Last minute: Chips start to fall in England, Truss fires his Minister of Economy, Kwarteng.
Kwasi Kwarteng, the British foreign minister, has been sacked. This was revealed by the BBC who added that this made him the second chancellor to have the shortest term of office, only 38 days.
In addition, it is expected that today, at a press conference at 3 pm, Liz Truss will announce that she is backing out with her fiscal plans and that she is raising her corporate tax from 19 to 25%.
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