Britain's finance minister Kwasi Kwarteng has been forced from office just hours after arriving back to London from meetings in Washington, D.C.
Journalists raise their hands for questions as Britain's Prime Minister Liz Truss holds a news conference in the Downing Street Briefing Room in central London, Friday. Truss let go her finance chief Kwasi Kwarteng and reversed course on sweeping tax cuts.LONDON — British Prime Minister Liz Truss fired her finance minister and close ally Kwasi Kwarteng.
Shortly after sacking the finance minister, Truss held a news conference at Downing Street, and appeared visibly nervous, saying,"We need to act now to reassure the markets of our fiscal discipline." Kwarteng had to depart early from Washington, D.C., Thursday evening, where he had been meeting with counterparts at the International Monetary Fund. He and Truss held urgent talks in Downing Street shortly after his return to London.
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