British PM Liz Truss fires finance minister Kwasi Kwarteng- QHN


Chancellor of the Exchequer Kwasi Kwarteng (second left) arrives at London Heathrow Airport on October 14, 2022.
Chancellor of the Exchequer Kwasi Kwarteng (second left) arrives at London Heathrow Airport on October 14, 2022. (Andrew Matthews/PA Images/Getty Images)

Liz Truss has made the toughest decision of her political career and sacked her finance minister, Kwasi Kwarteng, just weeks after he was appointed to the role.

A senior government official explained to CNN that speculation of the Kwarteng’s future, following the economic fallout from his now-infamous mini-budget three weeks ago, had become a political distraction that didn’t help the country move on.

Whether or not that turns out to be the case remains to be seen.

Kwarteng was much more than a colleague to Truss. The two had become the darlings of the low-tax, free-market Conservative right who saw the resignation of Boris Johnson as a chance to finally install the libertarian, de-regulating government of their dreams.

Chancellor of the Exchequer Kwasi Kwarteng, and Prime Minister Liz Truss during the Conservative Party annual conference at the International Convention Centre in Birmingham, England, on October 2.
Chancellor of the Exchequer Kwasi Kwarteng, and Prime Minister Liz Truss during the Conservative Party annual conference at the International Convention Centre in Birmingham, England, on October 2. (Stefan Rousseau/PA Images/Getty Images)

The government’s tax-cutting mini-budget was as much Truss’s as it was Kwarteng’s. By throwing him under a bus in order to save her premiership, she has also ditched the very economic plan that got her elected as Conservative leader a little over one month ago.

Abandoning her agenda and sacking her ideological ally could lead to Conservative MPs and voters alike wondering: exactly what is the point of Truss?

And Kwarteng, humiliated by one of the biggest rejections from the very free markets he wanted to embrace, is as well-placed as any former cabinet minister now sat on the backbenches, should he want to exact any sort of revenge on the Prime Minister.

Note:- (Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor. The content is auto-generated from a syndicated feed.))

Leave a Reply

Your email address will not be published. Required fields are marked *