Joe.My.God. LGBT News
The BBC reports:
Kwasi Kwarteng has been sacked as chancellor amid intense speculation Prime Minister Liz Truss is about to junk key parts of their economic plan. Mr Kwarteng met Ms Truss for crunch talks in Downing Street after cutting short a US trip.
In a letter to the PM, Mr Kwarteng said her vision for economic growth was “right” and he still supported it. Ms Truss is expected to announce a U-turn on business tax cuts at a news conference in Downing Street at 14:30.
Former health secretary Jeremy Hunt – who backed Rishi Sunak in the Tory leadership contest – is to take over as chancellor. Ms Truss’s pledge to cut taxes was at the heart of the economic agenda that won her the Tory leadership at the start of September.
Read the full article.
Truss is about to speak live. Video below.
Kwasi Kwarteng no longer UK chancellor after mini-budget backlash https://t.co/sbyR8CZB9T
— BBC News (UK) (@BBCNews) October 14, 2022
CONFIRMED:
Chris Philp is out as Chief Secretary to the Treasury and will be replaced by Ed Argar
Not clear if anything’s happening with other ministerial roles
— Steven Swinford (@Steven_Swinford) October 14, 2022
NEW: Kwasi Kwarteng leaves the UK government, with Jeremy Hunt reportedly set to replace him as chancellor https://t.co/ePilhhjOis pic.twitter.com/Ni23vS5LqT
— Bloomberg TV (@BloombergTV) October 14, 2022
The UK could in 2022 have our third prime minister and fourth Chancellor of the Exchequer. In one year. The Conservative party post Brexit nervous breakdown continues. https://t.co/gK4pHMy3lp
— Gavin Esler (@gavinesler) October 14, 2022
Boris Johnson leaves office in disgrace. Tory members elect Liz Truss. Liz Truss seriously damages the economy and takes liberties with people’s finances. Tory MPs plot to replace her in a coronation. Something isn’t quite right with British politics.
— Matthew Stadlen (@MatthewStadlen) October 14, 2022