Iran Press/ Europe: Kwasi Kwarteng has been sacked as chancellor three weeks after his mini-budget unleashed chaos on the economy and Jeremy Hunt was appointed in his place.
Kwarteng was appointed to the role by Liz Truss only 38 days ago, making him the second-shortest serving chancellor after Iain Macleod, who died a month after being handed the job by Edward Heath.
British Prime Minister's office, Number 10, announced an hour after his sacking on Friday afternoon that former foreign secretary Jeremy Hunt was replacing him.
The mini-budget pushed the pound to a record low against the dollar, sent the cost of government borrowing and mortgage rates up, and led to an unprecedented intervention by the Bank of England. 219
Read More:
Pound plunge underscores stresses across markets
