Kwasi Kwarteng: Difference between revisions

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			Lol i was sacked
	'''Akwasi Addo Alfred Kwarteng''' (born 26 May 1975)<ref>{{London Gazette \|issue=59418 \|date=13 May 2010 \|page=8745}}</ref><ref>{{cite news \|url=http://news.bbc.co.uk/democracylive/hi/representatives/profiles/35251.stm \|title=Kwasi Kwarteng MP \|work=BBC Democracy Live \|publisher=] \|access-date=25 July 2010 \|archive-date=4 March 2016 \|archive-url=https://web.archive.org/web/20160304101548/http://news.bbc.co.uk/democracylive/hi/representatives/profiles/35251.stm \|url-status=dead}}</ref> is a British ] politician who has been the ] (MP) for ] in northern ] since May 2010. He was ] from 2021 to 2022, and ] for the ] government between September and October 2022.<ref name=":1">{{cite web \|title=Kwasi Kwarteng out as chancellor after mini-budget backlash \|url=https://www.bbc.co.uk/news/live/uk-politics-63221738 \|access-date=14 October 2022 \|publisher=BBC News \|language=en-GB}}</ref>

	Kwarteng was born in London to Ghanaian immigrant parents and was educated at ] and ]. He worked as a columnist for '']'' and as a financial analyst before standing for election as an MP. In November 2018, Kwarteng was appointed ] at the ]. Following the election of ] as leader of the Conservative Party, and hence Prime Minister, in July 2019, Kwarteng was promoted to ], attending ]. In January 2021, Kwarteng was promoted to the office of ].

	After Johnson resigned in 2022, Kwarteng supported ]'s bid to become Conservative leader. Following Truss's appointment as Prime Minister, she appointed Kwarteng as ]. His appointment made him the first black person to serve as Chancellor of the Exchequer.<ref>https://www.politico.eu/article/uk-first-black-chancellor-kwasi-kwarteng/amp/</ref> On 23 September, Kwarteng announced various tax cuts in a "]" that was widely criticised and which briefly caused ] to fall to its lowest-ever level against the US dollar. Kwarteng was dismissed as Chancellor on 14 October after 38 days, making him the second-shortest-serving post-war Chancellor.

	==Early life and education==
	Akwasi Addo Alfred Kwarteng was born in the ] on 26 May 1975,<ref name="x3">{{cite news \|url=https://www.thetimes.co.uk/article/challenging-brief-for-cabinet-new-boy-kwasi-kwarteng-vj9p6jz5r \|work=The Sunday Times \|title=Challenging brief for cabinet new boy Kwasi Kwarteng \|date=16 January 2021 \|access-date=25 September 2022 \|last=Collingridge \|first=John \|archive-date=16 January 2021 \|archive-url=https://web.archive.org/web/20210116184825/https://www.thetimes.co.uk/article/challenging-brief-for-cabinet-new-boy-kwasi-kwarteng-vj9p6jz5r \|issn=0140-0460 \|url-access=subscription \|url-status=live}}</ref> the only child<ref name="Amiable geek">{{cite news \|last1=Ellery \|first1=Ben \|title=Kwasi Kwarteng: The 'amiable geek' set to be UK's next chancellor \|url=https://www.thetimes.co.uk/article/kwasi-kwarteng-the-amiable-geek-set-to-be-uks-next-chancellor-2bw6lh2c3 \|access-date=26 August 2022 \|work=The Times \|date=26 August 2022 \|url-access=subscription \|archive-date=30 August 2022 \|archive-url=https://web.archive.org/web/20220830161358/https://www.thetimes.co.uk/article/kwasi-kwarteng-the-amiable-geek-set-to-be-uks-next-chancellor-2bw6lh2c3 \|url-status=live}}</ref> of Alfred K. Kwarteng and Charlotte Boaitey-Kwarteng, who had emigrated from ] as students in the 1960s.<ref name="staines news"> {{webarchive \|url=https://web.archive.org/web/20110724162602/http://www.stainesnews.co.uk/staines-and-ashford-news/news-staines-and-ashford/2010/01/25/tories-adopt-black-boris-as-candidate-54472-25680078/ \|date=24 July 2011}}, ''Staines News'', 25 January 2010.</ref><ref name="website">{{cite web \|url=http://www.kwart2010.com/about/ \|title=Biography \|publisher=Kwart2010.com \|url-status=dead \|archive-url=https://web.archive.org/web/20100510223513/http://www.kwart2010.com/about/ \|archive-date=10 May 2010}} Archived at archive.org 10 July 2010.</ref> His mother is a ]<ref>{{cite web \|title='2 out of 12 at 100' – Marking 100 years of Women in Law \|url=https://www.lmh.ox.ac.uk/events/2-out-12-100-marking-100-years-women-law \|publisher=Lady Margaret Hall, Oxford \|access-date=12 October 2021 \|archive-date=29 October 2021 \|archive-url=https://web.archive.org/web/20211029171543/https://www.lmh.ox.ac.uk/events/2-out-12-100-marking-100-years-women-law \|url-status=live}}</ref> and his father an economist in the ].<ref name="website"/><ref>{{cite news \|title=Kwasi Kwarteng: The rising star of politics and letters \|url=https://www.theguardian.com/theobserver/2011/jul/31/observer-profile-kwasi-kwarteng \|newspaper=The Observer \|date=31 July 2011 \|first=Sunder \|last=Katwala \|access-date=4 September 2019 \|archive-date=4 September 2019 \|archive-url=https://web.archive.org/web/20190904070540/https://www.theguardian.com/theobserver/2011/jul/31/observer-profile-kwasi-kwarteng \|url-status=live}}</ref>

	After starting school at a state primary school in Waltham Forest,<ref name="Neate" /> Kwarteng attended ], an independent preparatory school in London, where he won the ] in 1988.<ref>{{cite news \|url=https://www.thetimes.co.uk/article/kwasi-kwarteng-big-brain-big-mouth-big-tory-future-on-hold-zn0zpv0mt9w \|title=Kwasi Kwarteng: Big brain, big mouth, big Tory future on hold \|last=Kinchen \|first=Rosie \|date=4 May 2014 \|work=The Sunday Times \|access-date=2 October 2019 \|issn=0956-1382 \|archive-date=2 October 2019 \|archive-url=https://web.archive.org/web/20191002204024/https://www.thetimes.co.uk/article/kwasi-kwarteng-big-brain-big-mouth-big-tory-future-on-hold-zn0zpv0mt9w \|url-status=live \|url-access=subscription}}</ref> Then Kwarteng went to ], where he was a ] and was awarded the ] prize.<ref name=Neate>{{cite news \|url=https://www.theguardian.com/politics/2021/oct/11/kwasi-kwarteng-the-business-bringing-spark-to-the-energy-crisis \|work=The Guardian \|title=Kwasi Kwarteng: the business secretary bringing spark to the energy crisis \|date=11 October 2021 \|access-date=24 September 2022 \|last=Neate \|first=Rupert \|archive-date=24 September 2022 \|archive-url=https://web.archive.org/web/20220924112825/https://www.theguardian.com/politics/2021/oct/11/kwasi-kwarteng-the-business-bringing-spark-to-the-energy-crisis \|url-status=live}}</ref> He read classics and history at ], matriculating in 1993. He achieved a double ],<ref name="upsetting" /><ref> {{Webarchive \|url=https://web.archive.org/web/20221005101752/https://www.trin.cam.ac.uk/wp-content/uploads/TRINITY-2021-AR-web-singles-2021-2221-1.pdf \|date=5 October 2022 }} - website of ]</ref><ref name=Neate/> and twice won the ].<ref>{{cite news \|url=https://www.newstatesman.com/politics/conservatives/2022/09/kwasi-kwarteng-great-gamble-pay-off \|title=Will Kwasi Kwarteng's great gamble pay off? \|work=] \|last=Lambert \|first=Harry \|date=22 September 2022 \|access-date=24 September 2022 \|archive-date=23 September 2022 \|archive-url=https://web.archive.org/web/20220923230553/https://www.newstatesman.com/politics/conservatives/2022/09/kwasi-kwarteng-great-gamble-pay-off \|url-status=live}}</ref> He was a member of the team which won the BBC quiz show '']'' in 1995.<ref name="website"/><ref>{{cite web \|url=http://www.blanchflower.org/uc/uctrin.html \|title=Trinity on University Challenge \|publisher=Sean Blanchflower \|access-date=17 May 2010 \|archive-date=14 April 2010 \|archive-url=https://web.archive.org/web/20100414095534/http://www.blanchflower.org/uc/uctrin.html \|url-status=live}}</ref> At Cambridge, he was a member of the ], and has since returned to visit.<ref>{{cite news \|url=https://www.theguardian.com/education/2020/sep/04/pizza-express-troubles-threaten-future-cambridge-university-pitt-club \|title=Elite Cambridge club asks members for £50,000 to keep it open \|last=Bland \|first=Archie \|date=4 September 2020 \|work=The Guardian \|access-date=2 October 2021 \|issn=0956-1382 \|archive-date=2 June 2021 \|archive-url=https://web.archive.org/web/20210602201749/https://www.theguardian.com/education/2020/sep/04/pizza-express-troubles-threaten-future-cambridge-university-pitt-club \|url-status=live}}</ref> He was a ] for a year at ],<ref name=Neate /><ref>{{cite web \|publisher=Kennedy Memorial Trust \|url=https://www.kennedytrust.org.uk/display.aspx?id=1858&pid=0&tabId=230 \|title=Full List of Kennedy Scholars \|access-date=30 September 2022 \|archive-date=30 September 2022 \|archive-url=https://web.archive.org/web/20220930221011/https://www.kennedytrust.org.uk/display.aspx?id=1858&pid=0&tabId=230 \|url-status=live}}</ref> and then earned a ] degree in ] from the ] in 2000, with a thesis on the ].<ref>{{cite thesis \|first=Kwasi Alfred Addo \|last=Kwarteng \|title=Political thought of the recoinage crisis of 1695–7 \|degree=PhD \|url=https://www.repository.cam.ac.uk/handle/1810/251742 \|id={{EThOS\|uk.bl.ethos.621890}} \|publisher=University of Cambridge\|oclc=894597679\|website=cam.ac.uk \|access-date=25 March 2018 \|archive-date=13 September 2018 \|archive-url=https://web.archive.org/web/20180913040240/https://www.repository.cam.ac.uk/handle/1810/251742 \|url-status=live}} {{free access}}</ref>

