Kwasi Kwarteng sacked: how his last 24 hours as chancellor unravelled

Liz Truss fired her chancellor Kwasi Kwarteng on Friday and scrapped parts of their economic package in a desperate bid to stay in power and survive the market and political turmoil gripping the country.
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Kwarteng said he had resigned at Truss's request after being forced to rush back to London overnight from IMF meetings in Washington. Kwarteng is the country's shortest serving chancellor since 1970, and his successor will be the fourth finance minister in as many months in Britain, where millions are facing a cost of living crisis. The chancellor with the shortest tenure died.
Here is a look back at Kwarteng's last 24 hours as chancellor.
Liz Truss appoints Jeremy Hunt as chancellor after sacking Kwarteng ► www.theguardian.com/politics/...
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#KwasiKwarteng #Fired #MiniBudget #LizTruss #CostOfLiving #Conservatives #Economy #UK #Politics

[@guardiannews]

Liz Truss appoints Jeremy Hunt as chancellor after sacking Kwarteng ► www.theguardian.com/politics/2022/oct/14/liz-truss-appoints-jeremy-hunt-as-chancellor-after-sacking-kwarteng

[@jillmanning2342]

Shameful - he did what she told him to do and when the markets didn't like her plans she asked him to leave. Well done Liz NOT a very honourable thing to do.

[@johnmellan1732]

@@tomsmith5642 boons

[@Conorguill]

They both thought it was a great idea. So it was he goes or they both go. So 🤷‍♂️

[@melluques8475]

Honorable and this party don’t go together 😢

[@Andrew-zp7mc]

Not true. Truss and Kwarteng literally wrote a book on this form of economics, they were both responsible for this

[@caesar3311]

Honourable ? Government? Where have you Been friend

[@ThomasKing19933]

Stabbing your friend in the back won't save you Liz.

[@Threemore650]

Save her? She just got in. Is she in trouble already? Must be part of the plan. The worst of the Tories are still WAY better than the best of the commies which is now the left. I NEVER thought I’d ever think like that - nor cry for the Queen for weeks either.

[@ThomasKing19933]

@Kendrick Chase very true lol

[@joem7799]

She now understands that foreigners in the financial markets wanted their friend Rishi as Prime Minister. Liz Truss was forced into raising taxes to cause inflation to go higher and to cause job losses and at a time like this! She’s criticised for whatever she does!

[@ccahill2322]

@@joem7799 , How can you blame her? She said she had a plan for "growth" and she succeeded--inflation grew.

[@HusseinDoha]

@@ccahill2322 Of course she's to blame for this. It was her plan to cut taxes aggressively in times of high inflation. Which made investors bailout on UK bonds.

[@ShaquilleOatmeal849]

Wasn’t it her fault? And then she shifted the blame onto him and then he got the sack instead of her…

[@firstname4865]

she's basically admitted she has no idea how an economics work, and trusted a baboon.

[@cathysullivan1592]

Discusting

[@gangstagamegangstagame4467]

She has no accountability

[@sko1beer]

She is also been selected by the party to be thrown under the bus as well. It’s just She still doesn’t know it yet

[@meh3247]

It's the tory way, quite why ANYBODY is surprised by the duplicitous nature of these snakes astounds me.

[@cameochris]

Imagine sacking this guy but keeping Therese Coffey as health minister 😆

[@jayp252]

Imagine voting Conservative again 🙄

[@meh3247]

Why imagine it? _It happened._

[@darrenlee9237]

Imagine installing the cigar-chomping Jabba the Hutt lookalike as Health Secretary in the first place.

[@paullacey2999]

She needs all the stooges she can get..

[@Dhuxul9]

She is a joke

[@michaelsummerell8618]

As soon you heard him say "I'm not going anywhere" you knew he was for the chop.

[@tonyedwards892]

The blind leading the blind 👀

[@davidcopson5800]

The eyes have it!

[@garydavid1788]

The bland leading the blind!

[@adamsmart1075]

2:20 "Do you think Liz Truss has any credibility left, sir?" That would imply that she had any to begin with.

[@MerelyGifted]

Came here to type this; not disappointed.

