Hunt Replaces Kwarteng as Liz Truss Plans Humiliating U-Turn
- Prime minister may roll back plan to freeze corporation tax
- Departure of finance minister comes after less than six weeks
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UK Prime Minister Liz Truss fired Chancellor of the Exchequer Kwasi Kwarteng and replaced him with former Foreign Secretary Jeremy Hunt as she prepared to make a humiliating U-turn on parts of her economic plan.