	==Early career==
	Before becoming a member of parliament, Kwarteng worked as a columnist for '']'' and as a financial analyst at ] as well as at ] and the hedge fund ].<ref>{{cite news \|last=Pickard \|first=Jim \|date=19 January 2021 \|title=Kwasi Kwarteng, the free marketeer learning benefits of state action \|work=Financial Times \|url=https://www.ft.com/content/3054c38a-4faf-4b2e-88d4-93faa55e6d10 \|url-status=live \|access-date=19 January 2021 \|archive-date=19 January 2021 \|archive-url=https://web.archive.org/web/20210119040115/https://www.ft.com/content/3054c38a-4faf-4b2e-88d4-93faa55e6d10 \|url-access=subscription}}</ref><ref name="x3"/><ref>{{cite web \|title=Kwasi Kwarteng: free marketeer and Truss's ideological soulmate becomes chancellor \|url=https://www.theguardian.com/politics/2022/sep/06/kwasi-kwarteng-free-marketeer-and-truss-ideological-soulmate-becomes-chancellor \|website=] \|date=6 September 2022 \|access-date=23 September 2022 \|archive-date=22 September 2022 \|archive-url=https://web.archive.org/web/20220922191456/https://www.theguardian.com/politics/2022/sep/06/kwasi-kwarteng-free-marketeer-and-truss-ideological-soulmate-becomes-chancellor \|url-status=live}}</ref> He wrote a book, ''Ghosts of Empire'', about the legacy of the ], published by ] in 2011.<ref name="website"/> He also co-authored ''Gridlock Nation'' with Jonathan Dupont in 2011, about the causes of and solutions to traffic congestion in Britain.<ref>{{cite news \|first=Steven \|last=Poole \|url=https://www.theguardian.com/books/2011/oct/07/steven-poole-non-fiction-choice-reviews \|title=Et cetera: Steven Poole's non-fiction choice – reviews \|work=The Guardian \|date=7 October 2011 \|access-date=1 November 2012 \|location=London \|archive-date=6 March 2016 \|archive-url=https://web.archive.org/web/20160306155450/http://www.theguardian.com/books/2011/oct/07/steven-poole-non-fiction-choice-reviews \|url-status=live}}</ref>

	=== Early political career ===
	Considered "a rising star on the right of the party" by 2015,<ref name="BBC33092329">{{cite news \|date=11 June 2015 \|title=Turn benefits into repayable loan, says Tory group \|publisher=BBC News \|url=https://www.bbc.co.uk/news/uk-politics-33092329 \|url-status=live \|access-date=27 October 2015 \|archive-url=https://web.archive.org/web/20150828010744/http://www.bbc.co.uk/news/uk-politics-33092329 \|archive-date=28 August 2015}}</ref> Kwarteng initially became a ] candidate in the constituency of ] at the ]. He finished in third place.<ref>{{cite web \|title=Election results for Brent East \|date=5 May 2005 \|url=https://democracy.brent.gov.uk/mgElectionAreaResults.aspx?ID=28&RPID=0 \|publisher=Brent Council \|access-date=23 September 2022 \|archive-date=23 September 2022 \|archive-url=https://web.archive.org/web/20220923134628/https://democracy.brent.gov.uk/mgElectionAreaResults.aspx?ID=28&RPID=0 \|url-status=live}}</ref> Kwarteng was chairman of the conservative think tank ] in 2006.<ref>{{cite news \|url=https://www.theguardian.com/open-weekend/kwasi-kwarteng \|title=Kwasi Kwarteng, Conservative MP and author \|work=The Guardian \|date=2 February 2012 \|access-date=25 September 2022 \|archive-date=14 October 2022 \|archive-url=https://web.archive.org/web/20221014201807/https://www.theguardian.com/open-weekend/kwasi-kwarteng \|url-status=live}}</ref> In the same year, '']'' suggested that he could become the first black Conservative ].<ref>{{cite news \|url=http://www.timesonline.co.uk/tol/news/article696213.ece \|title=Power couple behind the new Tory throne \|archive-url=https://web.archive.org/web/20080727012401/http://www.timesonline.co.uk/tol/news/article696213.ece \|archive-date=27 July 2008 \|work=The Times \|date=26 March 2006}}</ref> He was sixth on the Conservative list of candidates for the ] in the ], but was not elected, as the Conservatives obtained only three London-wide list seats.<ref>{{cite web \|url=https://www.londonelects.org.uk/im-voter/election-results/results-2008 \|title=Results 2008 \|access-date=24 September 2022 \|publisher=London Elects \|archive-date=25 September 2022 \|archive-url=https://web.archive.org/web/20220925093757/https://www.londonelects.org.uk/im-voter/election-results/results-2008 \|url-status=live}}</ref><ref name="upsetting">{{cite web \|url=https://news.sky.com/story/who-is-kwasi-kwarteng-the-new-chancellor-who-has-been-unafraid-of-upsetting-his-party-12690759 \|title=Who is Kwasi Kwarteng? The new chancellor who has been unafraid of upsetting his party \|last=Scott \|first=Jennifer \|date=7 September 2022 \|access-date=24 September 2022 \|publisher=] \|archive-date=24 September 2022 \|archive-url=https://web.archive.org/web/20220924113241/https://news.sky.com/story/who-is-kwasi-kwarteng-the-new-chancellor-who-has-been-unafraid-of-upsetting-his-party-12690759 \|url-status=live}}</ref>

	==Parliamentary career==
	=== 2010 election and tenure ===
	] event in 2012]]
	Kwarteng was selected as the Conservative candidate for ] in January 2010.<ref>{{cite news \|title=Kwasi Kwarteng wins Spelthorne open primary \|url=https://www.getsurrey.co.uk/news/local-news/kwasi-kwarteng-wins-spelthorne-open-4821406 \|publisher=Surrey Live \|date=23 January 2010 \|accessdate=15 October 2022 \|archive-date=25 October 2021 \|archive-url=https://web.archive.org/web/20211025043054/https://www.getsurrey.co.uk/news/local-news/kwasi-kwarteng-wins-spelthorne-open-4821406 \|url-status=live }}</ref> Kwarteng won the seat with a majority of 10,019 votes (21.2%).<ref>{{cite web \|url=http://news.bbc.co.uk/1/shared/election2010/results/constituency/e34.stm \|publisher=BBC News \|access-date=24 September 2022 \|title=Spelthorne \|archive-date=23 August 2017 \|archive-url=https://web.archive.org/web/20170823070447/http://news.bbc.co.uk/1/shared/election2010/results/constituency/e34.stm \|url-status=live}}</ref> Kwarteng did not vote on the backbench EU Referendum Bill in October 2011.<ref>{{cite news \|url=https://www.theguardian.com/news/datablog/2011/oct/26/eu-referendum-davidcameron \|title=Naming the MPs who voted for an EU referendum \|work=The Guardian \|last=Evans \|first=Lisa \|date=26 October 2011 \|access-date=10 January 2021 \|archive-date=16 May 2021 \|archive-url=https://web.archive.org/web/20210516161149/https://www.theguardian.com/news/datablog/2011/oct/26/eu-referendum-davidcameron \|url-status=live}}</ref> In 2013 he described the ] housing scheme as "inflationary".<ref>{{cite news \|url=https://www.theguardian.com/uk/2013/mar/22/housing-policy-wealthy-second-homes \|title=Government's new housing policy 'can help wealthy buy second homes' \|work=The Guardian \|last=Jowit \|first=Juliette \|date=22 March 2013 \|access-date=10 January 2021 \|archive-date=12 January 2021 \|archive-url=https://web.archive.org/web/20210112090956/https://www.theguardian.com/uk/2013/mar/22/housing-policy-wealthy-second-homes \|url-status=live}}</ref>

