Mr. Kwasi Kwarteng has been sacked as Britain’s Finance Minister has said he accepted the appointment knowing that the situation facing Britain was difficult.
He was sacked by the UK Prime Minister Mary Elizabeth Truss on Friday, October 14 amidst the government’s tax cuts believed to have sparked financial market turmoil.
In a letter reacting to his dismissal, he said “You have asked me to step aside as your Chancellor, I have accepted.
“When you asked me to serve as your Chancellor, I did so in the full knowledge that the situation we faced was incredibly difficult, with rising global interest rates and energy prices. However, your vision of optimism, growth and change was right.
“We have been colleagues and friends for many years. In that time, I have seen your dedication and determination. I believe your vision is the right one. It has been an honour to serve as your first Chancellor.”