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Pound slides further after Kwarteng sacked as chancellor
Kwasi Kwarteng has been sacked as chancellor, Downing Street has confirmed, after his disastrous mini-budget sparked financial market turmoil, drove mortgage rates higher and forced the Bank of England to bail out pension funds.
Downing Street sources confirm that Kwasi Kwarteng has now been sacked as Chancellor.
— Pippa Crerar (@PippaCrerar)
The pound has extended…
