Embattled UK Prime Minister Liz Truss holds a news conference after firing her Treasury chief as she struggled to calm markets and hang on to her job amid releasing a controversial economic plan.

Kwasi Kwarteng’s departure comes after just over a month in the job – and three weeks after he announced a tax-cutting “mini budget” that sent the pound plunging to record lows against the dollar.

Truss is under intense pressure to scrap some of the 43 billion pounds (US$48 billion) in unfunded tax cuts that roiled financial markets and led the Bank of England to step in to prevent a wider economic crisis.

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