British Prime Minister Liz Truss dismisses her finance minister Kwasi Kwarteng, veteran cabinet minister Jeremy Hunt replaces him
Financial upheaval sparked by the new government's September 23 plan to slash taxes - financed via billions in more borrowing - has subsided somewhat since the Bank of England intervened in bond markets.
Tony Travers, from the London School of Economics, told AFP news agency Kwarteng had been made "the fall guy for the government's mistakes" but the sacking had not taken the pressure off Truss or calmed the Tories.The promised tax cuts were the centrepiece of Truss's successful pitch to Tory party members that she rather than rival Rishi Sunak was the best candidate to replace Johnson.
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