[@allosaurusfragilis7782]

Exactly. What's she ever done thats worked? She kept putting her foot in it as foreign secretary. Somehow that qualifies her to lead the country?

[@sko1beer]

She has been selected by the eton mob as a scapegoat and won’t last long

[@zenou-samaIV]

@@sko1beer wef*

[@michaelstevens3479]

Liz if you are in need of a chancellor next week I have a few days to spare.

[@franceleeparis37]

If you are qualified mate, then forget it.. this opening is a job creating scheme for the disenfranchised people… I.e people who cannot get a job anywhere else..😂

[@archivorat]

Woman who has no idea what she's doing sacks someone for following orders about doing something he's not prepared to do.

[@HusseinDoha]

"Not prepared to do"? Or "not convinced to do"? ... From my reading, he was fully on board on her wacky plans long before she won PM contest

[@iainmcelhone2021]

Now mate, she's got the political condition called "slopey Shoulderitis" .. As in "Wasn't my fault", "Nothing to do with me", etc. Mind with that lot of slippery sods we shouldn't be surprised !!. The rest of the World must be laughing their Arse's at us. Shocking !!. I'd our my pension on a Labour Government next time around.

[@harry3721]

If she doesn't go I have a strong feeling there are going to be more resignations under her rule 🤦‍♀️

[@HdHd-cg4nz]

I feel sorry for him to be honest. He never had the full backing of Truss and got thrown under the bus for her own incompetence. She should be going down with the ship not shooting her first mate then heading for the safety boats.

[@ccahill2322]

Hd41 Hd41, Perhaps she meant to make him "transport minister?" While she Captained the "Titanic?"

[@beautifulprogressivewester4156]

As an empathetic liberal minded progressive I always feel bad for people of colour. I wish I could heal their pain. 😔

[@Big-T-]

@@beautifulprogressivewester4156 Don't feel bad pain and struggle make us stronger.

[@jp3630]

His only mistake was Trussting a snake. What people need to realise is that Liz main priority is not energy bills, the economy or even the war in the Ukraine. Her main, overacting priority, of which she is so eager to engage in is the "Culture (Race) War". It's funny how everyone has forgotten this about her. Her plan was to use Kwasi as a prop but real life put an end to those plans. Kwasi probably knew this but went along with it as a career opportunist, so I do not feel sorry for him.

[@beautifulprogressivewester4156]

@@Big-T- I love your people more than my own.

[@roryb.bellows8617]

Hahaha she threw that dude under the bus lol

[@moogleking]

He got stabbed in the back

[@sebastianwelcome2080]

that's what l was thinking

[@alanb9443]

Yer and she was driving the bus

[@ccahill2322]

Rory B. Bellows, She made a mistake she thought he, Kwasi, was Putin.

[@JAY1892]

Somewhere, Boris is laughing like Emperor Palpatine.

[@davidcopson5800]

Bet he still hasn't combed his hair though!

[@ostertagcn1]

Truss: if you don’t go we both have to go, sorry I’ll buy you a round tonight 😂

[@franceleeparis37]

Yep, dizzy Lizzy the pork chop seller has just lost any minority votes she may have had my appointing him as chancellor..😂

[@HdHd-cg4nz]

@Francelee Parislee The tories know they won’t win the next general election. What they are doing now is following th orders of their masters. Which is to transfer as much wealth as they can to the bank and resource owners as possible before a labour government starts giving the working class tax cuts and bank loans for mortgages.

[@gerardburton1081]

Truss has got to go but Starmer is not anymore capable than her in fact he would be worse.

[@gladwelltailor]

@@gerardburton1081 not true

[@beautifulprogressivewester4156]

Truss will have to find herself another black man quick before she gets called a racist.

[@problemsolverthinktank859]

General election now. The Tories are done.

[@jamesrobert4106]

No chance. The alternative is fear inducing.

[@CPE1704TK5]

It’s gone beyond all that now

[@Thrill_Hou]

@@jamesrobert4106 it’ll be better than this current sh*tshow

[@problemsolverthinktank859]

@@jamesrobert4106 for you mabye, but for most voters, the alternative is greatly welcomed.

