United Kingdom The British Treasury Minister shortens his visit to the IMF and urgently returns to London in the face of the financial crisis
British Prime Minister Liz Truss will dismiss Finance
Minister Kwasi Kwarteng today
, according to British media.
Kwarteng has returned to
London
from the
United States
after cutting short a trip to
Washington
amid pressure over his controversial growth plan.
The Tory
leader
will give a press conference around 2:00 p.m. local time (3:00 p.m. Spanish time) where she could announce changes to the radical fiscal program presented on September 23, which sowed chaos in the financial markets.
Although
Downing Street
-the office and official residence of the chief executive- has not commented on the speculation that the conservative leader will announce
Kwarteng
's dismissal , media such as the BBC or
The Times
reveal that Truss will fire her head of Economy and reverse parts of the so-called mini budget.
Kwarteng
ruled out yesterday in a statement from
Washington
to the media that he is considering resigning in the face of the turbulence generated by his radical tax cut, which forced the
Bank of England
to intervene with a debt repurchase to avoid the bankruptcy of several pension funds.
The minister was forced to bring forward a month an appearance in which he will detail his fiscal plans in the medium term, initially scheduled for the end of November and that he will finally offer on October 31.
The fiscal plan announced at the end of September sent the pound sterling plummeting against the US dollar and sending the cost of
UK
long - term debt skyrocketing .
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Liz Truss