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    The U.K. prime minister fires her finance chief and changes course on taxes

    In a move to calm financial markets and her own Conservative Party, Prime Minister Liz Truss canceled planned tax cuts for corporations and replaced Kwasi Kwarteng as treasury head with Jeremy Hunt.
    by Willem Marx Oct 14, 2022 2 minutes
    U.K. Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng visit a construction site in Birmingham earlier this month. The two met this morning over finance policy.
    Updated October 14, 2022 at 12:54 PM ET

    LONDON — British Prime Minister Liz Truss fired her finance minister and close ally Kwasi Kwarteng. Then hours later, she announced a U-turn on their economic package, attempting to calm financial markets and reinforce her shaky leadership position little more than a month after taking office.

    The government said former

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