	In 2014, his book, ''War and Gold: A Five-Hundred-Year History of Empires, Adventures and Debt'', was published. It is a history of capital and the enduring ability of money, when combined with speculation, to ruin societies.<ref>{{cite web \|url=https://www.theguardian.com/books/2014/may/12/war-gold-500-year-history-study-money-society-kwarteng-review \|title=War and Gold: A Five-Hundred-Year History of Empires, Adventures and Debt review – a comprehensive study of money and society \|author=Anthony Sattin \|work=] \|date=12 May 2014 \|access-date=12 December 2016 \|archive-date=1 January 2017 \|archive-url=https://web.archive.org/web/20170101163610/https://www.theguardian.com/books/2014/may/12/war-gold-500-year-history-study-money-society-kwarteng-review \|url-status=live}}</ref> In 2015, his next book, ''Thatcher's Trial: Six Months That Defined a Leader'', was published.<ref>{{cite news \|url=https://www.thetimes.co.uk/article/thatchers-trial-six-months-that-defined-a-leader-by-kwasi-kwarteng-788sktq3dpx \|work=The Times \|date=26 September 2015 \|last=Webster \|first=Philip \|title=Thatcher's Trial: Six Months That Defined a Leader by Kwasi Kwarteng \|access-date=24 September 2022 \|archive-date=24 September 2022 \|archive-url=https://web.archive.org/web/20220924175230/https://www.thetimes.co.uk/article/thatchers-trial-six-months-that-defined-a-leader-by-kwasi-kwarteng-788sktq3dpx \|url-status=live}}</ref>

	Kwarteng was re-elected at the ] with an increased majority of 14,152 votes.<ref>{{cite web \|url=https://electionresults.parliament.uk/election/2015-05-07/Results/Location/Constituency/Spelthorne/ \|title=Spelthorne (Constituency) 2015 results \|publisher=UK Parliament \|access-date=25 September 2022 \|archive-date=25 September 2022 \|archive-url=https://web.archive.org/web/20220925093751/https://electionresults.parliament.uk/election/2015-05-07/Results/Location/Constituency/Spelthorne/ \|url-status=live}}</ref> Kwarteng backed the UK's withdrawal from the ] in the ].<ref name=":0">{{cite web \|url=https://www.foreignaffairs.com/interviews/2016-07-10/brexiteers-celebration \|first=Stuart \|last=Reid \|title=A Brexiteer's Celebration – a conversation with Kwasi Kwarteng \|work=Foreign Affairs \|date=10 July 2016 \|access-date=6 September 2016 \|archive-date=20 September 2016 \|archive-url=https://web.archive.org/web/20160920090613/https://www.foreignaffairs.com/interviews/2016-07-10/brexiteers-celebration \|url-status=live}}</ref>

	=== Early ministerial career (2017–2019) ===
	Following the ], Kwarteng was appointed ] to Chancellor of the Exchequer ].<ref>{{cite web \|url=https://conservativehome.com/2017/06/28/parliamentary-private-secretaries-full-list/ \|title=Parliamentary Private Secretaries: full list \|publisher=ConservativeHome \|access-date=24 September 2022 \|date=28 June 2017 \|archive-date=25 September 2022 \|archive-url=https://web.archive.org/web/20220925094348/https://conservativehome.com/2017/06/28/parliamentary-private-secretaries-full-list/ \|url-status=live}}</ref> On 16 November 2018, Kwarteng replaced ] as a minister in the ].<ref name="kwasiappoint">{{cite news \|title=Stephen Barclay named new Brexit Secretary \|url=https://www.bbc.com/news/uk-46241693 \|url-status=live \|publisher=BBC News \|date=16 November 2018 \|access-date=16 November 2018 \|archive-url=https://web.archive.org/web/20181118034205/https://www.bbc.com/news/uk-46241693 \|archive-date=18 November 2018}}</ref>

	Kwarteng supported Boris Johnson in the ].<ref>{{cite news \|archive-date=19 September 2019 \|archive-url=https://web.archive.org/web/20190919020312/https://ig.ft.com/uk-prime-minister-leadership-contest/ \|date=20 June 2019 \|url=https://ig.ft.com/uk-prime-minister-leadership-contest/ \|url-status=dead \|work=Financial Times \|last1=Payne \|first1=Sebastian \|last2=Tilford \|first2=Cale \|last3=Kao \|first3=Joanna \|last4=Stabe \|first4=Martin \|title=UK's next prime minister — who are the lead candidates?}}</ref> After Johnson's victory, Kwarteng was appointed ] at the ] on 25 July 2019 along with ], a brother of the Prime Minister.<ref>{{cite web \|url=https://www.theguardian.com/politics/2019/jul/24/boris-johnson-first-cabinet-whos-who \|first1=Heather \|last1=Stewart \|first2=Rowena \|last2=Mason \|first3=Jessica \|last3=Elgot \|first4=Peter \|last4=Walker \|title=Who's who in Boris Johnson's first cabinet \|work=The Guardian \|date=25 July 2019 \|access-date=25 July 2019 \|archive-date=5 February 2020 \|archive-url=https://web.archive.org/web/20200205005316/https://www.theguardian.com/politics/2019/jul/24/boris-johnson-first-cabinet-whos-who \|url-status=live}}</ref> He was appointed to the ] on the same day.<ref>{{cite web \|title=Orders Approved and Business Transacted at the Privy Council Held by the Queen at Buckingham Palace on 25th July 2019 \|url=http://privycouncil.independent.gov.uk/wp-content/uploads/2019/07/2019-07-25-List-of-Business.pdf \|date=2019 \|publisher=Privy Council Office \|access-date=30 July 2019 \|archive-date=30 July 2019 \|archive-url=https://web.archive.org/web/20190730112009/http://privycouncil.independent.gov.uk/wp-content/uploads/2019/07/2019-07-25-List-of-Business.pdf \|url-status=live}}</ref>

	In September 2019, Kwarteng stated on '']'': "I'm not saying this, but, many people are saying that the judges are biased"<ref name=Neil/> after the ] ruled that Boris Johnson's ] was illegal. Kwarteng added: "The extent to which lawyers and judges are interfering in politics is something that concerns many people." Defence Secretary ] and the then Housing Secretary ] distanced themselves from his comments and defended the judiciary. Opposition MPs, the chair of the ], and the chair of the ] criticised his comments.<ref name=Neil>{{cite news \|url=https://www.bbc.com/news/uk-politics-49670901 \|title=Kwasi Kwarteng criticised for 'biased judges' comment \|publisher=BBC News \|date=12 September 2019 \|access-date=12 September 2019 \|archive-date=12 September 2019 \|archive-url=https://web.archive.org/web/20190912074504/https://www.bbc.com/news/uk-politics-49670901 \|url-status=live}}</ref><ref>{{cite news \|url=https://www.theguardian.com/politics/2019/sep/12/brexit-kwasi-kwarteng-criticised-for-biased-judges-comment \|work=The Guardian \|date=12 September 2019 \|title=Brexit: Kwasi Kwarteng criticised for 'biased judges' comment \|last=Mohdin \|first=Aamna \|access-date=25 September 2022 \|archive-date=25 September 2022 \|archive-url=https://web.archive.org/web/20220925093751/https://www.theguardian.com/politics/2019/sep/12/brexit-kwasi-kwarteng-criticised-for-biased-judges-comment \|url-status=live}}</ref>

