Liz Truss sacks Kwasi Kwarteng and scraps more of his mini budget
This Is Why
Sky News
4.0 • 552 Ratings
🗓️ 14 October 2022
⏱️ 34 minutes
🧾️ Download transcript
Summary
Her friend and political ally Kwasi Kwarteng has been replaced by the former health secretary Jeremy Hunt.
Liz Truss said: "It is clear that parts of our mini-budget went further and faster than markets were expecting."
On the Sky News Daily, Niall Paterson talks to our political correspondent Tamara Cohen about the latest developments. Plus, you can hear Liz Truss’ news conference in full.
Producer: Soila Apparicio
Editor: Philly Beaumont
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Add water to your will. |
| 0:02.0 | And know that from that single drop, |
| 0:05.0 | life will grow. |
| 0:08.0 | Communities will flourish. |
| 0:10.0 | A better world will be left. |
| 0:13.0 | By leaving a gift in your will to Water Aid, |
| 0:16.0 | you'll help bring essential clean water to people who need it, |
| 0:20.0 | to change their own lives for generations |
| 0:22.4 | to come. Add Water Aid to your will. Search WaterAid legacy to find out how. For unlimited all-day |
| 0:31.4 | travel in London, think TFL. With the daily cap fair frozen until March 27, travel as much as you like on tube, bus, Elizabeth Line, DLR and Overground, knowing you'll never pay any more than £8.90 in Zones 1 and 2. |
| 0:48.3 | Download TFL Go to plan your journey. To the Mayor of London and TFL, every journey matters. |
| 0:55.5 | Always use the same card of device when touching in and out for full terms and conditions such TFL fair capping. |
| 1:03.1 | On the last episode of the Sky News Daily, I pondered what on earth is going on, politically and economically. |
| 1:11.7 | Since then, |
| 1:12.9 | some breaking news to bring you reports |
| 1:16.1 | that the Chancellor Quasi Qatang has been sacked. |
| 1:20.3 | This is Quasi Qatang's resignation. |
| 1:23.7 | You have asked me to stand aside as your Chancellor. |
| 1:27.1 | I have accepted. Jeremy Hunt has been |
| 1:29.9 | appointed as the UK's new Chancellor. What kind of Chancellor will he be? It is clear that parts |
| 1:37.1 | of our mini-budget went further and faster the markets we're expecting. So the way we are delivering |
| 1:43.6 | our mission right now has to change. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Sky News, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Sky News and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.