Kwasi Kwarteng sacked as chancellor after mini-budget turmoil
Kwasi Kwarteng has been sacked as chancellor three weeks after his mini-budget unleashed chaos on the economy.
He was appointed to the role by Liz Truss only 38 days ago, making him the second-shortest serving chancellor after Iain Macleod, who died a month after being handed the job by Edward Heath.
Number 10 announced an hour after his sacking that Jeremy Hunt was replacing him.
Mr Kwarteng’s downfall was set in motion by the mini-budget on 23 September, in which he announced £45bn in unfunded tax cuts.
The mini-budget pushed the pound to a record low against the dollar, sent the cost of government borrowing and mortgage rates up and led to an unprecedented intervention by the Bank of England.
Chris Philp, who was heavily involved in plans for the mini-budget, has also lost his job as chief secretary to the Treasury but has been moved to the Cabinet Office as paymaster general.
In Mr Kwarteng’s letter to Ms Truss accepting he had been sacked, he said: “You have asked me to stand aside as your chancellor. I have accepted.”
He said he accepted the job “in full knowledge that the situation we faced was incredibly difficult, with rising global interest rates and energy prices”.
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Moment Kwarteng sacking announced
But he said the PM’s “vision of optimism, growth and change was right” and “following the status quo was simply not an option”.
He finished his letter by saying they have been “colleagues and friends for many years” and he believes her “vision is the right one”.
“It has been an honour to serve as your first chancellor. Your success is this country’s success and I wish you well,” he wrote.
Moments later, he was seen leaving No 11 Downing Street and was driven away from the home he had only occupied for just over a month.
Ms Truss replied to his letter by saying she is “deeply sorry to lose” him from government and said “I deeply respect the decision you have taken today” – despite her sacking him.
She said they “share the same vision” for the UK and praised him for the energy price guarantee and the energy bill relief scheme, saying “thanks to your intervention, families will be able to heat their homes this winter and thousands of jobs and livelihoods will be saved”.
Ms Truss and Mr Kwarteng, who have been close friends for years, insisted that the turbulence in the UK economy was part of a global problem exacerbated by the war in Ukraine and post-pandemic recovery.
But last week, after open revolt by Tory MPs and a record surge for Labour in the polls, the prime minister announced the first major reversal of mini-budget policies when she backtracked on scrapping the 45p top rate of income tax.
Kwasi Kwarteng and Liz Truss have been close friends for a long time. Pic: Liz Truss/Instagram
The second U-turn is expected to come on Friday afternoon, with the government set to raise corporation tax from 19% to 25% next April, despite promising not to do so in the mini-budget.
Less than an hour earlier, Mr Kwarteng had landed back in London after cutting short meetings with the International Monetary Fund in Washington DC.
He had been due to make a medium-term fiscal statement on 31 October.
The Conservative Party has now had four chancellors in the past three years – Mr Kwarteng, Nadhim Zahawi, Rishi Sunak and Sajid Javid.
And the next chancellor, who will be chosen by Ms Truss, will be the seventh Tory chancellor in 12 years.
While the PM’s focus will be on choosing a new chancellor, there is set to be a renewed focus on whether Ms Truss can remain in the job.
A Tory MP told Sky News: “The idea that the prime minister can just scapegoat her chancellor and move on is deluded.
“This is her vision. She signed off on every detail and she defended it.”
Brazil’s former president Jair Bolsonaro has been sentenced to 27 years and three months in prison for attempting a coup to stay in power after his 2022 election defeat.
The far-right politician, who ruled Brazil between 2019 and 2022, is currently under house arrest in the capital, Brasilia.
A panel of five Supreme Court justices handed down the sentence several hours after they found the 70-year-old guilty on five counts.
The counts were trying to stage a coup, being part of an armed criminal organisation, attempting violent abolition of the democratic rule of law, being implicated in violence, and posing a serious threat to the state’s assets and listed heritage.
Bolsonaro‘s lawyers have said they will appeal the verdict.
Pic: AP
The ruling will deepen political divisions in Brazil and is also likely to prompt a backlash from the United States government – with Donald Trump already sharing his thoughts on the vote.
President Trump, an ally of Bolsonaro, has said he was surprised and “very unhappy” with the decision.
Speaking to reporters outside the White House, he said he always found Bolsonaro “outstanding” and said the conviction is “very bad for Brazil”.
Mr Trump previously called the case a “witch hunt”, slapped Brazil with tariff hikes, and revoked US visas for most members of Brazil’s high court.
Bolsonaro is the first former Brazilian president to be convicted of attempting a coup.
He has not attended the court proceedings, and on Thursday, he was seen at the garage of his property, but did not talk to the media.
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Justice Carmen Lucia. Pic: AP
Justice Alexandre de Moraes, who has been overseeing the case, said on Tuesday that Bolsonaro was the leader of a coup plot and of a criminal organisation, and voted in favour of convicting him. Justices Flavio Dino, Carmen Lucia, and Cristiano Zanin sided with Justice Moraes in the trial.
On Wednesday, another justice, Luiz Fux, disagreed and voted to acquit the ex-president of all charges.
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Justice Lucia said she was convinced by the evidence the attorney general’s office put forward against Bolsonaro, saying: “He is the instigator, the leader of an organisation that orchestrated every possible move to maintain or seize power.”
Bolsonaro had been previously banned from running for office until 2030 in a different case.
He is expected to choose an heir who is likely to challenge President Luiz Inacio Lula da Silva next year.
The FBI and officials have released new video and images of a “person of interest” in connection with the shooting of conservative activist Charlie Kirk, as the manhunt continues.
