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Britain’s finance minister Kwasi Kwarteng has been sacked after lower than six weeks within the job, the BBC reported on Friday, as the federal government’s huge tax cuts sparked monetary market turmoil.
Kwarteng is not chancellor of the exchequer, the BBC mentioned. The Instances newspaper reported earlier that Kwarteng was anticipated to be sacked.
His sacking makes Kwarteng Britain’s shortest serving chancellor since 1970, and his successor could be the UK’s fourth finance minister in as many months because the nation grapples with a cost-of-living disaster.
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