Downing Street announced the identity of his successor after Finance Minister Quasi Quarteng was sacked on Friday.
TookBritain’s Finance Minister Quasi Quarteng, who urgently returned from the United States on Friday, has been sacked amid the economic and political crisis, British media announced on Friday.
His budget plan announced on 23 September, which provides for tens of billions in tax cuts without explicit funding, has destabilized markets, caused the pound to fall and deeply undermined Prime Minister Liz Truss’s government. Is. The latter also announced a press conference this afternoon.
Jeremy Hunt takes over the ministry
Downing Street announced that Jeremy Hunt had been appointed finance minister by Prime Minister Liz Truss on Friday. The former foreign affairs and health minister, 55-year-old Jeremy Hunt, was a candidate to succeed Boris Johnson as prime minister this summer, before joining Rishi Sunak against Liz Truss.
Quarteng would have served as Chancellor of the Exchequer for 38 days. Only Ian McLeod was short-lived, reports the BBC, who died of a heart attack 30 days after taking office.
Quasi Quarteng confirmed his dismissal on Twitter. “You asked me to resign as Chancellor of the Exchequer”, “I accepted”, wrote Kwasi Quarteng in a letter to the head of government published on his account, having served as head of the Treasury for more than a month. In.
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