[@PickleSurpriseVEVO]

@@jamesrobert4106 ahahahaha cope harder

[@SNUSNU-lz7dh]

The moment SPITTING IMAGE became a documentary 😂

[@philippine6168]

People who give up in life are people who lose in life, my first experience happens to be a failure but I never gave up cause I knew it was going to work out for me trying continuously, fortunately I'm smiling today by getting involved in investment.. I pray that anyone who reads this will be successful in life

[@theresathomas3849]

you've remind me of what someone once said "The mind is the man, the poor is in it and the rich is it too". This sentence is the secret of most successful investors. I once attended similar and ever since then been waxing strong financially, and i most tell you the truth..investment is the key that can secure your family future.

[@thomassarah6626]

I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted,i became more better the moment i realized this.

[@Soboj-oy8me]

Yeah investment is the key to sustaining your financial longevity but venturing into any legitimate investment without a proper guidance of an expert can lead to greater loss too

[@nengsolavillasorda8519]

Exactly! That's my main concern and what kind of investment can someone do with this increase economy turndown

[@limburgerfarrell3499]

For me Forex trading is really profitable, investing in it now will be the wisest thing to do especially with the current rise in bit coin

[@tomrobla8981]

"Throw to the wolves" is an English metaphorical idiom, meaning to sacrifice someone to save or benefit oneself or one's group.

[@faithlesshound5621]

It's well known in Russia too.

[@xxxiceman1980]

Loool she used him as a scapegoat 😂 nothing new, tories are heartless, it's all about power and money never about the people never for the people 🤷‍♂️

[@shanepatrick641]

And putting all the money in their back pockets!

[@kofiastra9837]

Kwasi :I’m not going anywhere Truss :oh yes you are mate… 😂

[@harry2.01]

What a pathetic comment.

[@kofiastra9837]

@@tomsmith5642 Like kwasi knows what that is 😜

[@janestirling7970]

She needs to do liver

[@gangstagamegangstagame4467]

@@kofiastra9837 he has lots of PhDs do you have a PHD I doubt it

[@dwayne_dibley]

@@gangstagamegangstagame4467 there’s PhD’s who believe in flat earth and young earth creationism. Afaik Kwackers has one PhD in economic history.

[@ckbond41]

The economy was on its knees already before Kwasi Kwarteng came in. He had nowhere to turn and of course the PM have to clear it. Well, if I was Mr Kwarteng, I would've refused the Chancellor post and keep my dignity.

[@sarahisreal7879]

Very true

[@HusseinDoha]

He actually did what she asked him to do.

[@handeshmiah6694]

well said.

[@public.public]

brexit didn't help at all in fact that made things worse and don't forget we still have the brexit party in power. Talk about complete incompetence.

[@raoulmoat6762]

It was because he was a black man, he got the blame. Back in high school when things would go missing or get stolen we'd blame this black guy in our year, even when he wasn't there he's get the blame.

[@nzs316]

Wouldn’t she have had to give her a seal of approval for the budget that he proposed so shouldn’t her head be rolling?

[@cbarronie2361]

12 years of austerity & cutting services Yet incresing the national debt by £1,400 billion & were now paying £100 billion a year to service that debt in interest alone. The saddest part is how the British public do nothing about the greatest wealth transfer in history.

[@crow1989]

And what exactly are the British people meant to do about this?

[@Threemore650]

Too busy trying not to get assaulted

[@Threemore650]

@@crow1989 lovely eh. Total victim blame. At least he didn’t say we deserve it.

[@AverageJak]

people like you really dont get how the world economy works. this isnt a Uk problem its a western world problem.

[@ibnnoor]

@@Threemore650 you do 😂

[@bax442]

This really shows that money has no real value. One person can devalue something that 66 million people use with a few words. Isn't that bizarre?

[@bennyl7224]

It’s not one person though. Every currency is devaluing against the USD, plus no one wants to buy bonds anywhere because they’ll have to up the interest rates. That’s why central banks are buying their own bonds again. Japan is much worse, and the EU will be worse than the UK also. If a recession is coming, tax cuts if the tax rate is high, which it is, will help. This inflation was supply driven, because governments had a one focus mind during Covid and decimated supply lines. Supply lines are starting to right themselves, but the interest rate policy in the US is based on data from 3-6 months ago. Price of fuel is up, due to NATO and the US poking the Russian bear and eliciting retaliation. Also, people in the US have fixed rate mortgages for 30 years, so interest rate rises don’t affect their mortgage repayments, so the rate rises aren’t as detrimental to individuals as in the UK and other countries.

