The British finance minister was dismissed

Kvarteng himself confirmed the loss of his position.

Kwarteng was finance minister for only one month.

In his place, former foreign minister Jeremy Hunt, who finished second after Boris Johnson in the 2019 Tory party leader election, was named minister.

It has already been reported that at the beginning of October the UK government abandoned its plan to reduce the personal income tax rate for the highest incomes, taking into account the outrage caused by this plan in the financial markets and society.