* Chancellor given his marching orders after being hauled back to Downing Street early from a US summit
* PM due to front a 2.30pm press conference in which she is expected to announce corporation tax increase
* Mr Kwarteng's departure makes him the second shortest-serving chancellor in modern British politics
Kwasi Kwarteng was dramatically sacked by Liz Truss today with Jeremy Hunt expected to take the key job as she prepares to make a monster U-turn on the disastrous mini-Budget in a bid to save her premiership.
The Chancellor was given his marching orders after being hauled back to Downing Street from a US summit, with the PM facing a potentially terminal Tory rebellion.
Former foreign secretary and leadership hopeful Jeremy Hunt is making a shock return as a 'safe pair of hands' to take over No11.
Read more ....
WNU Editor: The markets are reacting .... Pound PLUMMETS from $1.13 to below $1.12 against the dollar as markets react to Kwasi Kwarteng's shock sacking (Daily Mail).
British PM Liz Truss Fires Her Finance Minister
Jeremy Hunt named chancellor after Kwasi Kwarteng sacked as Liz Truss expected to U-turn over mini-budget – live -- The Guardian
British PM Liz Truss fires finance minister Kwasi Kwarteng -- CNN
UK Treasury chief out as prime minister plans U-turn -- AP
UK's Truss fires finance minister Kwarteng -- Reuters
Kwasi Kwarteng sacked as chancellor after mini-budget turmoil -- SKY News
UK Finance Minister Kwasi Kwarteng fired after market chaos and tax-cutting plans -- CNBC
U.K. finance minister ousted after tax cut plan causes chaos -- Axios
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