[@tomjwjss]

And there devaluing on purpose to capitalise and make profits. Its called insider trading there all at it and its illegal!!

[@MartinPoulter]

The "one person" you are talking about was making decisions that affect a 2 trillion pound economy. Of course if they make crazy decisions with that power, people will move their money somewhere safer. That "money has no real value" is the wrong conclusion. If money had no real value, people wouldn't be so desperate to protect that value by moving it out of the UK.

[@bax442]

@@MartinPoulterIf those people had gold instead, would they need to move it out of UK to protect its value?

[@tomjwjss]

@@MartinPoulter agree with what you saying but I believe they purposely make these crazy decisions to intentionally move the markets then in turn capitalising on the movement of the market. Insider trading in a nutshell

[@davelister1]

How much did top tories make out of the currency changes

[@bartonseagrave9605]

Well spotted, huge amounts of currency was moved by British Companies with connections to British Politicians. It will not be investigated.

[@johnjephcote7636]

What kickbacks did Kwarteng get for enriching his masters?

[@GapeGang]

@@bartonseagrave9605 Source?

[@greebo6549]

To sack a chancellor after 6 months can look like the chancellor’s mistake, to sack a chancellor after 6 weeks looks like the PM mistake

[@TheElakiri123]

Pm u too next . Not fit for job

[@Budanevey]

Almost like a regime change...

[@public.public]

With Hunt as a replacement definitely not a change at all. Yet more batsh*t crazy eyed incompetence.

[@mfd8346]

A person who accidently crashes a runaway truck goes to jail. A person who purposely crashes the UK into ruin gets away with it. Where is the justice here?

[@mimikurtz2162]

If you're looking for justice, you're on the wrong planet.

[@lovetobe77]

Discusting woman. Using the man as an escape goat. She needs to go.

[@emmagreat9285]

It is absolutely wrong that Liz gave an order to Mr. Kwarteng, and he carried out her order, but when the outcome didn't meet the public expectations, she turned around and sacked the messenger. She ought to have resigned.

[@Koofumhead]

Farcical. Here I am thinking that if the party leader is dethroned that means the party has to get out of office. But these people are happy to hang in there, regardless.

[@mimikurtz2162]

That's just your ignorance. Under the Westminster democratic model, the electorate choose a party and the parties choose their leaders.

[@adamesd3699]

@@mimikurtz2162 Well, the electorate chose the party based on its leadership. So when the party’s leadership completely changes, that means the new leaders do not have a mandate from the electorate. It is bizarre that the new leaders have so much time before they have to face the voters. How can they govern and make important decisions without a mandate from the electorate?

[@mimikurtz2162]

@@adamesd3699 That is a very shallow and thin view of politics common among habitual Labour voters. I certainly kave never cast a vote based mainly on my opinion of the party leader. Otherwise I would never have voted at all.

[@adamesd3699]

@@mimikurtz2162 I’m American, not British, so I’ve never voted in a British election. But I have lived in London before, and my impression was that Labour voters vote by party just as much as Conservative voters, if not more. Is that not the case?

[@mimikurtz2162]

@@adamesd3699 Indeed it is! I was referring to life-long Labour voters braying for a general election every time the leader of another party is deposed, on the grounds that the new leader was not the choice of the electorate.

[@lalisubramaniam747]

Kwasi is just liz's escape route

[@johntooth1886]

The wrong colour?

[@leshmahagow364]

Failure ... again

[@henrybartlett1986]

Hunt? Really?

[@CB-mp8hu]

Thank goodness

[@jubb1984]

Liz: "Oh look a buss is coming out of nowhere"

[@SimonMartindalePip]

Willingness to change plans when proven wrong is actually the mark of a GREAT leader... unfortunately I doubt that's what's happening here.

[@miamitten1123]

No, she thinks the public will think its Kwasi fault and she ‘fixed’ everything.

