KWASI Kwarteng has blamed “incredibly difficult markets” for his sacking as Chancellor by friend and ally Liz Truss.
In a letter to the PM confirming his departure, the fired Chancellor said: “You have asked me to stand aside as your Chancellor. I have accepted.”
Kwasi Kwarteng was fired as Chancellor today
Liz Truss asked Kwasi Kwarteng to stand down as Chancellor this afternoon after he landed in London from the US
Kwasi Kwarteng’s resignation letter
Mr Kwarteng added: “It is important now we move forward to emphasise your government’s commitment to fiscal discipline… I look forward to supporting you 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 honour to serve as your first Chancellor.”
