Kwasi Kwarteng Becomes Second Shortest-Serving UK Finance Minister After Dramatic Dismissal

British-born Ghanaian Kwasi Kwarteng has been relieved of his post as the UK Finance Minister amid speculation that Prime Minister Liz Truss is about to junk critical parts of their economic plan.

In a letter to the PM, Mr Kwarteng said Ms Truss’s vision for economic growth was “right” and he still supported it.

The prime minister has appointed former Health Secretary Jeremy Hunt – who backed Rishi Sunak in the Tory leadership contest – as the new chancellor.

“As I said many times in the past weeks, following the status quo was simply not an option,” Mr Kwarteng wrote in his letter.

“For too long this country has been dogged by low growth rates and high taxation – that must change if this country is to succeed.”

Responding to Mr Kwarteng in her own letter, Ms Truss said she was “deeply sorry” to lose him and thanked him for putting “the national interest first” by standing down.

“We share the same vision for our country and the same firm conviction to go for growth,” Ms Truss wrote.

Read his full letter below:

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