[@kimm6212]

To be fair, he almost looked relieved...

[@northumberlandnomad9763]

What an absolute joke this government is! A complete laughing stock! It's getting worse and worse by the day!

[@googoogjoobgoogoogjoob]

I have little confidence in Heremy Junt to be honest.

[@dwayne_dibley]

Crispin Blunt, Jeremy Hunt, what a bunch of …. You know…

[@tazali6240]

38 days. Tanked the economy for £100b and now off to apply for a job in the city with his mates.

[@nickhorten97]

Jeremy Hunt? The man is an utter....Hunt.

[@davidcopson5800]

He's better than his brother Mike.

[@rorysmith2415]

Are the Tories crumbling?

[@themoderateecowarrior]

Hopefully

[@cann0708]

They'll just slinck back into the sewers until Britain needs to be ruined again

[@shanepatrick641]

I hope so

[@paullacey2999]

For sure....

[@Aharvey914]

Quasimodo Kwarteng was simply a scrape goat from day 1, budgetary direction was already chosen for the most part and he was told this is what we are doing and they left him to take sole responsibility for a nation breaking budget - they forget, what about the 2000 businesses that closed in August!!! At least Boris for all his faults did a far better job than Truss.

[@Threemore650]

😂😂😂 It’s SCAPEGOAT But I like ‘scrape goat’ better.

[@Aharvey914]

@@Threemore650 no its definitely scrape goat Quasi was left to pick up the pieces of a rascal policy gone wrong. I’m sure you will try to correct me and say its ‘fiscal’ not rascal 😂

[@ccahill2322]

@@Aharvey914 , You might say she went to the "goats" house for wool. Well done.

[@gavhinds8190]

NEVER FORGET PARTYGATE PEOPLE AND THE LIES THEY TOLD US.

[@public.public]

Spot the scapegoat.

[@thelmalouise84]

He can now update his linked profile.

[@chibuzothevictor14]

😂 im not going anywhere this aged well

[@tenny1ful]

Boris Johnson is sipping tea with shades on

[@Alex-cw3rz]

Don't forget in a month, he has devalued the pound, made investors treat the UK like an emerging market, 300 billion has been lost from pension funds, thousands of people may lose their homes, hundreds of mortgage types have been removed from the market. Refused to do a windfall tax on oil companies, adding 150 billion at least to the debt, oh and our economy shrunk. All in one month.

[@shrav2418]

Scotland wales Ireland wants to be in EU

[@hhoangc2]

Scotland should apply to leave the UK immediately and the show will be more interesting.

[@Sam-Cain]

Liz "I Killed The Queen" Truss *must* be next. She approved his budget wholeheartedly, she is as much to blame as Kwarteng.

[@paullacey2999]

Maybe Charles is behind this?

[@adamesd3699]

@@paullacey2999 “Dear, oh dear”

[@bk1147]

Liz Truss may be an incompetent leader but In terms of self interested machiavellian moves she makes Stalin look like a politician with the EQ of IDS

[@shanepatrick641]

😮

[@goletra]

Q: How would Beethoven describe Truss economic plan? A: Kwasi una fantasia

[@jaykhan1164]

Country gone to rat 🐀 💩, get Truss out she will destroy what's left

[@Hazey0077]

Oh my rushing sunak must by having the last laugh 😃

[@michaelnoonan352]

She threw the chancellor under the bus for implementing her policies. And in all likelihood her party is going to throw her under the bus and then scrabble around to get someone else to sit in the hot seat.

[@karti-soor]

The shortest serving ever UK chancellor Kwasi Warteng

[@aurorejonesTV]

wow that was QUICK!

[@n.s.5278]

Scapegoat...

[@BadgerLord]

Didnt he do what she told him to do?

[@Yourtruthmightnotbemine]

10 minutes ago she had his back! Kwasimodo was the fall guy who has now gone😂😂!!what a muppet show this Tory party is turning into!!

[@GapeGang]

Turning? Long turnt mate

[@shanepatrick641]

They always seem to want to stab each other in the back in that party, total madness!

[@adamwort7160]

One down One to go

[@srinivas1483]

Feel sorry for the chancellor.

