British-born Ghanaian, Kwasi Kwarteng appointed UK’s first black Finance Minister

Subject

Kwasi Kwarteng; UK; Finance Minister

Description

Kwasi Kwarteng, 47, is taking over as head of the British Treasury with the onerous task of trying to pull the UK out of a serious cost of living crisis without plunging the public finances into the abyss.

“There’s a lot of pressure on Kwasi Kwarteng,” as the political longevity of new Prime Minister Liz Truss will be intimately tied to her performance, says Tony Travers, a professor at the London School of Economics (LSE), interviewed by AFP.

The enthusiastic Brexit supporter and early backer of Ms. Truss – whom he is a long-time friend and neighbor in Greenwich, southeast London – is the country’s first black Chancellor of the Exchequer.

He takes over from Nadhim Zahawi, an Iraqi-born Kurd, who himself succeeded Rishi Sunak, of Indian origin, and Sajid Javid, with Pakistani roots, embodying a more inclusive face of the Conservative party.

The son of Ghanaian immigrants who came to the U.K. in the 1960s, the former minister for enterprise, industry, and energy is also a true liberal, an advocate of low taxes and a free market economy.

Creator

By Rédaction Africanews

with AFP

Source

https://www.africanews.com/2022/09/07/british-born-ghanaian-kwasi-kwarteng-appointed-uks-first-black-finance-minister/

Publisher

africannews.com

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