At a news conference on Friday, Utah Governor Spencer Cox showed video footage showing the suspect walking on the roof of the building from where the fatal shot was fired. He is then seen climbing down and heading toward a wooded area, where police say he abandoned his rifle.
Additional images released by police show the suspect wearing a hat, sunglasses, and a backpack.
Investigators have conducted nearly 200 interviews related to the case as 20 law enforcement partners are working on the investigation, Governor Cox said.
Prosecutors will seek the death penalty against the attacker, he said.
Follow the latest updates on Charlie Kirk’s killing
Authorities have released additional images of the attacker. Pic: Utah Public Safety
Earlier, authorities said the shooter was thought to have jumped off a roof and fled into a neighbourhood after firing one shot.
They also said the suspect was a male who “appears to be of college age” and blended in on the Utah Valley University campus in Orem, where Mr Kirk was killed.
Mr Kirk, a 31-year-old right-wing influencer, was fatally shot in the neck on Wednesday afternoon while speaking to university students at an event. He died in hospital after being shot.
Charlie Kirk hands out hats before speaking at Utah Valley University where he was later fatally shot. Pic: AP
The rifle suspected of being used in the shooting has been found.
In a briefing on Thursday, FBI agent Robert Bohls said: “I can tell you that we have recovered what we believe is the weapon that was used in yesterday’s shooting… is a high-powered bolt action rifle.
“That rifle was recovered in a wooded area where the shooter had fled. The FBI laboratory will be analysing this weapon.”
Investigators have collected a footwear impression, a palm print, and forearm imprints for analysis.
Authorities have released additional images of the attacker. Pic: Utah Public Safety
Read more:
Who was Charlie Kirk?
Moment gunshot heard at university event – Watch
The father-of-two was the chief executive and co-founder of Turning Point USA, a prominent organisation that engages conservative youth on school campuses.
He had millions of followers across social media.
Mr Kirk and Turning Point USA played a key role in driving youth support for Mr Trump in last November’s presidential election. His events at college campuses nationwide typically drew large crowds.
Many people listened both in person and online to Mr Kirk, as he advocated for conservatism among younger generations and became a leading voice in the Make America Great Again (MAGA) movement.
President Donald Trump paid tribute to Mr Kirk while on stage at a 9/11 memorial event in Virginia, saying he would be awarding him the Presidential Medal of Freedom.
Authorities have released additional images of the attacker. Pic: Utah Public Safety
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“Before we begin, let me express the horror and grief so many Americans at the heinous assassination of Charlie Kirk have felt,” Mr Trump said.
“Charlie was a giant of his generation, a champion of liberty and an inspiration to millions and millions of people. Our prayers are with his wonderful wife, Erika, and his beautiful children.”
He later added the FBI was making “big progress” in finding the shooter and he has “an indication” of the motive, but declined to expand.
“He’s an animal, total animal, hopefully they’ll have him and they’ll get him.”
Donald Trump had a heated phone call with Israeli Prime Minister Benjamin Netanyahu after his military targeted Hamas inside Qatar, according to a report.
The American president told Mr Netanyahu on Tuesday that the decision to strike inside the US ally’s territory was not wise, The Wall Street Journal reported, citing senior administration officials.
The Israeli prime minister responded by saying he had a brief window to launch the airstrike and took the opportunity, according to the newspaper.
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Anger over Israeli strikes on Qatar
A second call between the two leaders later that day was cordial, with Mr Trump asking Mr Netanyahu if the attack had been successful, the publication added.
Israel attempted to kill the political leaders of the Islamist group Hamas with the attack in the Qatari capital Doha on Tuesday.
Hamas has said its top leaders survived the airstrike, but five members were killed, including the son of its exiled Gaza chief and top negotiator Khalil al Hayya.
The Israeli military operation in Doha has been widely condemned internationally and was particularly sensitive as Qatar has been hosting and mediating in negotiations which are trying to bring about a ceasefire in the war in Gaza.
On Wednesday, Mr Netanyahu warned Qatar to either expel Hamas officials or “bring them to justice. Because if you don’t, we will”.
Qatar has hit back at him, saying his comments about the Gulf nation hosting a Hamas office were “reckless”.
Donald Trump with Benjamin Netanyahu at the White House earlier this year. Pic: Reuters
Meanwhile, the Israeli ambassador to the US, Yechiel Leiter, has said that if Israel failed to kill Hamas leaders on Tuesday, it would succeed next time.
“We have put terrorists on notice, wherever they may be… we’re going to pursue them, and we’re going to destroy those who will destroy us,” he said.
The airstrike took place shortly after Hamas claimed responsibility for Monday’s shooting at a bus stop on the outskirts of Jerusalem that killed six people.
Read more:
Analysis: Israel has crossed a huge diplomatic red line
In another development, Sir Keir Starmer has had talks with Israeli President Isaac Herzog in Downing Street, with Mr Herzog saying they argued during a “tough meeting”.
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PM meets Israeli president
PM condemns Israeli action
The prime minister has condemned the Israeli attack in Qatar, and raised the matter with the president, saying it was “completely unacceptable”.
“He said the strikes were a flagrant violation of a key partner’s sovereignty and do nothing to secure the peace we all desperately want to see,” a Downing Street spokesperson said.
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Israel has been angered by Britain’s plans to join several other Western countries, including France and Canada, in recognising a Palestinian state later this month – unless Israel meets conditions including a ceasefire in Gaza.
“Things were said that were tough and strong, and clearly we can argue, because when allies meet, they can argue. We are both democracies,” Mr Herzog said at an event at Chatham House.
He also proposed offering a “fact-finding mission” to Israel, “sitting with us and studying the situation in Gaza on the humanitarian level”.
“Because we have full answers, and we are fully transparent,” he said.
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