WHEN Liz Truss appointed her Cabinet on September 7, 2022, she chose Kwasi Kwarteng to serve as Chancellor.
Here is everything we know about his life and political career.
Who is Kwasi Kwarteng?
Kwasi Kwarteng is the current Chancellor of the Exchequer, under the new PM Liz Truss.
Kwarteng’s political career began when he was elected the Conservative MP for Spelthorne in 2010 and he has steadily climbed the parliamentary ranks since then.
During his political career, he has had several roles in government, including, Secretary of State for Business, Energy and Industrial Strategy from January 8, 2021, until September 6, 2022.
He worked in the Department for Exiting the European Union from November 16, 2018, to July 24, 2019.
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Prior to working in politics, Kwarteng was a columnist at The Daily Telegraph newspaper and a financial analyst at JPMorgan Chase.
He is a Trinity College, Cambridge, graduate in classics and history and earned a PhD in economic history in 2000.
Kwarteng is also an author and has published several books including Thatcher’s Trial: Six Months That Defined A Leader and Ghosts Of Empire: Britain’s Legacies In The Modern World.
When did Kwasi Kwarteng become Chancellor?
Kwarteng was appointed Chancellor of the Exchequer under Liz Truss’ government on Tuesday, September, 6, 2022.
Kwarteng replaced Nadhim Zahawi who had stepped into the role in July 2022, after Rishi Sunak announced his resignation and entered the Tory Leadership contest.
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Kwarteng is expected to reveal his plan for fixing the nation’s economy, including his mini-budget on Friday, September, 23.
Releasing the details of his mini-budget will be one of his first major tasks since entering the role at the start of September 2022.
Truss has inherited a flagging economy, with inflation at a 40-year high, making Kwarteng’s challenges even greater than previous Chancellors.
He is expected to reveal his plans for providing financial aid to Ukraine during Russia’s ongoing invasion, as well as his plans for billions of pounds worth of tax cuts.
Prior to his appointment to the role, Kwarteng stated that he felt Truss’ government had “two urgent responsibilities”: to help the nation facing “severe price shocks” and to boost economic growth.
He explained: “Action is needed to get families and businesses through this winter and the next.”
Is Kwasi Kwarteng married?
In 2019, Kwarteng married Harriet Edwards, a senior solicitor at the accounting firm, KPMG.
The couple have one child together.
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Their daughter was born in October 15, 2021.
Edwards chooses to remain out of the limelight.