Britain Finance Minister Kwasi Kwarteng: Britain’s Finance Minister Quasi Quarteng has been sacked. There was a demand for his removal from this post for several days. Prime Minister Liz Truss had to face opposition from MPs from her own party to remove Quasi. In fact, ever since Liz Truss took office, the government seems to be battered on the economic front. Former cabinet minister Jeremy Hunt has been made finance minister in place of Quasi Quarteng.
The mini budget of the Truce government was presented recently, which proved to be a failure in controlling inflation. After this, many MPs gave an ultimatum to Liz Truss that if Finance Minister Quasi Quarteng is not removed, then PM Liz Truss will have to face rebellion. Let us tell you that Prime Minister Liz Truss was about to make economic announcements for the market, but before that the news of the sacking of the Finance Minister came.
#UPDATE UK finance minister Kwasi Kwarteng has been sacked, the BBC and Sky News reported on Friday quoting unnamed sources, as Prime Minister Liz Truss tries to save her beleaguered premiership pic.twitter.com/iXToKE1lzA
— AFP News Agency (@AFP) October 14, 2022
Rishi Sunak’s apprehensions turned out to be true?
People are upset due to uncontrollable inflation in Britain. On social media, people have started campaigning for the return of former Finance Minister Rishi Sunak. People are showing the most anger that the apprehensions expressed by Sunak about Liz Truss’s economic policies in the Prime Minister’s Race Debate are proving to be true. In the mini budget, the Truss government cut the tax, but gave a rebate of 19 percent to the middle class and 45 percent to the rich. In addition, the British pound reached a 50-year low against the dollar. The Central Bank has to pay the liabilities.
So will Rishi Sunak return?
Rishi Sunak, who lost in the voting of the members of the Conservative Party in the election of PM, is currently in a state of wait and watch. Sunak has the support of more MPs than the truss. In the final voting of MPs, Sunak got 137 votes of Conservative Party while Liz Truss got 113 votes.
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