Since turning into Prime Minister, Liz Truss has been forming her cupboard.
She appointed Kwasi Kwarteng as Chancellor of the Exchequer on September 6 – making historical past as the primary black particular person to carry the job.
He's set to ship his first mini funds right this moment at 9.30am – having stated yesterday he'll cancel the 1.25 share level Nationwide Insurance coverage (NI) enhance imposed by ex-Chancellor Rishi Sunak to pay for social care and cope with the NHS backlog.
Mr Kwarteng stated he would even be scrapping the deliberate Well being and Social Care Levy which was on account of come into impact subsequent April to interchange the NI rise.
Whereas he earned a repute amongst colleagues as a rising star, Mr Kwarteng waited a number of years earlier than securing his first ministerial place.
Right here’s every thing we find out about him.
Who's Kwasi Kwarteng?
Kwasi Kwarteng – full identify Akwasi Addo Alfred Kwarteng – was born on Might 26, 1975, in Waltham Forest, London.
The 47-year-old is the one baby of Commonwealth Secretariat economist Alfred Ok. Kwarteng, and barrister Charlotte Boaitey-Kwarteng, who emigrated from Ghana as college students within the Nineteen Sixties.
He attended unbiased preparatory college Colet Court docket, the place he gained the Harrow Historical past Prize in 1988.
Mr Kwarteng then went to Eton Faculty the place he was a King’s Scholar.
He studied classics and historical past at Trinity Faculty, Cambridge, the place he achieved a primary in each topics and twice gained the Browne Medal.
In 1995, Mr Kwarteng was a member of the crew which gained hit TV present College Problem when it was revived by the BBC.
Whereas at Cambridge, he was additionally a member of the College Pitt Membership.
Mr Kwarteng additionally attended Harvard College on a Kennedy Scholarship earlier than returning to the College of Cambridge in 2000 to earn a PhD in financial historical past.
Earlier than going into politics, he labored as a columnist for The Every day Telegraph and as a monetary analyst at JPMorgan Chase and different funding banks.
He has additionally written a number of books together with his debut, Ghosts of Empire, in regards to the legacy of the British Empire in 2011.
What's Kwasi Kwarteng’s profession historical past?
Mr Kwarteng’s political profession started in 2005 when he ran as Conservative Get together candidate within the constituency of Brent East, although he completed in third place.
He as soon as once more missed out in 2008 when he positioned sixth on the Conservative listing of candidates for the London Meeting however was not elected.
In 2010, he gained his first political seat when he was chosen because the Conservative candidate for Spelthorne.
Mr Kwarteng was appointed Parliamentary Non-public Secretary to Chancellor of the Exchequer Philip Hammond in 2017, and the next 12 months, he changed Suella Braverman as a minister within the Division for Exiting the EU.
After Boris Johnson grew to become Prime Minister in 2019, he was appointed Minister of State on the Division for Enterprise, Power and Industrial Technique, in addition to added to the Privy Council.
In 2021, he grew to become the UK’s first black Secretary of State, when he changed Alok Sharma as Secretary of State for Enterprise, Power, and Industrial Technique.
New Prime Minister Liz Truss appointed Mr Kwarteng Chancellor of the Exchequer on September 6, with him unveiling his first ‘mini funds’ on September 23.
Is Kwasi Kwarteng married and does he have youngsters?
Mr Kwarteng married solicitor Harriet Edwards in December 2019.
He advised the Every day Mail he proposed to Ms Edwards in Derbyshire and that the couple had been very pleased. He added: ‘We had thought we’d let buddies know gently over the course of the week however, now it’s a narrative.’
Earlier than this, he was beforehand in a relationship with former Conservative Residence Secretary Amber Rudd.
Mr Kwarteng and Ms Edwards welcomed their first baby, a daughter named Ida, in October 2021.
He retains his household life out of the general public eye, not sharing any photos of his spouse or baby on social media.
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