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.
Blasts rock Damascus during Macron visit
Israeli strikes kill two people in Gaza, medics say
At least 5 dead in major landslide in India's Wayanad
Trump says there will either be a deal with Iran or US will 'finish the job'
Storms kill at least eight in central China as Typhoon Bavi looms offshore
