WATCH: UK's Liz Truss has fired Finance Minister Kwasi Kwarteng - report
FILE PHOTO: British Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng. File picture: Hannah McKay/Reuters
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By Elizabeth Piper, William James and Alistair Smout
London - British Prime Minister Liz Truss has fired her Finance Minister Kwasi Kwarteng, the BBC reported on Friday, shortly before she is expected to scrap parts of his economic package in a bid to survive the market and political turmoil gripping the country.
Downing Street confirmed that Truss, in power for only 37 days, would hold a press conference later on Friday after Kwarteng was forced to rush back to London from IMF meetings in Washington to address the chaos.
The BBC said Kwarteng had been sacked. Downing Street declined to comment.
If that is confirmed, Kwarteng would become Britain's shortest serving chancellor since 1970, and his successor would be the country's fourth finance minister in as many months.
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