Kwasi Kwarteng, the chancellor of the Exchequer, faces widespread anger over the tax cuts he and Liz Truss have pushed, but their history of dismissing the economic establishment goes back years.

Britain’s ex-Prime Minister Liz Truss and ex-Chancellor of the Exchequer Kwasi Kwarteng visit a construction site for a medical innovation campus in Birmingham, central England, on October 4, 2022.

Kwasi Kwarteng was ousted by U.K. Prime Minister Liz Truss as chancellor of the exchequer on Friday, capping a chaotic spell after planned tax cuts were rejected by financial markets.

British Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng visit Berkeley Modular, in Northfleet, Kent, Britain, Sept. 23, 2022. (Reuters/Dylan Martinez/Pool/File Photo) ...

Kwasi Kwarteng, Britain’s dismissed chancellor of the Exchequer, sits in a car as he departs No. 11 Downing Street in central London on Friday. Isabel Infantes/Agence France-Presse — Getty Images ...

Prime Minister Liz Truss and her chancellor of the Exchequer, Kwasi Kwarteng, say they are holding steady on their plans, but experts believe concessions are inevitable. By Stephen Castle LONDON ...

In a move to calm financial markets and her own Conservative Party, Prime Minister Liz Truss canceled planned tax cuts for corporations and replaced Kwasi Kwarteng as treasury head with Jeremy Hunt.

Kwasi Kwarteng happens to find himself in the right place at the wrong time. His blood must now be used to cleanse the new political trajectory that Truss is expected to announce in due course.

Kwasi Kwarteng was flown around Saudi Arabia in January 2022 by majority state-owned energy firm Aramco, government transparency declarations show.

Kwasi Kwarteng says he has accepted decision to stand aside as chancellor By Steve Goldstein Published: Oct. 14, 2022, 8:12 a.m. ET Share ...