[@pecanpie6127]

This is so much more addicting than watching house of the dragon.

[@MrJonathanainsworth]

This looks worse than Boris tackling a child.

[@generalballox5578]

😁

[@EnlightMC]

Commons of sharks. Brutal place to work. Sorry mate, this is the “United Kingdom”

[@PedroMiguel-if3ll]

Absolutely 100%, I am not going anywhere! 😂

[@sarahisreal7879]

They have used him as scapegoat, he couldn't accept the job when he knows the country is already struggling.

[@chapo7859]

That 1 gone now she just needs to sack herself now

[@shanepatrick641]

Hahaha

[@techtinkerin]

Literally a day ago he's saying I'm not going anywhere 🤣 still damage is done and truss can sacrifice 10 tools like this it's still game over!

[@christiansirnam6286]

So, is this like being relegated from the EPL to Sheffield Wednesday???

[@Permissiontospk]

These changes are far more damaging and disastrous than the optimistic initial budget. Nothing is worse than instability

[@jdrancho1864]

Time elapsed between his assurance that "he's not going anywhere" and his sacking: 23 hours 50 minutes.

[@christine1962ful]

Integrity is not any part of their policies. I really don't care for either. If they cannot support the members of their own party, then they've just given more insight into how they will be moving ahead and taking care of this country it's people....

[@ajcurran100]

No Honour amongst Thieves

[@andrewhinds6302]

Oh dear

[@gistus123]

This government is a running joke.

[@Thedgestore]

Scapegoat that man . And she shows no responsibility

[@MarineWannabee]

lol this aged welllll

[@terry.chootiyaa]

*Rumour has it kwazi was flown back "economy class" 😐*

[@davidcopson5800]

And he had to use the outside toilets.

[@AzanAli-]

New monarch, New PM, New chancellor, New home secretary. Who's next?

[@pelocitdarney5718]

The price of asterisks is going to go sky high, as demand goes through the roof with people spelling Jeremy *unt.

[@public.public]

I forsee an even higher rate of staff leaving the NHS.

[@paullacey2999]

They dont want the NHS.They want it dismantled and pay for everything like Murica...

[@glendenham9962]

Jeremy Hunt, well that will please junior doctors and wider NHS/ social care staff. Diabolical.

[@shanepatrick641]

Him? He did a terrible job, keeping us all locked down

[@lsabdc330]

Wow, nice move PM... And, don't forget you'd be leaving too, very soon. Poor Jeremy, how long have you got to stay at No 11 then??

[@glassofmilk3474]

Just what any bad leader does, throw their men like pawns into the fire if it means saving themselves.

[@11cabadger]

Maybe he thought he could pull a 45 and pretend he's still in office. 😉

[@ssuwandi3240]

Actually that's #46 with no access to nuke codes to level up

[@MartinPoulter]

@@ssuwandi3240 #46 actually was elected to office. It's #45 who was pretending he won.

[@dntwatchdatt]

Correction.

[@ronaldomike]

What a mess and what a joke this all is

[@ivankowalski5009]

What a shambles

[@emmanuelogale9840]

Scapegoat

[@CPE1704TK5]

Trying to keep with the plot, he’s the one the stole the sausages right? The crocodile? Right. mrs punch who’s the policeman?

[@WhoAmEye_WhoAreEwe]

Liz Truss - 'Look out Kwasi, there's a bus coming down the road' Kwasi Kwarteng - 'Thanks Liz, I honestly didn't notice that' Liz Truss - 'Hey no problem, friend' Bus Drive - 'I'm sorry for the turbulence, Ladies and Gentlemen, it appears we've just run over the Chancellor. Anyway, next stop will be Crossness Pumping Station' :)

[@camdecorations9779]

Conservative party have handed the nation to the Labour Party

[@mathieuleader8601]

I would have put Kemi and Archie Norman in the role of chancellor of the exchequer

[@solosmoke7330]

He did his job and Liz is doing hers... and that's do the job badly. These two aren't Etonian elites so they've been positioned to take the fall leaving the Eton members relatively clean compared. She's a sacrifice but is trying to do a job she was never intended to do or capable of doing.

[@gazza8524]

Truss didn't sack him! Putin sacked him!