Since he became prime minister Liz Truss has formed her cabinet.
She appointed Kwasi Kwarteng as Chancellor of the Exchequer on September 6, making history the first black person to hold the office.
He will present his first mini-budget today – after saying yesterday he will cancel the 1.25 percentage point increase in National Insurance (NI) imposed by ex-Chancellor Rishi Sunak to pay for social welfare and the NHS arrears to manage something.
Mr Kwarteng said he would also scrap the proposed health and social care levy that was due to come into force next April to replace the NI increase.
While gaining a reputation among peers as a rising star, Mr. Kwarteng waited several years before securing his first ministerial position.
Here’s everything we know about the cabinet member.
Who is Kwasi Kwarteng?
Kwasi Kwarteng – full name Akwasi Addo Alfred Kwarteng – was born in Waltham Forest on May 26, 1975, London.
The 47-year-old is the only child of Commonwealth Secretariat economist Alfred K. Klisten and lawyer Charlotte Boaitey-Kwarteng, who emigrated from Ghana as students in the 1960s.
He attended Colet Court independent preparatory school where he won the 1988 Harrow History Prize.
Mr. Kwarteng then went to Eton College where he was a King’s Scholar.
He studied Classics and History at Trinity College, Cambridge, where he took first place in both subjects and won the Browne Medal twice.
In 1995, Mr. Kwarteng was part of the team that won the hit TV show University Challenge when it was revived by the BBC.
During his time at Cambridge he was also a member of the University Pitt Club.
Mr. Kwarteng also attended Harvard University on a Kennedy Fellowship before returning to the University of Cambridge in 2000 to pursue a PhD in Economic History.
Before entering politics, he worked as a columnist for The Daily Telegraph and as a financial analyst at JPMorgan Chase and other investment banks.
He has also written several books, including his debut, Ghosts of Empire, about the legacy of the British Empire in 2011.
What does Kwasi Kwarteng’s career path look like?
Mr. Kwarteng’s political career began in 2005 when he ran for Conservative Party candidate in the Brent East constituency, although he finished third.
He missed out again in 2008 when he finished sixth on the Conservative list of candidates for the London Assembly but was not elected.
In 2010 he won his first political seat when he was selected as the Conservative candidate for Spelthorne.
Mr Kwarteng was appointed Parliamentary Private Secretary to Treasury Secretary Philip Hammond in 2017, and the following year he replaced Suella Braverman as Minister in the Department for Exiting the EU.
After Boris Johnson became Prime Minister in 2019, he was appointed Minister of State at the Department for Business, Energy and Industrial Strategy and was placed on the Privy Council.
In 2021 he became Britain’s first black Foreign Secretary when he replaced Alok Sharma as Foreign Secretary for Business, Energy and Industrial Strategy.
New Prime Minister Liz Truss appointed Mr Kwarteng as Chancellor of the Exchequer on September 6, unveiling his first “mini-budget” on September 23.
Is Kwasi Kwarteng married and does he have children?
Mr Kwarteng married solicitor Harriet Edwards in December 2019.
He told the Daily Mail he had proposed to Mrs Edwards in Derbyshire and the couple were very happy. He added, “We thought we’d be softly sharing with friends throughout the week, but now it’s a story.”
He was previously in a relationship with former Conservative Home Secretary Amber Rudd.
Mr Kwarteng and Ms Edwards welcomed their first child, a daughter named Ida, in October 2021.
He keeps his family life out of the public eye and doesn’t share pictures of his wife or child on social media.
MORE: Liz Truss vows to make ‘unpopular’ decisions to boost UK economy
MORE: Kwasi Kwarteng says PM’s Jimmy Savile is ‘perfectly sane’
MORE: Social Security rise will be reversed within weeks, Chancellor confirms
Follow Metro on our social channels, on Facebook, Twitter and Instagram
Share your views in the comments below
Get the top news, feel-good stories, analysis and more
https://metro.co.uk/2022/09/23/who-is-kwasi-kwarteng-inside-chancellors-career-path-and-family-life-17432083/ Who is Kwasi Kwarteng? Insights into the career path and family life of the Chancellor