Since 2010, Alfred Kwarteng has served as the Member of Parliament (MP) for Spelthorne in northern Surrey. Kwarteng was born on May 26, 1975.
Prior to serving as Chancellor of the Exchequer under Liz Truss from September to October 2022, he was Secretary of State for Business, Energy, and Industrial Strategy from 2021 to 2022.
Before running for office as an MP, he worked as a financial analyst and a columnist for The Daily Telegraph. Kwarteng was named the Department for Exiting the European Union’s Under-Secretary of State in November 2018.
Kwarteng was promoted to the position of Minister of State for Business, Energy, and Clean Growth in July 2019 when Boris Johnson was chosen as the new prime minister. This duty included attending cabinet meetings. Kwarteng received a promotion to Business Secretary in January 2021.
In 2022, when Johnson announced his resignation, Kwarteng backed Liz Truss’s campaign to lead the Conservative Party. Kwarteng was named Chancellor of the Exchequer after Truss was chosen as Prime Minister.
Kwarteng issued a “mini-budget” on September 23 that included a number of tax cuts, which received harsh criticism and briefly led the value of sterling against the US dollar to drop to its all-time low.
After only 38 days, Kwarteng was removed as Chancellor on October 14. After Iain Macleod, who passed away in office, he was the post-war Chancellor with the second-shortest tenure. Jeremy Hunt succeeded Kwarteng.
What Ethnicity is Kwasi Kwarteng?
Kwasi Kwateng finds his roots in Ghana where his parents were born in the 1940s. They were students who immigrated to Britain in the 1960s, worked hard in their studies, and inspired him to do the same.
He was extremely lucky to receive an Eton College scholarship at the age of 13. After completing his studies there, he went on to study history at Trinity College, Cambridge, where he obtained a Bachelor’s and a Ph.D. in British History. He also joined the University Challenge squad that won the entire series.