	=== Secretary of State for Business, Energy and Industrial Strategy (2021–2022) ===
	]
	On 8 January 2021, as part of a mini-reshuffle, he replaced ] as ].<ref>{{cite press release \|url=https://www.gov.uk/government/news/alok-sharma-becomes-full-time-cop26-president-and-kwasi-kwarteng-is-appointed-as-secretary-of-state-for-business \|work=GOV.UK \|title=Alok Sharma becomes full-time COP26 president and Kwasi Kwarteng is appointed as Secretary of State for Business \|date=8 January 2021 \|access-date=16 November 2021 \|archive-date=8 January 2021 \|archive-url=https://web.archive.org/web/20210108171813/https://www.gov.uk/government/news/alok-sharma-becomes-full-time-cop26-president-and-kwasi-kwarteng-is-appointed-as-secretary-of-state-for-business \|url-status=live}}</ref> He committed the department to cutting global emissions to stop climate change.<ref>{{cite web \|last=Watts \|first=Rob \|date=20 April 2021 \|title=UK commits to 'world's most ambitious target' for emissions cuts \|url=https://www.upstreamonline.com/energy-transition/uk-commits-to-worlds-most-ambitious-target-for-emissions-cuts/2-1-998542 \|url-status=live \|access-date=10 May 2021 \|work=Upstream Online \|archive-date=10 May 2021 \|archive-url=https://web.archive.org/web/20210510034808/https://www.upstreamonline.com/energy-transition/uk-commits-to-worlds-most-ambitious-target-for-emissions-cuts/2-1-998542}}</ref>

	====Dissolving ISC====
	In March 2021, he was criticised for dissolving the Industrial Strategy Council, the advisory body seeking to regenerate Britain's regions.<ref>{{Cite news \|url=https://www.theguardian.com/business/2021/mar/04/business-leaders-condemn-decision-axe-uk-industry-strategy-panel \|title=UK business leaders condemn 'sad and bad' axing of industrial strategy panel \|work=The Guardian \|last=Inman \|first=Phillip \|date=4 March 2021 \|access-date=4 January 2022 \|archive-date=1 December 2021 \|archive-url=https://web.archive.org/web/20211201074456/https://www.theguardian.com/business/2021/mar/04/business-leaders-condemn-decision-axe-uk-industry-strategy-panel \|url-status=live}}</ref> In the days after the ] climate summit, Kwarteng met oil industry bosses to encourage them to continue drilling in the North Sea.<ref>{{cite news \|last=Gosden \|first=Emily \|title=Kwasi Kwarteng courted oil bosses after Cop26 \|work=The Times \|url=https://www.thetimes.co.uk/article/kwasi-kwarteng-courted-oil-bosses-after-cop26-6wkf0sdd8 \|date=3 January 2022 \|access-date=3 January 2022 \|issn=0140-0460 \|archive-date=3 January 2022 \|archive-url=https://web.archive.org/web/20220103005423/https://www.thetimes.co.uk/article/kwasi-kwarteng-courted-oil-bosses-after-cop26-6wkf0sdd8 \|url-status=live \|url-access=subscription}}</ref>

	In January 2022, while on a trip to ], Kwarteng accepted flights and hospitality from ], the majority state-owned energy firm. Kwarteng was also gifted a £300 Lenovo tablet. The ] department transparency data revealed that Kwarteng travelled to Saudi Arabia on a commercial flight costing the taxpayer £4,430. He also visited Aramco's ] oil field with the Saudi energy minister, although this was not logged in BEIS transparency records. Opposition politicians criticised Kwarteng for accepting the Saudi state's hospitality, particularly in light of their human rights record, and raised concerns over whether he broke the ministerial code.<ref>{{cite web \|url=https://www.businessinsider.com/business-secretary-kwasi-kwarteng-flown-around-saudi-arabia-by-aramco-2022-7?r=US&IR=T \|title=Business Secretary Kwasi Kwarteng travelled around Saudi Arabia on flights paid by energy giant Aramco \|access-date=18 July 2022 \|website=Business Insider \|archive-date=30 August 2022 \|archive-url=https://web.archive.org/web/20220830161357/https://www.businessinsider.com/business-secretary-kwasi-kwarteng-flown-around-saudi-arabia-by-aramco-2022-7?r=US&IR=T \|url-status=live}}</ref>

	==== 2021 gas crisis ====
	{{main\|2021 United Kingdom natural gas supplier crisis}}
	From August 2021, high European wholesale ] prices caused some smaller domestic suppliers in the United Kingdom to go out of business. In September 2021, the ] caused serious disruption to the supply of road fuel.<ref>{{cite news \|title=Fuel crisis: Business Secretary Kwasi Kwarteng 'not guaranteeing anything' over impact on Christmas \|access-date=16 November 2021 \|last=Morris \|first=Sophie \|url=https://news.sky.com/story/fuel-crisis-business-secretary-kwasi-kwarteng-not-guaranteeing-anything-over-impact-on-christmas-12421137 \|publisher=Sky News \|date=29 September 2021 \|archive-date=30 September 2021 \|archive-url=https://web.archive.org/web/20210930073012/https://news.sky.com/story/fuel-crisis-business-secretary-kwasi-kwarteng-not-guaranteeing-anything-over-impact-on-christmas-12421137 \|url-status=live}}</ref> Kwarteng said that "There is no question of the lights going out, of people being unable to heat their homes. There will be no ], or a throwback to the 1970s."<ref>{{cite news \|title=Where does the UK get its gas and is it facing a shortage this winter? \|access-date=16 November 2021 \|url=https://www.bbc.com/news/business-58637094 \|work=] \|date=21 September 2021 \|archive-date=19 October 2021 \|archive-url=https://web.archive.org/web/20211019043638/https://www.bbc.com/news/business-58637094 \|url-status=live}}</ref> He also said that the government would not rescue failed companies.<ref>{{cite news \|title=UK gas supply issues will not see 'lights going out', business secretary Kwarteng says \|url=https://www.irishtimes.com/business/energy-and-resources/uk-gas-supply-issues-will-not-see-lights-going-out-business-secretary-kwarteng-says-1.4678707 \|newspaper=] \|last=Staunton \|first=Denis \|date=20 September 2021 \|access-date=16 November 2021 \|archive-date=28 September 2021 \|archive-url=https://web.archive.org/web/20210928185354/https://www.irishtimes.com/business/energy-and-resources/uk-gas-supply-issues-will-not-see-lights-going-out-business-secretary-kwarteng-says-1.4678707 \|url-status=live}}</ref> ], Labour's shadow business secretary, accused Kwarteng of being complacent.<ref>{{cite news \|title=Kwasi Kwarteng vetoes subsidies for gas supply giants to take on rivals' clients \|url=https://www.theguardian.com/business/2021/sep/23/kwasi-kwarteng-vetoes-subsidies-for-gas-supply-giants-to-take-on-rivals-clients \|work=The Guardian \|last=Ambrose \|first=Jillian \|date=23 September 2021 \|access-date=16 November 2021 \|archive-date=18 October 2021 \|archive-url=https://web.archive.org/web/20211018172530/https://www.theguardian.com/business/2021/sep/23/kwasi-kwarteng-vetoes-subsidies-for-gas-supply-giants-to-take-on-rivals-clients \|url-status=live}}</ref>

	==== Role in the Owen Paterson scandal ====
	Kwarteng was an outspoken supporter of ], who had been found by the ] to have committed "an egregious case of paid advocacy".<ref>{{cite news \|url=https://www.reuters.com/world/uk/uk-lawmaker-should-be-suspended-over-egregious-paid-lobbying-watchdog-2021-10-26/ \|title=UK lawmaker should be suspended over 'egregious' paid lobbying – watchdog \|work=Reuters \|date=26 October 2021 \|access-date=16 November 2021 \|archive-date=17 November 2021 \|archive-url=https://web.archive.org/web/20211117203455/https://www.reuters.com/world/uk/uk-lawmaker-should-be-suspended-over-egregious-paid-lobbying-watchdog-2021-10-26/ \|url-status=live}}</ref><ref>{{cite web \|url=https://committees.parliament.uk/committee/290/committee-on-standards/news/158246/committee-on-standards-publish-report-on-the-conduct-of-rt-hon-owen-paterson-mp/ \|title=Committee on Standards publish report on the conduct of Rt Hon Owen Paterson MP \|publisher=UK Parliament \|date=26 October 2021 \|accessdate=15 October 2022 \|archive-date=26 October 2021 \|archive-url=https://web.archive.org/web/20211026112117/https://committees.parliament.uk/committee/290/committee-on-standards/news/158246/committee-on-standards-publish-report-on-the-conduct-of-rt-hon-owen-paterson-mp/ \|url-status=dead }}</ref> In reaction to this ruling, Kwarteng called for the independent ], ], to "consider her position". The government later withdrew its support for Paterson, who resigned as an MP. The opposition called for an investigation into Kwarteng, claiming he may have breached the ministerial code.<ref>{{cite news \|url=https://news.sky.com/story/owen-paterson-resignation-labour-call-for-investigation-into-kwasi-kwartengs-comments-to-sky-news-about-standards-watchdog-12460151 \|title=Owen Paterson resignation: Labour call for investigation into Kwasi Kwarteng's comments to Sky News about standards watchdog \|publisher=Sky News \|last=Morris \|first=Sophie \|date=4 November 2021 \|access-date=16 November 2021 \|archive-date=18 November 2021 \|archive-url=https://web.archive.org/web/20211118080938/https://news.sky.com/story/owen-paterson-resignation-labour-call-for-investigation-into-kwasi-kwartengs-comments-to-sky-news-about-standards-watchdog-12460151 \|url-status=live}}</ref>

