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Kwasi Kwarteng reportedly thinks that Liz Truss has only weeks left as UK prime minister after she sacked him as chancellor and reversed key parts of their mini-Budget, The Independent reports.

Mr Kwarteng believes that Ms Truss only bought herself “a few weeks” left in the job by forcing him out, according to a source quoted in The Times.

The chancellor learnt he was being sacked after reading about in The Times, the paper reported.

He had flown back early from the talks at the International Monetary Fund in America to be told by Ms Truss that he would have to step aside.

“Kwasi thinks it only buys her a few more weeks,” a source told the paper.

“His view is that the wagons are still going to circle.”

One Whitehall source added: “Senior civil servants are now openly talking about her going. They think she’s had it.”

Ms Truss reportedly found it hard to sack her ideological ally Mr Kwarteng but felt it had to be done.

She called the new chancellor Jeremy Hunt at 9:30am on Friday to offer him the job. Mr Hunt, who was on holiday with his family in Belgium, took the Eurostar back to London and arrived back in the UK after 1pm, the paper reported.

The draft forecasts from the Office for Budget Responsibility were reportedly the catalyst for Ms Truss’s drastic shake-up.