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Kwasi Kwarteng has become the second shortest-serving chancellor in UK history.

Just behind Conservative Ian Macleod, who died of a heart attack 30 days after he took the job in 1970, Mr Kwarteng lasted just 38 days in his role.

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The rise and fall of Kwasi Kwarteng

Unapologetic Truss says she ‘acted decisively’ – follow politics latest

Here Sky News looks back at his short time at Number 11 Downing Street.

6 September

After being elected prime minister by 57.4% of Conservative Party members the previous day, Liz Truss appoints Kwasi Kwarteng as her chancellor.

He was previously secretary of state for business, energy and industrial strategy.

More on Kwasi Kwarteng

Friends for over a decade and described by some as “ideological soulmates” and “Batman and Robin”, Ms Truss and Mr Kwarteng even live on the same street in Greenwich, southeast London.

In 2012 they co-wrote a book called ‘Britannia Unchained: Global Lessons for Growth and Prosperity’ about the UK’s post-Brexit potential.

Political Book Awards 2013 at the Bfi Imax Southbank Kwasi Kwarteng and Elizabeth Truss

8 September

A House of Commons debate on the energy crisis is interrupted by news that the Queen is gravely ill.

Prime Minister Liz Truss and Labour leader Sir Keir Starmer are rushed out of the chamber.

At 6.30pm it is announced that the Queen has died.

Parliament is suspended and due to return on 21 September.

Plans for a so-called ’emergency budget’ earmarked for 19 September are delayed for the Queen’s funeral to take place.

10 September

The chancellor is among members of the cabinet to meet the new King at Buckingham Palace with the prime minister.

19 September

The Queen’s state funeral takes place at Westminster Abbey.

Mr Kwarteng is among the first recognisable faces to arrive but sparks outrage when he is seen laughing with colleagues ahead of the service.

21 September

When MPs return to the House of Commons, Liz Truss unveils her first major policy of her premiership – an ‘Energy Price Guarantee’ to help reduce people’s utilities bills.

Amid the cost of living crisis, Ms Truss caps energy prices per unit and claims the average household will not pay more than £2,500 a year in bills for the next two years.

She also lays out a six-month support scheme for businesses, which were previously unprotected by any cap.

The policy is estimated to cost £60bn, sparking concerns the government is borrowing too much money.

Mr Kwarteng says it will “bring security, growth to the economy and secure a better deal from consumers”.

23 September

The chancellor unveils his ‘mini-budget’ in the House of Commons. The government insists it is not a ‘mini-budget’ but a ‘fiscal event’. Mr Kwarteng refers to it as ‘The Growth Plan’.

Describing it as the “biggest package in generations”, he tells MPs he “won’t apologise” for trying to deliver growth with a series of dramatic tax cuts.

Chancellor of the Exchequer Kwasi Kwarteng

They are set to cost the public purse £45bn and include:

• Abolishing the 45% higher rate of income tax
• Cutting the basic rate of income tax to 19%
• Scrapping the planned increase in corporation tax from 19% to 25%
• Reversing Rishi Sunak’s National Insurance Health and Social Care levy
• Increasing the threshold for stamp duty payments to £250,000 – and £425,000 for first time buyers
• Scrapping planned curbs on banker’s bonuses

Mr Kwarteng claims the measures will “simplify” the UK tax system and make Britain “more globally competitive”.

The mini-budget is not accompanied by the normal costing plans from the Office for Budget Responsibility (OBR) as the government says it is not a traditional budget.

This means no one will know how it will be paid for until Mr Kwarteng’s next announcement on 23 November.

26 September

When trading resumes on global financial markets for the first time after the chancellor’s mini-budget, they react badly.

Experts claim this is because of a loss of confidence in the UK’s ability to pay its debts.

The pound falls by 5% to a record low against the dollar – at $1.0327.

Interest – or yields – on 10-year UK government bonds – or gilts – hit their highest since 2010 at 4.15%.

The Bank of England issues a statement saying it “will not hesitate to change interest rates as necessary”.

Mr Kwarteng says of the financial turmoil: “We’ve got to have a much more front-footed approach to growth and that’s what my Friday statement was all about.

“I think that if we can get some of the reforms… if we get business back on its feet, we can get this country moving, and we can grow our economy, and that’s what my focus is 100% about.”

28 September

The Bank of England makes the highly unusual move of agreeing to buy up UK government bonds for a set period of two weeks.

It says this is because if “dysfunction in this market continues or worsens, there would be a material risk to UK financial stability”.

Sky News’ economics and data editor Ed Conway claims that had the central bank not acted whole pension funds were at risk of dissolving by that afternoon.

