Did a mixture of incompetence and racism lead to Liz Truss's firing of Exchequer Kwasi Kwarteng?

Britain's Chancellor of the Exchequer Kwasi Kwarteng, left and Prime Minister Liz Truss during a tribute to the late Queen Elizabeth II at the start of the Conservative Party annual conference in Birmingham, England. Truss fired Kwarteng on Friday. [AP]

Kwasi Kwarteng's stint as Chancellor of the Exchequer (Finance Minister) goes down as the second shortest in British history.

British-born and of Ghanaian heritage, Kwarteng was Chancellor for only 38 days, achieving the awkward distinction of being the official runner-up to Iain McLeod who served for 30 days in 1970 before dying of a heart attack.