Kwasi Kwarteng Resignation: Has Kwasi Kwarteng Resigned? Has The Chancellor Of Exchequer Resigned?

Kwasi Kwarteng has resigned after Prime Minister, Liz Truss asked him to stand aside as chancellor of the exchequer.

In his resignation letter, he wrote, “You have asked me to stand aside as your chancellor. I have accepted”.

His replacement will be former foreign secretary, Jeremy Hunt, who was one of Truss’ rivals in the last Conservative Party leadership contest.

Kwasi Kwarteng’s resignation came shortly before Ms Truss announced she was scrapping parts of his economic package in a bid to survive the market and political turmoil gripping the country.

Has The Chancellor Of Exchequer Resigned?

The Chancellor of Exchequer, Kwasi Kwarteng has resigned. In his resignation letter, he mentioned that Liz Truss asked him to resign and he has accepted.