Reports then begin to emerge of the PM being under pressure to sack her chancellor for causing market instability.

Liz Truss agreed to a government statement after a meeting with Chancellor Kwasi Kwarteng. Pic: AP
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Pic: AP

29 September

The independent body responsible for economic forecasting, the OBR, confirms in a letter to the SNP’s Ian Blackford that it had offered a forecast for the mini-budget, but the chancellor did not commission one.

Mr Kwarteng also fuels speculation he may only uprate benefits in line with people’s earnings – not inflation – a manifesto promise of Boris Johnson’s.

He said: “We are talking about helping people in the round. It is premature for me to come to a decision on that. But we are absolutely focused on making sure that the most vulnerable in our society are protected through what could be a challenging time.”

A YouGov poll reveals Labour has surged to a 33-point lead over the Conservatives.

30 September

In The Daily Telegraph, Kwasi Kwarteng promises a “credible plan” to get government spending under control.

He reaffirms his commitment to a full OBR report on 23 November.

1 October

A new poll by Opinium shows Liz Truss is less popular than Boris Johnson, and that Labour is well ahead of the Conservatives.

According to the results, the Tories have just 27% of the vote, while Labour boast 46%.

2 October

The Conservative Party conference begins in Birmingham.

In an interview with the BBC, Ms Truss admits she and Mr Kwarteng “should have laid the ground better” and says “I have learnt from that”.

On uproar over the 45% top rate tax cut, she appears to blame her chancellor, saying it was a decision made by him and something he didn’t discuss with the cabinet.

Read more:
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Truss: I want to be honest, this is difficult

Michael Gove also appears on the same programme to say the top tax rate cut was a “mistake” and that he may not vote for it.

An article in The Sunday Times claims that Mr Kwarteng met hedge fund managers in London before his mini-budget where they “egged him on” to pursue his sweeping tax cuts that would benefit them. This is denied by the government.

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Kwasi Kwarteng’s party conference speech in full

3 October

On the day of his speech at the Tory Party conference, the chancellor tweets: “It is clear that the abolition of the 45p tax rate has become a distraction from our overriding mission to tackle the challenges facing our country

“As a result, I’m announcing we are not proceeding with the abolition of the 45p rate of tax.

“We get it, and we have listened.”

His speech sees him admit: “What a day, it has been tough but we need to focus on the job in hand.”

Referring to his earlier U-turn, he adds: “We need to move forward. No more distractions. We have a plan and we need to get on and deliver it. That is what the public expect from the government.”

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Moment Chancellor U-turns on tax rate

4 October

House of Commons leader and former Tory leadership candidate Penny Mordaunt insists that benefits should be uprated with inflation after rumours swirled that the PM and chancellor could be looking at linking them to people’s earnings to save money.

Reports emerge that in one conversation the chancellor blamed the “pressure” of the Queen’s death for any mistakes made in government.

5 October

In her speech that closes the party conference, Liz Truss pays tribute to her “dynamic” chancellor.

“Whenever there is change, there is disruption,” she says.

6 October

The chancellor holds a meeting with executives from some of the biggest UK High Street banks, including Barclays, Lloyds and NatWest, amid soaring interest rates on mortgages and hundreds of deals being withdrawn over uncertainty in the market.

10 October

Kwasi Kwarteng confirms he is bringing forward his costing of the mini-budget from 23 November to 31 October.

In a letter to the chairman of the Treasury Select Committee, he says: “I have previously written to inform you that an economic and fiscal forecast will be published alongside the Medium-Term Fiscal Plan on 23 November. I have decided to bring this date forward to 31 October.”

11 October

Appearing in front of MPs for the first time since his mini-budget, Mr Kwarteng promises his upcoming economic plan will be “relentlessly upbeat”.

He promises it will be an “absolute iron commitment to fiscal responsibility” and accompanied by a full OBR forecast.

On the same day, the Institute for Fiscal Studies publishes a report that says the government must save at least £62bn to restore market confidence.

Chancellor of the Exchequer Kwasi Kwarteng and Liz Truss

12 October

The chief economist of the International Monetary Fund (IMF) tells Sky News that the mini-budget “complicated” the Bank of England’s plans to bring down inflation.

In her first Prime Minister’s Questions since the mini-budget, Ms Truss says that she will not cut public spending to balance the books.

13 October

Kwasi Kwarteng travels to Washington DC for talks with the IMF, which has called for the UK to focus on tackling inflation before it looks at growth.

But the chancellor’s trip is cut short, with sources claiming he needs to return early for discussions on his ‘medium-term fiscal plan’.

