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.
Trump says US, Israel to hold off on fresh Iran attack in hope of quick deal
Israeli strikes kill nine in Gaza, Israeli minister says no deal to halt attacks
Thirteen die in tourist plane crash over Peru's Nazca Lines
Bomb carried by woman kills three, injures 21 near Moscow restaurant, authorities say