	On 15 November 2021, Kwarteng published a letter of apology to Stone, in which he said he "did not mean to express doubt about your ability to discharge your role" and apologised for "any upset or distress my choice of words may have caused".<ref>{{cite news \|title=Minister Kwasi Kwarteng sorry for upset caused by Standards Commissioner remarks \|url=https://www.bbc.co.uk/news/uk-politics-59298861 \|access-date=16 November 2021 \|work=BBC News \|date=15 November 2021 \|archive-date=16 November 2021 \|archive-url=https://web.archive.org/web/20211116011305/https://www.bbc.co.uk/news/uk-politics-59298861 \|url-status=live}}</ref>

	===Chancellor of the Exchequer===
	{{Further information\|September 2022 United Kingdom mini-budget}}
	{{float right clear none\|
	{{Bar box
	\|title=Major mini-budget measures by cost over 5 years<ref name=hmt-202209/><!-- from Table 4.1 & 4.2 -->
	\|titlebar=#DDD
	\|left1=
	\|right2=£ billions
	\|width=400px
	\|bars=
	{{bar pixel\|National Insurance increase reversal\|blue\|77}}
	{{bar pixel\|Corporation Tax cancel increase\|blue\|63}}
	{{bar pixel\|Energy bills support 2022–23\|blue\|60\|{{ref label\|energy\|a}}}}
	{{bar pixel\|Cost of living support\|blue\|15}}
	{{bar pixel\|Stamp Duty reduction\|blue\|7}}
	{{bar pixel\|Income Tax remove 45% rate band\|blue\|7}}
	{{bar pixel\| ] easing\|blue\|6}}
	\|caption={{note label\|energy\|a}} Domestic energy support runs to Sep 2024, but only first 6 months is costed
	}}
	}}
	Kwarteng was appointed Chancellor of the Exchequer by incoming Prime Minister ] on 6 September 2022.<ref>{{cite news \|last1=Capel \|first1=Charles \|title=UK's Truss Names Kwasi Kwarteng as New Chancellor \|url=https://www.bloomberg.com/news/articles/2022-09-06/uk-s-truss-names-kwasi-kwarteng-as-new-chancellor \|access-date=6 September 2022 \|work=Bloomberg \|date=6 September 2022 \|archive-date=6 September 2022 \|archive-url=https://web.archive.org/web/20220906194138/https://www.bloomberg.com/news/articles/2022-09-06/uk-s-truss-names-kwasi-kwarteng-as-new-chancellor \|url-status=live}}</ref> On 23 September 2022, he announced a set of economic policies named "The Growth Plan 2022" in what the Treasury described as a "fiscal event"; this was dubbed a "]" by the media. He refused to allow the ] to assess the economic impact of the budget and provide a forecast.<ref>{{cite news \|url=https://www.theguardian.com/politics/2022/sep/20/kwasi-kwarteng-urged-to-allow-release-of-obr-forecasts-with-mini-budget \|title=Kwasi Kwarteng refuses to let OBR release forecasts with mini-budget \|work=The Guardian \|date=20 September 2022 \|access-date=24 September 2022 \|last1=Mason \|first1=Rowena \|last2=Inman \|first2=Phillip \|archive-date=24 September 2022 \|archive-url=https://web.archive.org/web/20220924112120/https://www.theguardian.com/politics/2022/sep/20/kwasi-kwarteng-urged-to-allow-release-of-obr-forecasts-with-mini-budget \|url-status=live}}</ref><ref name=hmt-202209>{{cite book \|url=https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1105985/HMT_Autumn_Statement_2022_PRINT.pdf \|title=The Growth Plan 2022 \|id=CP 743 \|publisher=HM Treasury \|via=gov.uk \|isbn=978-1-5286-3688-9 \|date=September 2022 \|access-date=13 October 2022 \|archive-date=23 September 2022 \|archive-url=https://web.archive.org/web/20220923195025/https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1105985/HMT_Autumn_Statement_2022_PRINT.pdf \|url-status=live}}</ref>

	Among the policies announced by Kwarteng was a cut in the basic rate of ] from 20% to 19% to start in April 2023, the abolition of the 45% higher rate of income tax in England, Wales and Northern Ireland, the lifting of the ] threshold, the freezing of energy bills, the reversal of the increase in ] from April 2022, the abolition of the proposed ], and the scrapping of the limit on bankers' bonuses.<ref>{{cite web \|title=At a glance: What's in the mini-budget? \|url=https://www.bbc.co.uk/news/business-62920969 \|website=BBC News \|access-date=23 September 2022 \|date=23 September 2022 \|archive-date=23 September 2022 \|archive-url=https://web.archive.org/web/20220923041813/https://www.bbc.co.uk/news/business-62920969 \|url-status=live}}</ref><ref>{{cite web \|last1=Partington \|first1=Richard \|last2=Allegretti \|first2=Aubrey \|title=Kwasi Kwarteng's mini-budget: key points at a glance \|url=https://www.theguardian.com/uk-news/2022/sep/23/kwasi-kwarteng-mini-budget-key-points-at-a-glance \|website=The Guardian \|access-date=23 September 2022 \|date=23 September 2022 \|archive-date=23 September 2022 \|archive-url=https://web.archive.org/web/20220923084315/https://www.theguardian.com/uk-news/2022/sep/23/kwasi-kwarteng-mini-budget-key-points-at-a-glance \|url-status=live}}</ref><ref>{{cite web \|last=Sillars \|first=James \|title=Mini-budget: The key announcements from the chancellor at a glance \|url=https://news.sky.com/story/mini-budget-the-key-announcements-from-the-chancellor-at-a-glance-12703687 \|publisher=Sky News \|access-date=23 September 2022 \|archive-date=14 October 2022 \|archive-url=https://web.archive.org/web/20221014201808/https://news.sky.com/story/mini-budget-the-key-announcements-from-the-chancellor-at-a-glance-12703687 \|url-status=live}}</ref> The ] director ] called it "the biggest package of tax cuts in 50 years" and said that "the plan seems to be to borrow large sums at increasingly expensive rates, put government debt on an unsustainable rising path, and hope that we get better growth".<ref>{{cite web \|url=https://ifs.org.uk/articles/mini-budget-response \|title=Mini-Budget response \|publisher=Institute for Fiscal Studies \|access-date=24 September 2022 \|date=23 September 2022 \|archive-date=14 October 2022 \|archive-url=https://web.archive.org/web/20221014201811/https://ifs.org.uk/articles/mini-budget-response \|url-status=live}}</ref><ref>{{cite news \|url=https://www.ft.com/content/42ac5639-b2f6-46ac-b0e6-441cfdb3170c \|title=High earners reap the rewards as Kwarteng ditches redistribution \|date=23 September 2022 \|access-date=25 September 2022 \|last=Strauss \|first=Delphine \|work=Financial Times \|archive-date=24 September 2022 \|archive-url=https://web.archive.org/web/20220924225747/https://www.ft.com/content/42ac5639-b2f6-46ac-b0e6-441cfdb3170c \|url-status=live}}</ref> The following week, ] fell to its lowest-ever level against the US dollar,<ref>{{cite web \|last=Sillars \|first=James \|date=26 September 2022 \|title=Pound sank to record low against the dollar and UK economy predicted to flatline next year – as PM and chancellor defend mini-budget \|url=https://news.sky.com/story/pound-sinks-to-record-low-against-the-dollar-as-chancellor-and-prime-minister-defend-mini-budget-12705529 \|access-date=29 September 2022 \|publisher=Sky News \|archive-date=29 September 2022 \|archive-url=https://web.archive.org/web/20220929093110/https://news.sky.com/story/pound-sinks-to-record-low-against-the-dollar-as-chancellor-and-prime-minister-defend-mini-budget-12705529 \|url-status=live}}</ref> and turmoil in government bond prices led the Bank of England to launch an emergency bond buying programme. This caused house mortgage lenders to withdraw over 40% of their products, with other products repriced upwards.<ref>{{cite news \|last1=Bruce \|first1=Andy \|last2=Milliken \|first2=David \|last3=Cruise \|first3=Sinead \|date=28 September 2022 \|title=Bank of England moves to calm bond market rout after tax cut storm \|publisher=Reuters \|url=https://www.reuters.com/world/uk/imf-moodys-censure-uk-policy-bank-england-says-will-act-big-2022-09-28/ \|access-date=28 September 2022 \|archive-date=28 September 2022 \|archive-url=https://web.archive.org/web/20220928065414/https://www.reuters.com/world/uk/imf-moodys-censure-uk-policy-bank-england-says-will-act-big-2022-09-28/ \|url-status=live }}</ref><ref name=guardian-20220929>{{cite news \|url=https://www.theguardian.com/business/2022/sep/29/mortgages-withdrawn-housing-market-mini-budget-lenders-economic-uncertainty \|title=More than 40% of mortgages withdrawn as market reels after mini-budget \|last=Inman \|first=Phillip \|newspaper=The Guardian \|date=29 September 2022 \|access-date=14 October 2022 \|archive-date=14 October 2022 \|archive-url=https://web.archive.org/web/20221014023304/https://www.theguardian.com/business/2022/sep/29/mortgages-withdrawn-housing-market-mini-budget-lenders-economic-uncertainty \|url-status=live }}</ref> The ] cautioned that the measures would increase inequality.<ref>{{cite web \|title=IMF warns UK against mini-budget that will 'likely increase inequality' \|url=https://news.sky.com/story/imf-warns-uk-against-mini-budget-that-will-likely-increase-inequality-12706612 \|access-date=28 September 2022 \|publisher=Sky News \|archive-date=28 September 2022 \|archive-url=https://web.archive.org/web/20220928000924/https://news.sky.com/story/imf-warns-uk-against-mini-budget-that-will-likely-increase-inequality-12706612 \|url-status=live}}</ref>

