Kwasi Kwarteng is no longer a UK chancellor.
Through his twitter account, Kwarteng confirmed that he was sacked by Prime Minister Liz Truss rather than choosing to leave.
It means Kwarteng is the second shortest-serving UK chancellor on record.
UK has had four chancellors, including Nadhim Zahawi who served the third shortest tenure with 63 days during a short-lived reshuffle under Boris Johnson, and Sajid Javid who served 204 days – the fourth shortest tenure since the Second World War.
The shortest serving chancellor, Iain Macleod, died of a heart attack 30 days after taking the job in 1970.
Kwarteng’s twitter post read:
“For too long this country has been dogged by low growth rates and high taxation – that must still change if this country is to succeed. It is important now as we move forward to emphasize your government’s commitment to fiscal discipline. The Medium-Term Fiscal Plan is crucial to this end, and I look forward to supporting you and my successor to achieve that from the backbenches. We have been colleagues and friends for many years. In that time, I have seen your dedication and determination. I believe your vision is the right one. It has been an honor to serve as your first chancellor. Your success is this country’s success and I wish you well.” Kwarteng stated.
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