caused the pound to plummet in value, interest rates to soar, and sparked chaos in financial markets.

CBS News's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Read the reports

Reports & sources

6 articles, oldest first.

  1. France 24

    UK PM Truss sacks finance minister Kwarteng before expected ‘U-turn’ in economic plan (opens France 24)

    Published

    France 24's feed description

    British Prime Minister Liz Truss fired her finance minister Kwasi Kwarteng on Friday, shortly before she is expected to scrap parts of their economic package in a bid to survive the market and political…

  2. CBS News

    U.K. leader Liz Truss sacks finance minister Kwasi Kwarteng after tax cut plans spark economic turmoil (opens CBS News)

    Published

    CBS News's feed description

    The "mini-budget" rolled out by the duo caused the pound to plummet in value, interest rates to soar, and sparked chaos in financial markets.

  3. Forbes

    U.K. Finance Minister Kwasi Kwarteng Sacked After Economic Policy Fallout (opens Forbes)

    Published

    Forbes's feed description

    Kwarteng, a close ally of U.K. Prime Minister Liz Truss, has come under heavy criticism for his mini-budget which triggered a slump in the pound and other economic problems in the country.

  4. Al Jazeera

    UK’s Kwarteng out as Truss plans ‘mini budget’ U-turn (opens Al Jazeera)

    Published

    Al Jazeera's feed description

    Prime Minister Liz Truss fires Chancellor Kwasi Kwarteng ahead of expected U-turn on tax cut package.

  5. The Guardian

    Kwasi Kwarteng sacked as chancellor with Liz Truss expected to perform mini-budget U-turn – UK politics live (opens The Guardian)

    Published

    The Guardian's feed description

    Prime minister to hold Downing Street press conference after sacking her chancellor

  6. The Times of Israel

    UK’s under-fire leader Truss sacks Treasury chief Kwarteng, ditches reform plans (opens The Times of Israel)

    Published

    The Times of Israel's feed description

    Embattled PM tries to restore order after three weeks of turmoil sparked by the government’s tax-cutting 'mini budget'; Kwarteng replaced with former cabinet minister Jeremy Hunt

U.K. leader Liz Truss sacks finance minister Kwasi Kwarteng after tax cut plans spark economic turmoil | Since Then