	Following criticism from several Conservative MPs, including ], Kwarteng said on 3 October 2022 that the government would not pursue the plan to abolish the 45% higher rate of income tax paid by people earning over £150,000 a year.<ref>{{cite news \|title=Kwasi Kwarteng U-turns on plans to scrap 45p tax rate \|url=https://www.bbc.co.uk/news/uk-63114279 \|work=BBC News \|date=3 October 2022 \|access-date=3 October 2022 \|archive-date=3 October 2022 \|archive-url=https://web.archive.org/web/20221003072333/https://www.bbc.co.uk/news/uk-63114279 \|url-status=live}}</ref> Kwarteng said the plan had become a "distraction from our overriding mission to tackle the challenges facing the country".<ref>{{cite news \|url=https://www.bbc.co.uk/news/av/uk-63114409 \|title=Chancellor defends income tax cut U-turn \|work=BBC News \|date=3 October 2022 \|access-date=3 October 2022 \|archive-date=3 October 2022 \|archive-url=https://web.archive.org/web/20221003072338/https://www.bbc.co.uk/news/av/uk-63114409 \|url-status=live}}</ref>

	Kwarteng was dismissed as Chancellor on 14 October after only 38 days in post. This made him the second shortest-serving Chancellor after ], who died a month after taking office. Kwarteng was succeeded by ].<ref>{{cite news \|last=Walker \|first=Peter \|date=2022-10-14 \|title=Liz Truss appoints Jeremy Hunt as chancellor after sacking Kwarteng \|url=https://www.theguardian.com/politics/2022/oct/14/liz-truss-appoints-jeremy-hunt-as-chancellor-after-sacking-kwarteng \|access-date=2022-10-14 \|website=] \|language=en \|archive-date=14 October 2022 \|archive-url=https://web.archive.org/web/20221014200854/https://www.theguardian.com/politics/2022/oct/14/liz-truss-appoints-jeremy-hunt-as-chancellor-after-sacking-kwarteng \|url-status=live}}</ref><ref>{{cite news \|url=https://www.theguardian.com/politics/2022/oct/14/kwasi-kwarteng-logical-choice-chancellor-hubris-downfall \|work=The Guardian \|title=Kwasi Kwarteng was logical choice as chancellor but hubris was his downfall \|last=Walker \|first=Peter \|date=14 October 2022 \|accessdate=15 October 2022 \|archive-date=14 October 2022 \|archive-url=https://web.archive.org/web/20221014234044/https://www.theguardian.com/politics/2022/oct/14/kwasi-kwarteng-logical-choice-chancellor-hubris-downfall \|url-status=live }}</ref>

	== Political views ==
	Kwarteng is considered a member of the ] of the Conservative Party.<ref>{{cite web \|last=Abbey \|first=Nels \|title=Kwasi Kwarteng Is a Brilliant Man in a Bad Role \|url=https://foreignpolicy.com/2021/05/22/kwasi-kwarteng-is-a-brilliant-man-in-a-bad-role/ \|access-date=5 August 2022 \|website=Foreign Policy \|archive-date=30 August 2022 \|archive-url=https://web.archive.org/web/20220830161358/https://foreignpolicy.com/2021/05/22/kwasi-kwarteng-is-a-brilliant-man-in-a-bad-role/ \|url-status=live}}</ref>

	=== Racial issues and colonialism ===
	Kwarteng's views on ] have been described by a ] writer as "nuanced".<ref>{{cite news \|first=Georgina \|last=Bailey \|date=9 July 2021 \|title=Kwasi Kwarteng MP: 'People should look at history with a bit more humility' \|url=https://www.politicshome.com/thehouse/article/kwasi-kwarteng-mp-people-should-look-at-history-with-a-bit-more-humility \|access-date=5 August 2022 \|work=Politicshome.com \|archive-date=30 August 2022 \|archive-url=https://web.archive.org/web/20220830161400/https://www.politicshome.com/thehouse/article/kwasi-kwarteng-mp-people-should-look-at-history-with-a-bit-more-humility \|url-status=live}}</ref> Kwarteng has argued that many supporters of the ] movement and critics of ] have "a very kind of cartoon-like view" of the past, arguing:<blockquote>So within that time and geography there's a huge amount of variety, different cultures and different time periods and getting a sensitivity to that is hugely important and I think a lot of the debate around Black Lives Matter and imperialism or colonialism has a very kind of cartoon-like view of what was happening over centuries across a quarter of the world.<ref>{{cite news \|date=29 January 2021 \|title=Business secretary says much of debate around Black Lives Matter has 'kind of cartoon-like view' of past \|url=https://www.independent.co.uk/news/uk/politics/kwasi-kwarteng-black-lives-matter-blm-b1794712.html \|access-date=5 August 2022 \|work=The Independent}}</ref></blockquote>

	=== Economic issues ===
	In August 2012, Kwarteng co-authored a book with four fellow MPs, titled '']''.<ref>{{cite web \|date=17 August 2012 \|title=Tackle 'lazy' Britain, fellow Tories tell David Cameron \|url=https://www.standard.co.uk/news/politics/tackle-lazy-britain-fellow-tories-tell-david-cameron-8056787.html \|url-status=live \|archive-url=https://web.archive.org/web/20161207135125/http://www.standard.co.uk/news/politics/tackle-lazy-britain-fellow-tories-tell-david-cameron-8056787.html \|archive-date=7 December 2016 \|access-date=3 April 2018 \|work=London Evening Standard}}</ref> The book argues for a radical shrinking of the ] in order "to return it to the contributory principle envisioned by its founder ] – that you get benefits in return for contributions".<ref name="BBC33092329" />

	==Personal life==
	Kwarteng is described by friends as an "intensely private" person.<ref name="Amiable geek" /> He was previously in a relationship with former Conservative Home Secretary ].<ref>{{cite news \|url=https://www.thetimes.co.uk/article/amber-gives-green-light-to-suitors-hhn02r537 \|title=Amber gives green light to suitors \|first=Roland \|last=White \|work=The Sunday Times \|date=23 September 2018 \|access-date=13 November 2020 \|archive-date=2 August 2019 \|archive-url=https://web.archive.org/web/20190802084608/https://www.thetimes.co.uk/article/amber-gives-green-light-to-suitors-hhn02r537 \|url-status=live \|url-access=subscription}}</ref> He married ] solicitor Harriet Edwards in December 2019.<ref name="x3"/> Their daughter was born in 2021.<ref>{{cite hansard \|jurisdiction=] \|title=Net Zero Strategy and Heat and Buildings Strategy \|url=https://hansard.parliament.uk/Commons/2021-10-19/debates/0012200A-2603-4AD9-B768-5C0E38631200/NetZeroStrategyAndHeatAndBuildingsStrategy \|house=] \|date=19 October 2021 \|column= \|speaker=] \|position=]}} {{Webarchive \|url=https://web.archive.org/web/20211020084622/https://hansard.parliament.uk/Commons/2021-10-19/debates/0012200A-2603-4AD9-B768-5C0E38631200/NetZeroStrategyAndHeatAndBuildingsStrategy \|date=20 October 2021 }}</ref> He has lived in ], and in January 2022 purchased a house in ].<ref name="Amiable geek" /> He is a member of the ].<ref>{{cite news \|last1=Sylvester \|first1=Rachel \|title=The real Kwasi Kwarteng — by the insiders who know him best \|url=https://www.thetimes.co.uk/article/kwasi-kwarteng-profile-chancellor-analysis-people-who-know-him-6cbj3f5kl \|access-date=28 September 2022 \|work=The Times \|date=28 September 2022 \|url-access=subscription \|archive-date=28 September 2022 \|archive-url=https://web.archive.org/web/20220928063505/https://www.thetimes.co.uk/article/kwasi-kwarteng-profile-chancellor-analysis-people-who-know-him-6cbj3f5kl \|url-status=live}}</ref>

