News / News at Six

PM sacks Kwarteng as Chancellor in dramatic series of u-turns

In a day of turmoil Liz Truss reversed planned cuts to corporation tax

14th Oct 2022

In the space of a few hours the Prime Minister sacked her Chancellor and ditched one of her key economic policies.

The Prime Minister admitted parts of her mini-budget went further and faster than the markets had expected.

But she insisted she was staying on at Number 10.

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