At home, Liz Truss faces mounting pressure to resign or sack her chancellor as more of her MPs threaten to rebel.

Chancellor of the Exchequer Kwasi Kwarteng (second left) arrives at London Heathrow Airport after travelling on a flight from the US ahead of schedule for urgent talks with Prime Minister Liz Truss as expectations grow that they will scrap parts of their mini-budget to reassure markets. Picture date: Friday October 14, 2022.

14 October

Friday’s edition of The Daily Telegraph sees Mr Kwarteng vow: “I’m not going anywhere.”

He is later seen entering Downing Street via a back entrance shortly before rumours he has been sacked are confirmed.

Mr Kwarteng issues a statement saying: “You have asked me to stand aside as your chancellor. I have accepted.”

He acknowledges “we have been colleagues and friends for many years” and stresses “your vision is the right one”.

Ms Truss replies: “As a long-standing friend and colleague, I am deeply sorry to lose you from the government.”

Newly-installed chancellor was questioned by journalists after he replaced sacked former chancellor Kwasi Kwarteng.

In contrast to his claims “you asked me to stand aside” she says: “I deeply respect the decision you have taken today.”

In a news conference hours after, she admits “this is difficult” and U-turns on her plans for cutting corporation tax.

Mr Kwarteng is replaced as chancellor by Jeremy Hunt – a former health and culture secretary.

:: The new chancellor, Jeremy Hunt, will be speaking to Sky News from 7am today

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It’s not ‘traditional’ wildfire season – so why have the California fires spread so quickly?

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It's not 'traditional' wildfire season - so why have the California fires spread so quickly?

A real-life drama is unfolding just outside Hollywood. Ferocious wildfires have ballooned at an “alarming speed”, in just a matter of hours. Why?

What caused the California wildfires?

There are currently three wildfires torching southern California. The causes of all three are still being investigated.

The majority (85%) of all forest fires across the United States are started by humans, either deliberately or accidentally, according to the US Forest Service.

But there is a difference between what ignites a wildfire and what allows it to spread.

However these fires were sparked, other factors have fuelled them, making them spread quickly and leaving people less time to prepare or flee.

The main culprit so far is the Santa Ana winds.

Follow live: Malibu residents told to get ready to flee

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LA residents face ‘long and scary night ahead’

What are Santa Ana winds?

So-called Santa Ana winds are extreme, dry winds that are common in LA in colder winter months.

The California Department of Forestry and Fire Protection warned strong Santa Ana winds and low humidity are whipping up “extreme wildfire risks”.

Winds have already topped 60mph and could reach 100mph in mountains and foothills – including in areas that have barely had any rain for months.

It has been too windy to launch firefighting aircraft, further hampering efforts to tackle the blazes.

These north-easterly winds blow from the interior of Southern California towards the coast, picking up speed as they squeeze through mountain ranges that border the urban area around the coast.

They blow in the opposite direction to the normal onshore flow that carries moist air from the Pacific Ocean into the area.

The lack of humidity in the air parches vegetation, making it more flammable once a fire is started.

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Wildfires spread as state of emergency declared

The ‘atmospheric blow-dryer’ effect

The winds create an “atmospheric blow-dryer” effect that will “dry things out even further”, said Daniel Swain, a climate scientist at University of California, Los Angeles (UCLA).

The longer the extreme wind persists, the drier the vegetation will become, he said.

“So some of the strongest winds will be at the beginning of the event, but some of the driest vegetation will actually come at the end, and so the reality is that there’s going to be a very long period of high fire risk.”

What role has climate change played?

California governor Gavin Newsom said fire season has become “year-round in the state of California” despite the state not “traditionally” seeing fires at this time of year – apparently alluding to the impact of climate change.

Scientists will need time to assess the role of climate change in these fires, which could range from drying out the land to actually decreasing wind speeds.

But broadly we know that climate change is increasing the hot, dry weather in the US that parches vegetation, thereby creating the fuel for wildfires – that’s according to scientists at World Weather Attribution.

But human activities, such as forest management and ignition sources, are also important factors that dictate how a fire spreads, WWA said.

Read more:
Terrifying firestorm tears through home of film stars
State of emergency as wildfires sweep through LA celebrity suburb

A U.S flag flies as fire engulfs a structure while the Palisades Fire burns during a windstorm on the west side of Los Angeles, California.
Pic: Reuters
Image:
Pic: Reuters

Southern California has experienced a particularly hot summer, followed by almost no rain during what should be the wet season, said Professor Alex Hall, also from UCLA.

“And all of this comes on the heels of two very rainy years, which means there is plenty of fuel for potential wildfires.

