The crisis began following the 23 September 2022 United Kingdom mini-budget, which was received negatively by the world financial markets. It ultimately led to the dismissal of the chancellor of the Exchequer, Kwasi Kwarteng, on 14 October, and his replacement by Jeremy Hunt. In the following days Truss came under increasing pressure to reverse further elements of the mini-budget to satisfy the markets, and by 17 October five Conservative Members of Parliament had called for her resignation.