UK PM Truss 'sorry to lose' Kwarteng after sacking him as chancellor

UK PM Truss 'sorry to lose' Kwarteng after sacking him as chancellor

UK Prime Minister, Liz Truss, says she is "sorry to lose" Kwasi Kwarteng, describing her former Chancellor as a "great friend".

In the same speech, Truss announces the appointment of former Health Secretary Jeremy Hunt as the country's new chief of finance.

The sacking of Kwarteng comes after a disastrous period for Truss' fledgling government during which the value of the pound has plummeted as a result of the ill-received tax cutting 'mini-budget'.