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Kwarteng Ousted as Truss Tries to Move Past Tax U-Turn Debacle

  • Prime minister casts longtime ally aside after 38 days in job
  • Their small-state vision of Britain also lies in tatters
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WATCH: Kwasi Kwarteng was asked by Prime Minister Liz Truss to leave his post as UK Chancellor. Lizzy Burden reports.Source: Bloomberg
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Kwasi Kwarteng was thrown out as Chancellor of the Exchequer after just 38 days, but he spent more than a decade promoting his small-state, low-tax vision for the UK that proved his downfall -- and which may still cost Prime Minister Liz Truss her job as well.