U.K.'s Liz Truss Drops Tax Cuts, Axes Treasury Chief Amid Turmoil

In a recent announcement, UK Prime Minister Liz Truss revealed that Finance Minister Quasi Kwarteng has resigned after only a few weeks in office. This decision follows significant pressure on Truss to reverse her controversial tax cut plans, which have disrupted global financial markets. Kwarteng was summoned back from the US for an emergency meeting where he was asked to step down. Truss held a press conference to address the situation, defending her leadership and commitment to economic growth. However, questions remain about her ability to maintain her position amid ongoing economic challenges.

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