Since 2010, Kwasi Kwarteng, a well-known member of the British Conservative Party, has held the position of secretary of state for business, energy, and industrial policy. He was born on May 26, 1975, and is now 47 years old.
He served as Secretary of State for Business, Energy, and Industrial Strategy between 2021 and 2022. He served as Chancellor of the Exchequer for Liz Truss from September to October of that same year.
He worked as a financial analyst and a columnist for The Daily Telegraph before running for parliament as an MP. In November 2018, Kwarteng was appointed as the Under-Secretary of State for the Department for Exiting the European Union.
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. When Johnson announced his resignation in 2022, Kwarteng supported Liz Truss’s bid to become the Conservative Party’s leader.
Kwarteng was named Chancellor of the Exchequer after Truss was chosen as Prime Minister.
Kwarteng unveiled a “mini-budget” on September 23 that included a number of tax cuts, which garnered harsh criticism and briefly caused the value of the sterling in relation to the US dollar to drop to an all-time low.
Kwarteng served as Chancellor for barely 38 days until being dismissed on October 14.
After Iain Macleod, who passed away while in office, he had the second-shortest tenure of any chancellor appointed after World War II. Jeremy Hunt succeeded Kwarteng.
Meet Alfred K. Kwarteng and Charlotte Boaitey-Kwarteng
The parents of Kwasi Kwarteng, who has held the position of Chancellor of the Exchequer since 2022, are known to be Alfred K. Kwarteng and Charlotte Boaitey-Kwarteng.
In the 1960s, Alfred and Charlotte left Ghana as college students. Alfred works as an economist for the Commonwealth Secretariat, while Charlotte is a lawyer. They hold dual citizenship in Ghana and the United Kingdom. They are natives of Africa.