British PM Truss fires finance minister, backtracks on corporate tax rate

Embattled UK Prime Minister Liz Truss fired Finance Minister Kwasi Kwarteng this Friday morning, amid market turmoil. She has replaced him with Jeremy Hunt, the fourth Finance Minister in four months. The financial plan of PM Truss and Kwarteng derailed UK markets, hit the value of the pound, and drew stern warnings from global economic agencies.