UPDATED: UK PM Sacks Minister Of Finance Over Economic Crisis

Prime Minister of the United Kingdom, Liz Truss, has sacked her newly appointed Chief Minister of Finance, Kwasi Kwarteng, over the worsening economic crisis.

Kwarteng confirmed his dismissal in a letter posted on his Twitter handle on Friday.

Recall that Truss replaced former PM Boris Johnson after he resigned following the expression of loss of confidence in his leadership by his appointees, party members, and parliamentarians.

Their dissatisfaction was largely based on the unbearable financial problem bedeviling the nation coupled with Johnson’s violation of covid-19 lockdown rules set by him.

Less than two months after Truss’ appointment as UK PM, foreign media reports that the UK lawmakers and party members have not seen tangible signs that her team has what it takes to take the country forward.

But Truss, in a bid to do things right, sacked Kwarteng and shortly appointed Rt Hon Jeremy Hunt MP as the new minister of Finance.

In his reaction, Kwarteng stated that he has “accepted” the development.

He appreciated the PM for the short period he worked with her in the new role, adding he did his best to address “the economic environment” that “has changed rapidly”.

Speaking to the press, Truss implied that she was ambitious for the country and will not step down for anyone.

She assured UK citizens that she was firm in her resolve to reposition the country for good.

“I’m absolutely determined to see through what I promised – to deliver higher growth, more prosperous United Kingdom to see us through the storm we face.

“We’ve already delivered the energy price guarantee, making sure people aren’t facing huge bills this winter.

“It was right, in the face of issues we had, that I acted decisively to ensure we had economic stability – that is vitally important to people and businesses wright across our country,” she said.