THIS JUST IN – New UK Prime Minister Liz Truss has appointed her ideological ally and former business secretary of Boris Johnson Kwasi Kwarteng as the new Chancellor of the Exchequer.
Kwarteng had been business and energy minister since January 2021, previously holding a junior role in the department, and he also worked in the Brexit ministry. He described his appointment as “the honour of a lifetime” in a post on social media.
Kwarteng replaces Nadhim Zahawi who took up the role when his predecessor Rishi Sunak quit, saying in his resignation letter to Mr. Johnson that their approaches to the economy were “fundamentally too different”.
The Eton-educated son of Ghanaian immigrants, Mr Kwarteng only took up his first cabinet role last year, but has been a long-term ally of Ms Truss’s since they entered the commons together back in 2010.
“Kwasi Kwarteng clearly has been a big part of Team Truss… So she’s putting in someone who she thinks shares her sort of governing philosophy and priorities,” said Jill Rutter, senior fellow at the Institute for Government think-tank and a former Treasury official.
DNT News, London with correspondence reports from Linda Wayoe
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