“These intense winds have the potential to turn a small spark into a conflagration that eats up thousands of acres with alarming speed – a dynamic that is only intensifying with the warmer temperatures of a changing climate.”

The flames from a fire that broke out yesterday evening near a nature reserve in the inland foothills northeast of LA spread so quickly that staff at a care home had to push residents in wheelchairs and hospital beds down the street to a car park.

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LA wildfire site is one of most exclusive suburbs – but it’s in the grips of one of mother nature’s terrifying levellers

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LA wildfire site is one of most exclusive suburbs - but it's in the grips of one of mother nature's terrifying levellers

Pacific Palisades is one of Los Angeles’s most expensive and exclusive suburbs, home to film stars and billionaires.

The broad boulevards are framed by palm trees and gated mansions with swimming pools.

But it’s in the grips of one of mother nature’s terrifying levellers, a firestorm which is ripping through community after community, raging and unremitting.

Follow live: 30,000 told to flee

Firefighters battle the Palisades Fire as it burns multiple structures in the Pacific Palisades neighborhood of Los Angeles, Tuesday, Jan. 7, 2025. (AP Photo/Ethan Swope)
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Pic: AP

A firefighter jumps over a fence while fighting the Palisades Fire in the Pacific Palisades neighbourhood of Los Angeles, Tuesday, Jan. 7, 2025. (AP Photo/Ethan Swope)
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A firefighter jumps over a fence while fighting the Palisades Fire. Pic: AP

A billowing cloud of black smoke loomed over the main shopping street with its fancy restaurants and designer shops, threatening to destroy what many here consider to be their slice of paradise.

It is a reminder of the destructive power of this sort of weather.

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Martha Kelner reports from Pacific Palisades

Reza, a lifelong resident of Pacific Palisades, was evacuating with what belongings he could fit in his SUV.

“This is surreal, this is unbelievable,” he said.

Reza, a lifelong resident of Pacific Palisades, was evacuating with what belongings he could fit in his SUV.
Image:
Reza, a lifelong resident of Pacific Palisades, was evacuating with what belongings he could fit in his SUV.

“I’ve lived here all my life but this is like nothing I’ve ever seen before. This is the worst of the worst.

“I’ve never seen it with these winds, we just keep praying that the direction changes. But if the direction changes it’s to the detriment of somebody else, that’s the horrible part about it all.”

Firefighters hose down flames as the Palisades Fire destroys a residence in the Pacific Palisades neighborhood of Los Angeles, Tuesday, Jan. 7, 2025. (AP Photo/Etienne Laurent)
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Pic: AP

A residence burns as a firefighter battles the Palisades Fire in the Pacific Palisades neighborhood of Los Angeles Tuesday, Jan. 7, 2025. (AP Photo/Eugene Garcia)
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Pic: AP

A residence burns as the Palisades Fire advances in the Pacific Palisades neighborhood of Los Angeles, Tuesday, Jan. 7, 2025. (AP Photo/Ethan Swope)
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Pic: AP

January is not normally wildfire season, but these are not ordinary circumstances, the blazes being propelled by the strongest winds in southern California for more than a decade, fuelled by drought conditions.

Authorities are warning that the winds will grow stronger overnight, meaning that conditions will likely worsen before they get better.

Police and the fire department went door to door, urging people to evacuate or risk losing their lives.

On the main road out of town, there was gridlock traffic, with some abandoning their cars to flee on foot.

Firefighters battle the advancing Palisades Fire in the Pacific Palisades neighborhood of Los Angeles, Tuesday, Jan. 7, 2025. (AP Photo/Etienne Laurent)
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Pic: AP

On Mount Holyoake Avenue, Liz Lerner, an 84-year-old with congestive heart failure, was on her driveway and visibly panicked.

“I don’t drive, and I’m by myself,” she said.

“I have no relatives, I’m 100% alone and I don’t know what to do. My father built this house in 1949, this is my family home and this is the end. I’ve never seen anything like this.”

On Mount Holyoake Avenue, Liz Lerner, an 84 year old with congestive heart failure, was on her driveway and visibly panicked.
Image:
Liz Lerner, an 84 year old with congestive heart failure, was on her driveway and visibly panicked

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Around the corner, another man was hosing down his multi-million dollar home in a bid to save his property from the fire bounding towards it from a nearby canyon.

“I can’t decide whether to evacuate or stay and carry on hosing down my house,” he said.

“It’s hard to know which way the flames are heading.”