	==Publications==
	*{{Cite book \|last=Kwarteng \|first=Kwasi \|url=https://www.worldcat.org/oclc/904756788 \|title=Ghosts of empire : Britain's legacies in the modern world \|date=2011 \|isbn=978-1-4088-2290-6 \|publisher=] \|location=London \|oclc=904756788}}
	*{{Cite book \|last=Kwarteng \|first=Kwasi \|url=https://www.worldcat.org/oclc/771875676 \|title=After the Coalition. \|date=2011 \|publisher=Biteback \|others=], ], ] and ] \|isbn=978-1-84954-212-8 \|location=London \|oclc=771875676}}
	*{{Cite book \|last=Kwarteng \|first=Kwasi \|url=https://www.worldcat.org/oclc/751663991 \|title=Gridlock nation : why Britain's transport systems are heading towards gridlock and what we can do to stop it \|date=2011 \|publisher=Biteback \|others=Jonathan Dupont \|isbn=978-1-84954-112-1 \|location=London \|oclc=751663991}}
	*{{cite book \|title=Britannia Unchained: Global Lessons for Growth and Prosperity \|publisher=] \|location=Houndmills, Basingstoke, Hampshire \|oclc=809314985 \|year=2012 \|authors=Kwasi Kwarteng in collaboration with ], ], ] and ] \|isbn=9781137032232 \|title-link=Britannia Unchained}}
	*{{Cite book \|last=Kwarteng \|first=Kwasi \|url=https://www.worldcat.org/title/872709558 \|title=War and gold : a five-hundred-year history of empires, adventures and debt \|date=2014 \|isbn=978-1-4088-4815-9 \|publisher=] \|location=London \|oclc=872709558}}
	*{{Cite book \|last=Kwarteng \|first=Kwasi \|url=https://www.worldcat.org/oclc/919896895 \|title=Thatcher's trial : six months that defined a leader \|date=2015 \|isbn=978-1-4088-5917-9 \|publisher=] \|location=London \|oclc=919896895}}

	==References==
	{{reflist}}

	==External links==
	{{Portal\|Politics\|Conservatism\|United Kingdom\|Biography}}
	*{{official website\|kwasi4spelthorne.org.uk}}
	*{{UK MP links \|parliament=4134 \|publicwhip= \|theywork= }}
	* at ''Conservative Home''
	*

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	{{Truss Cabinet}}
	{{Johnson Cabinet}}
	{{Chancellors of the Exchequer}}
	{{South East Conservative Party MPs}}
	{{Authority control}}

	{{DEFAULTSORT:Kwarteng, Kwasi}}
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Revision as of 22:11, 20 October 2022

"Kwarteng" redirects here. For the name, see Kwarteng (surname). British politician (born 1975)

The Right HonourableKwasi KwartengMP
Official portrait, 2021

Chancellor of the Exchequer
In office 6 September 2022 – 14 October 2022
Prime Minister	Liz Truss
Preceded by	Nadhim Zahawi
Succeeded by	Jeremy Hunt
Secretary of State for Business, Energy and Industrial Strategy
In office 8 January 2021 – 6 September 2022
Prime Minister	Boris Johnson
Preceded by	Alok Sharma
Succeeded by	Jacob Rees-Mogg
Minister of State for Business, Energy and Clean Growth
In office 24 July 2019 – 8 January 2021
Prime Minister	Boris Johnson
Preceded by	Claire Perry
Succeeded by	Anne-Marie Trevelyan
Parliamentary Under-Secretary of State for Exiting the European Union
In office 16 November 2018 – 24 July 2019
Prime Minister	Theresa May
Preceded by	Suella Braverman
Succeeded by	Office abolished
Member of Parliament for Spelthorne
Incumbent
Assumed office 6 May 2010
Preceded by	David Wilshire
Majority	18,393 (37.2%)

Personal details
Born	Akwasi Addo Alfred Kwarteng (1975-05-26) 26 May 1975 (age 49) London, England
Political party	Conservative
Spouse	Harriet Edwards (m. 2019)
Children	1
Education	Trinity College, Cambridge (BA, PhD)
Website	Campaign website

Lol i was sacked

Revision as of 18:52, 20 October 2022 editKnitsey (talk \| contribs)Extended confirmed users, Pending changes reviewers, Rollbackers27,733 edits Undid revision 1117254561 by 2A02:C7C:321D:900:BCF3:66FB:3046:E3E1 (talk)Tags: Undo Mobile edit Mobile web edit Advanced mobile edit← Previous edit		Revision as of 22:11, 20 October 2022 edit undoBooyaka00 (talk \| contribs)83 edits ←Replaced content with '{{redirect\|Kwarteng\|the name\|Kwarteng (surname)}} {{short description\|British politician (born 1975)}} {{Use British English\|date=January 2020}} {{Use dmy dates\|date=September 2022}} {{Infobox officeholder \| honorific-prefix = The Right Honourable \| name = Kwasi Kwarteng \| honorific-suffix = MP \| image = Kwasi Kwarteng Official Portrait Cropped.jpg \| caption = Official portrai...'Tags: Replaced RevertedNext edit →
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			Lol i was sacked
	'''Akwasi Addo Alfred Kwarteng''' (born 26 May 1975)<ref>{{London Gazette \|issue=59418 \|date=13 May 2010 \|page=8745}}</ref><ref>{{cite news \|url=http://news.bbc.co.uk/democracylive/hi/representatives/profiles/35251.stm \|title=Kwasi Kwarteng MP \|work=BBC Democracy Live \|publisher=] \|access-date=25 July 2010 \|archive-date=4 March 2016 \|archive-url=https://web.archive.org/web/20160304101548/http://news.bbc.co.uk/democracylive/hi/representatives/profiles/35251.stm \|url-status=dead}}</ref> is a British ] politician who has been the ] (MP) for ] in northern ] since May 2010. He was ] from 2021 to 2022, and ] for the ] government between September and October 2022.<ref name=":1">{{cite web \|title=Kwasi Kwarteng out as chancellor after mini-budget backlash \|url=https://www.bbc.co.uk/news/live/uk-politics-63221738 \|access-date=14 October 2022 \|publisher=BBC News \|language=en-GB}}</ref>

	Kwarteng was born in London to Ghanaian immigrant parents and was educated at ] and ]. He worked as a columnist for '']'' and as a financial analyst before standing for election as an MP. In November 2018, Kwarteng was appointed ] at the ]. Following the election of ] as leader of the Conservative Party, and hence Prime Minister, in July 2019, Kwarteng was promoted to ], attending ]. In January 2021, Kwarteng was promoted to the office of ].

	After Johnson resigned in 2022, Kwarteng supported ]'s bid to become Conservative leader. Following Truss's appointment as Prime Minister, she appointed Kwarteng as ]. His appointment made him the first black person to serve as Chancellor of the Exchequer.<ref>https://www.politico.eu/article/uk-first-black-chancellor-kwasi-kwarteng/amp/</ref> On 23 September, Kwarteng announced various tax cuts in a "]" that was widely criticised and which briefly caused ] to fall to its lowest-ever level against the US dollar. Kwarteng was dismissed as Chancellor on 14 October after 38 days, making him the second-shortest-serving post-war Chancellor.

