UK PM Truss fires finance minister

British Prime Minister Liz Truss fired her finance minister Kwasi Kwarteng yesterday, shortly before she is expected to scrap parts of their economic package in a desperate bid to survive the market and political turmoil gripping the country. Kwarteng said he had resigned at Truss's request after rushing back to London overnight from IMF meetings in Washington. Truss, in power for only 37 days, will hold a news conference later yesterday. Former foreign secretary Jeremy Hunt was appointed as Kwarteng's replacement, making him Britain's fourth finance minister this year.