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Topic - Kwasi Kwarteng

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Britain's former Chancellor of the Exchequer Kwasi Kwarteng leaves 11 Downing Street after being sacked by the Prime Minister Liz Truss in London, Friday, Oct. 14, 2022. Kwarteng has left the government, ahead of an announcement by Prime Minister Liz Truss on changes to an economic package that sparked market turmoil. (AP Photo/Kirsty Wigglesworth)

Reeling Truss fires finance chief as new British government totters

By David R. Sands - The Washington Times

British Prime Minister Liz Truss at the Conservative Party annual conference at the International Convention Centre in Birmingham, England, Sunday Oct. 2, 2022. (Stefan Rousseau/PA via AP)

U.K. scraps tax cut for wealthy that sparked market turmoil

By Jill Lawless - Associated Press

Pedestrians pass a currency exchange sign outside a shop in London, Sept. 23, 2022. The British pound has resumed a slide against the U.S. dollar that picked up pace last week after the U.K.’s new government outlined plans to cut taxes and boost spending. (AP Photo/Kirsty Wigglesworth, File)

British pound plunges to new low as tax cuts spark concern

By Danica Kirka and Jill Lawless - Associated Press