Kwasi Kwarteng

UK Treasury Chief Out As Prime Minister Plans U-turn

Embattled British Prime Minister Liz Truss has fired her Treasury chief ahead of an announcement on changes to an economic package that sparked market turmoil.
By DANICA KIRKA and JILL LAWLESS, AP

UK Scraps Tax Cut For Wealthy That Sparked Market Turmoil

Treasury chief Kwasi Kwarteng announced a U-turn over an unfunded tax cut unveiled just days ago that proved unpopular even with his Conservative Party.
By Jill Lawless, AP