A firefighter makes a stand in front of the advancing Palisades Fire in the Pacific Palisades neighborhood of Los Angeles, Tuesday, Jan. 7, 2025. (AP Photo/Etienne Laurent)
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Pic: AP

Other blazes were breaking out across LA with firefighting planes grounded because of winds which are growing stronger by the hour.

More homes, neighbourhoods and lives are under threat from this perfect and petrifying storm.

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Soldiers concerned at time SAS had ‘golden pass to get away with murder’ in Afghanistan, inquiry hears

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Soldiers concerned at time SAS had 'golden pass to get away with murder' in Afghanistan, inquiry hears

Soldiers working within the UK’s special forces discussed concerns that Afghans who posed no threat were being murdered in raids against suspected Taliban insurgents, an inquiry has been told.

One soldier, who was reading operational reports of SAS actions, said in an email in 2011 that they feared that UK special forces seemed “beyond reproach”, with “a golden pass allowing them to get away with murder”.

Another soldier said they were aware of rumours of special forces soldiers using “dropped weapons” – which were munitions allegedly placed next to targets to give the impression they were armed when they were shot.

It was also suggested that the act was known as a “Mr Wolf” – supposedly a reference to the fixer “Winston Wolfe” from the film Pulp Fiction.

The claims come from hundreds of pages of documents detailing evidence given to a public inquiry into alleged war crimes committed by British special forces soldiers in Afghanistan between 2010 and 2013.

The independent inquiry was ordered by the Ministry of Defence (MoD) after the BBC reported claims that SAS soldiers from one squadron had killed 54 people in suspicious circumstances during the war in Afghanistan more than a decade ago.

The inquiry is examining a number of night-time raids carried out by British forces from mid-2010 to mid-2013.

On Wednesday, it released evidence from seven UK special forces (UKSF) witnesses who gave their evidence in secret for national security reasons and cannot be named.

None of the soldiers who gave evidence to the inquiry, which opened in 2023, said they had witnessed any such behaviour themselves.

‘Fighting age males’

One of the soldiers, known only as N1799, told the inquiry they had raised concerns in 2011 about a unit referred to as UKSF1 after having a conversation about its operations with one of its members on a training course.

“During these operations it was said that ‘all fighting age males are killed’ on target regardless of the threat they posed, this included those not holding weapons,” their witness statement said.

“It was also indicated that ‘fighting age males’ were being executed on target, inside compounds, using a variety of methods after they had been restrained. In one case it was mentioned a pillow was put over the head of an individual before being killed with a pistol.”

The soldier said he was also informed that weapons were being “dropped” next to victims “to give the impression that a deceased individual had been armed when shot”, the inquiry heard.

Such a dropped weapon was colloquially known as a “Mr Wolf”, but N1799 stated he had “no idea at all” where the term came from.

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Counsel to the inquiry Oliver Glasgow KC asked: “When you heard it described as a ‘Mr Wolf’, was that used by one person or by more than one person or can you not remember?”

N1799 replied: “At least two or three people.”

Mr Glasgow continued: “Have you seen the film Pulp Fiction by Quentin Tarantino, where the individual who introduces himself as Mr Wolf says ‘I’m Mr Wolf and I’m here to solve problems’? Do you remember that?

The witness said: “No, I don’t.”

Mr Glasgow said: “Well, it is probably not essential viewing for anyone, but that particular individual in that film, he acts to clear up problems and to make crimes go away, does he not?”

N1799 responded: “Right. I had not put two and two together.”

The inquiry heard that N1799 escalated their concerns to other senior officers who took them seriously.

But, questioned by Mr Glasgow on whether they had any concerns for their own personal wellbeing after making allegations, the witness said: “I did then and I still do now.”

‘Mud-slinging’

Another officer, referred to as N2107, emailed colleagues expressing his disbelief at summaries of operations which suggested detained suspects had been allowed back into compounds where they were then said to have picked up weapons and attempted to attack the unit.

Meanwhile, a special forces commanding officer told the inquiry he believed reporting allegations of murder to his counterpart in another unit may have been seen as “mud-slinging”.

He said there was an “at times fractious and competitive” relationship between his unit and the accused unit.

In one of the hearings, he was asked whether he thought about reporting the allegations to his direct counterpart within the unit, but said it was a “deliberate act” to report up rather than sideway as it may be seen as “mud-slinging”.

British military police have previously conducted several inquiries into allegations of misconduct by forces in Afghanistan, including those made against the SAS.

However, the MoD has said none found enough evidence for prosecutions.

The inquiry’s aim is to ascertain whether there was credible information of extra-judicial killings, whether investigations
by the military police years later into N1799’s concerns were properly conducted, and if unlawful killings were covered up.

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