Britain's finance minister Kwasi Kwarteng has been sacked after less than six weeks in the job, the BBC reported on Friday, as the government's massive tax cuts sparked financial market turmoil.
Kwarteng is no longer chancellor of the exchequer, the BBC said. The Times newspaper reported earlier that Kwarteng was expected to be sacked.
His sacking makes Kwarteng Britain's shortest serving chancellor since 1970, and his successor would be the UK's fourth finance minister in as many months as the nation grapples with a cost-of-living crisis.
More details to follow.
164 confirmed dead after two major earthquakes strike Venezuela
Europeans told to protect themselves as deadly heatwave takes its toll
Trump asks Congress for more funds to fight Iran, defying rebuke on war powers
Magnitude 6.9 quake strikes Japan's northeast, no tsunami warning
US, Iran at odds on nuclear inspections, frozen assets in deal to end war
