U.K. Prime Minister Liz Truss Sacks Chancellor Kwasi Kwarteng After Just Five Weeks

Rishi Sunak took aim at Liz Truss during his first address to the nation as prime minister saying "mistakes were made" while she was in office.

Incoming British Prime Minister Rishi Sunak has promised to unite the country “not with words but with actions” and said “mistakes were made” during the disastrous 44-day reign of his now-predecessor Liz Truss.

Rishi Sunak has officially been appointed the 57th Prime Minister after he met the King at Buckingham Palace today.

Rishi Sunak is to become the UK’s next Prime Minister, the third in three months.

One of Boris Johnson’s closest allies has claimed the former Prime Minister is “clearly” standing to succeed Liz Truss.

The Tory leadership election is heating up as a new prime minister is set to be chosen next week following Liz Truss' bombshell resignation.

Liz Truss has resigned as Prime Minister less than six weeks after she was appointed.

Liz Truss has resigned as Prime Minister after less than 50 days in charge.

Liz Truss has apologised for her 'mistakes' and has pledged to lead the Tories into the next general election as she fought for her job after ditching her tax-cutting plans. The Prime Minister said she has 'adjusted what we’re doing' after the Government’s fiscal policies spooked the markets.

New Chancellor Jeremy Hunt has said he believes Liz Truss will still be Prime Minister at Christmas - despite five Tory MPs already publicly calling for her to step down.

Liz Truss looks like she is a leader ‘totally out of her depth’, according to voters in Manchester, with the vast majority calling for a general election.

U.K. Prime Minister Liz Truss' push to cut taxes for her country's highest earners was a "mistake," President Biden stated Saturday. Truss was forced to scrap large portions of her tax plan last week amid market turmoil and disintegrating public confidence.

British Prime Minister Liz Truss will move to reshape her government’s economic policy after firing Chancellor of the Exchequer Kwasi Kwarteng and dropping key parts of her economic plan in response to market panic caused by the proposed "mini-budget."  "After the fallout from the mini-budget, the Prime Minister needed to take drastic action to calm the markets and save her job," Alan Mendoza, executive director of the Henry Jackson Society, told Fox News Digital. "Sacking the architect of the policy, while brutal, was the most logical way to restore confidence and give her some breathing space to regroup politically." "Once [Truss] reached that conclusion it was only a matter of time before she acted on it, as had she not, it would now be her head on the platter rather than his," Mendoza added.  The British pound dropped sharply after the government announced Kwarteng’s "mini-budget," a series of cuts to taxes intended to spur growth and fight record inflation.The program proved contentious, and Kwarteng did not explain how the government planned to fund the cuts and offset the costs.  "We need a new approach for a new era, focused on growth," Kwarteng told lawmakers in the House of Commons when he introduced the plan, which he argued would provide short-term help for homes and businesses in the face of spiking energy costs while trying to increase tax revenues in the coming years.  FILE - Britain's Chancellor of the Exchequer Kwasi Kwarteng arrives in Downing Street in London, on Sept.

Good evening and welcome to Friday's Daily Record headline briefing. The rundown keeps you up to date with the latest news from Scotland and beyond.

As Prime Minister Liz Truss prepares to hold crisis talks over her controversial mini-budget, the future of the current government has become more uncertain.

Kwasi Kwarteng has paid the price for the chaos unleashed by his mini-budget as he was reportedly sacked by Liz Truss.

Liz Truss is to hold a press conference today after she sacked Kwasi Kwarteng as chancellor over the mini-budget disaster that tanked the pound.

Prime Minister Liz Truss is to hold a press conference later on Friday, Downing Street has said.

Kwasi Kwarteng has cut his trip to the US short to fly home for 'crunch talks' with Liz Truss amid the expectation of another major mini-budget U-turn.