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Kwasi Kwarteng out as Chancellor

Liz Truss has sacked the Chancellor, Kwasi Kwarteng. His successor will be the fourth Chancellor in as many months.

The decision comes after turmoil in the markets following Kwasi Kwarteng's 'mini-budget'.

He flew home early from Washington this morning.

The Prime Minister is due to hold a press conference this afternoon (Friday 14th), in which it's expected more u-turns will be made on the 'mini budget'.

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