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Hello and welcome to Coffee How Shots, the Spectators' Daily Politics Podcast. I'm Katie Andrews and I'm

joined by James Forsyth and Katie Boles. Katie and I are reporting down the line from Stockholm

once a safe haven from the British political nightmares during lockdown. But now it seems we

really cannot escape what's going on in Westminster. James updates by the minute, but the biggest

ones are the ones we're going to come to first. Quasi Quarting, no longer chancellor.

Yup, Quasi Quarting flew back overnight from Washington and was sacked in the most brutal fashion,

you know, before he had returned to Downing Street. His resignation letter makes quite clear that

he was sacked rather than choosing to go. This is a quite remarkable development because six

weeks into her premiership, Liz Truss has sacked her closest ideological ally in Quasi Quarting.

And someone who, you know, she is very good friends with. And I think this is in an attempt to

shore up her position. She is bringing in Jeremy Hunt, the former Foreign Secretary in Health

Secretary, who backed Rishi Sunack and the Tory leadership to replace Quasi Quarting and hoping that

that and a U-turn on corporation tax will give her another chance to reset her premiership. But I

think it is very difficult because no one thinks that this corporation tax cut was a Quasi Quarting

brainchild. It was something that Liz Truss ran on throughout her leadership campaign. And I think

that even if she might have placated the markets today, she, which is very necessary, she may

want to deepen topological problems. And yet, it feels James, like selecting Jeremy Hunt,

was more a decision for the Tory party than it was for the markets. I mean, the pound has been

falling since the announcement about sacking the chancellor. Of course, markets don't like,

...