The Chancellor of the Exchequer, Kwasi Kwarteng, unveiled his disastrous first mini-budget on September 23.
Just 21 days later, Kwarteng was humiliatingly sacked by his boss after weeks of economic turmoil sparked by his proposals
The MP for Spelthorne, who was previously Secretary of State for Business, was appointed to his new role in early September following Liz Truss' appointment as the new Prime Minister of the United Kingdom.
He lasted just 38 days in the job and has been replaced by former health secretary Jeremy Hunt.
The chancellor's mini-budget came as the UK battles a cost of living crisis that has seen millions of households struggling to get by.
Kwarteng announced the biggest tax cuts since 1988 and pledged to “turn the vicious cycle of stagnation into a virtuous cycle of growth” as he unveiled the government's new plan under Truss.
But the markets went into meltdown over the government's "growth plan", sparking chaos and even plunging Truss' premiership into doubt.
Here's everything you need to know about Kwarteng's education and his relationship with Liz Truss.
Where was Kwasi Kwarteng educated?
Kwarteng started out his education at a state primary school before moving to the fee-paying preparatory boys school Colet Court, which is now known as St Paul's Juniors.
From there, Kwarteng moved on to study at the elite Eton College, where he won the prestigious Newcastle scholarship.
After leaving school, Kwarteng went on to attend the University of Cambridge, reading classics and history at Trinity College. He then studied at Harvard University on a Kennedy Scholarship.
In 2000 the ex-Chancellor also earned a PhD in economic history from the University of Cambridge.
Are Kwasi Kwarteng and Liz Truss friends?
Kwarteng has been a long-term political ally of Truss, but as well as being colleagues, the pair are also reported to be close friends - although that may change now she's thrown him under the bus.
Speaking about their relationship before the mini Budget, a friend of Kwarteng told The Telegraph: “They have a strong personal friendship and they see completely eye to eye on economic policy.
"More than that, Kwasi will not try to stand in Liz’s way, because he recognises that the Chancellor is only the Second Lord of the Treasury, while the Prime Minister is the first.”
In his letter acknowledging his sacking, Kwarteng ended it by writing: "We have been colleagues and friends for many years. I have seen your dedication and determination. I believe your vision is the right one. It has been an honour to serve as your first Chancellor.
"Your success is the country's success and I wish you well."
Kwarteng and Truss both entered parliament at the same time in 2010 and have since remained close, sharing many of the same ideologies.
In 2012 they even underlined their joint vision for the UK alongside Priti Patel, Dominic Raab and Chris Skidmore in a co-authored book titled Britannia Unchained, which advocated for a small state UK and included the controversial opinion that "the British are among the worst idlers in the world".
Kwarteng and Truss became Downing Street neighbours in their new roles, but it wasn't the first time the politicians had lived in close proximity.
Last year the Chancellor moved to a home in Greenwich after he started a family with his wife Harriet, and they chose a home just a few streets away from Truss' own family home.
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