	==Early life and education==
	Akwasi Addo Alfred Kwarteng was born in the ] on 26 May 1975,<ref name="x3">{{cite news \|url=https://www.thetimes.co.uk/article/challenging-brief-for-cabinet-new-boy-kwasi-kwarteng-vj9p6jz5r \|work=The Sunday Times \|title=Challenging brief for cabinet new boy Kwasi Kwarteng \|date=16 January 2021 \|access-date=25 September 2022 \|last=Collingridge \|first=John \|archive-date=16 January 2021 \|archive-url=https://web.archive.org/web/20210116184825/https://www.thetimes.co.uk/article/challenging-brief-for-cabinet-new-boy-kwasi-kwarteng-vj9p6jz5r \|issn=0140-0460 \|url-access=subscription \|url-status=live}}</ref> the only child<ref name="Amiable geek">{{cite news \|last1=Ellery \|first1=Ben \|title=Kwasi Kwarteng: The 'amiable geek' set to be UK's next chancellor \|url=https://www.thetimes.co.uk/article/kwasi-kwarteng-the-amiable-geek-set-to-be-uks-next-chancellor-2bw6lh2c3 \|access-date=26 August 2022 \|work=The Times \|date=26 August 2022 \|url-access=subscription \|archive-date=30 August 2022 \|archive-url=https://web.archive.org/web/20220830161358/https://www.thetimes.co.uk/article/kwasi-kwarteng-the-amiable-geek-set-to-be-uks-next-chancellor-2bw6lh2c3 \|url-status=live}}</ref> of Alfred K. Kwarteng and Charlotte Boaitey-Kwarteng, who had emigrated from ] as students in the 1960s.<ref name="staines news"> {{webarchive \|url=https://web.archive.org/web/20110724162602/http://www.stainesnews.co.uk/staines-and-ashford-news/news-staines-and-ashford/2010/01/25/tories-adopt-black-boris-as-candidate-54472-25680078/ \|date=24 July 2011}}, ''Staines News'', 25 January 2010.</ref><ref name="website">{{cite web \|url=http://www.kwart2010.com/about/ \|title=Biography \|publisher=Kwart2010.com \|url-status=dead \|archive-url=https://web.archive.org/web/20100510223513/http://www.kwart2010.com/about/ \|archive-date=10 May 2010}} Archived at archive.org 10 July 2010.</ref> His mother is a ]<ref>{{cite web \|title='2 out of 12 at 100' – Marking 100 years of Women in Law \|url=https://www.lmh.ox.ac.uk/events/2-out-12-100-marking-100-years-women-law \|publisher=Lady Margaret Hall, Oxford \|access-date=12 October 2021 \|archive-date=29 October 2021 \|archive-url=https://web.archive.org/web/20211029171543/https://www.lmh.ox.ac.uk/events/2-out-12-100-marking-100-years-women-law \|url-status=live}}</ref> and his father an economist in the ].<ref name="website"/><ref>{{cite news \|title=Kwasi Kwarteng: The rising star of politics and letters \|url=https://www.theguardian.com/theobserver/2011/jul/31/observer-profile-kwasi-kwarteng \|newspaper=The Observer \|date=31 July 2011 \|first=Sunder \|last=Katwala \|access-date=4 September 2019 \|archive-date=4 September 2019 \|archive-url=https://web.archive.org/web/20190904070540/https://www.theguardian.com/theobserver/2011/jul/31/observer-profile-kwasi-kwarteng \|url-status=live}}</ref>

	After starting school at a state primary school in Waltham Forest,<ref name="Neate" /> Kwarteng attended ], an independent preparatory school in London, where he won the ] in 1988.<ref>{{cite news \|url=https://www.thetimes.co.uk/article/kwasi-kwarteng-big-brain-big-mouth-big-tory-future-on-hold-zn0zpv0mt9w \|title=Kwasi Kwarteng: Big brain, big mouth, big Tory future on hold \|last=Kinchen \|first=Rosie \|date=4 May 2014 \|work=The Sunday Times \|access-date=2 October 2019 \|issn=0956-1382 \|archive-date=2 October 2019 \|archive-url=https://web.archive.org/web/20191002204024/https://www.thetimes.co.uk/article/kwasi-kwarteng-big-brain-big-mouth-big-tory-future-on-hold-zn0zpv0mt9w \|url-status=live \|url-access=subscription}}</ref> Then Kwarteng went to ], where he was a ] and was awarded the ] prize.<ref name=Neate>{{cite news \|url=https://www.theguardian.com/politics/2021/oct/11/kwasi-kwarteng-the-business-bringing-spark-to-the-energy-crisis \|work=The Guardian \|title=Kwasi Kwarteng: the business secretary bringing spark to the energy crisis \|date=11 October 2021 \|access-date=24 September 2022 \|last=Neate \|first=Rupert \|archive-date=24 September 2022 \|archive-url=https://web.archive.org/web/20220924112825/https://www.theguardian.com/politics/2021/oct/11/kwasi-kwarteng-the-business-bringing-spark-to-the-energy-crisis \|url-status=live}}</ref> He read classics and history at ], matriculating in 1993. He achieved a double ],<ref name="upsetting" /><ref> {{Webarchive \|url=https://web.archive.org/web/20221005101752/https://www.trin.cam.ac.uk/wp-content/uploads/TRINITY-2021-AR-web-singles-2021-2221-1.pdf \|date=5 October 2022 }} - website of ]</ref><ref name=Neate/> and twice won the ].<ref>{{cite news \|url=https://www.newstatesman.com/politics/conservatives/2022/09/kwasi-kwarteng-great-gamble-pay-off \|title=Will Kwasi Kwarteng's great gamble pay off? \|work=] \|last=Lambert \|first=Harry \|date=22 September 2022 \|access-date=24 September 2022 \|archive-date=23 September 2022 \|archive-url=https://web.archive.org/web/20220923230553/https://www.newstatesman.com/politics/conservatives/2022/09/kwasi-kwarteng-great-gamble-pay-off \|url-status=live}}</ref> He was a member of the team which won the BBC quiz show '']'' in 1995.<ref name="website"/><ref>{{cite web \|url=http://www.blanchflower.org/uc/uctrin.html \|title=Trinity on University Challenge \|publisher=Sean Blanchflower \|access-date=17 May 2010 \|archive-date=14 April 2010 \|archive-url=https://web.archive.org/web/20100414095534/http://www.blanchflower.org/uc/uctrin.html \|url-status=live}}</ref> At Cambridge, he was a member of the ], and has since returned to visit.<ref>{{cite news \|url=https://www.theguardian.com/education/2020/sep/04/pizza-express-troubles-threaten-future-cambridge-university-pitt-club \|title=Elite Cambridge club asks members for £50,000 to keep it open \|last=Bland \|first=Archie \|date=4 September 2020 \|work=The Guardian \|access-date=2 October 2021 \|issn=0956-1382 \|archive-date=2 June 2021 \|archive-url=https://web.archive.org/web/20210602201749/https://www.theguardian.com/education/2020/sep/04/pizza-express-troubles-threaten-future-cambridge-university-pitt-club \|url-status=live}}</ref> He was a ] for a year at ],<ref name=Neate /><ref>{{cite web \|publisher=Kennedy Memorial Trust \|url=https://www.kennedytrust.org.uk/display.aspx?id=1858&pid=0&tabId=230 \|title=Full List of Kennedy Scholars \|access-date=30 September 2022 \|archive-date=30 September 2022 \|archive-url=https://web.archive.org/web/20220930221011/https://www.kennedytrust.org.uk/display.aspx?id=1858&pid=0&tabId=230 \|url-status=live}}</ref> and then earned a ] degree in ] from the ] in 2000, with a thesis on the ].<ref>{{cite thesis \|first=Kwasi Alfred Addo \|last=Kwarteng \|title=Political thought of the recoinage crisis of 1695–7 \|degree=PhD \|url=https://www.repository.cam.ac.uk/handle/1810/251742 \|id={{EThOS\|uk.bl.ethos.621890}} \|publisher=University of Cambridge\|oclc=894597679\|website=cam.ac.uk \|access-date=25 March 2018 \|archive-date=13 September 2018 \|archive-url=https://web.archive.org/web/20180913040240/https://www.repository.cam.ac.uk/handle/1810/251742 \|url-status=live}} {{free access}}</ref>

	==Early career==
	Before becoming a member of parliament, Kwarteng worked as a columnist for '']'' and as a financial analyst at ] as well as at ] and the hedge fund ].<ref>{{cite news \|last=Pickard \|first=Jim \|date=19 January 2021 \|title=Kwasi Kwarteng, the free marketeer learning benefits of state action \|work=Financial Times \|url=https://www.ft.com/content/3054c38a-4faf-4b2e-88d4-93faa55e6d10 \|url-status=live \|access-date=19 January 2021 \|archive-date=19 January 2021 \|archive-url=https://web.archive.org/web/20210119040115/https://www.ft.com/content/3054c38a-4faf-4b2e-88d4-93faa55e6d10 \|url-access=subscription}}</ref><ref name="x3"/><ref>{{cite web \|title=Kwasi Kwarteng: free marketeer and Truss's ideological soulmate becomes chancellor \|url=https://www.theguardian.com/politics/2022/sep/06/kwasi-kwarteng-free-marketeer-and-truss-ideological-soulmate-becomes-chancellor \|website=] \|date=6 September 2022 \|access-date=23 September 2022 \|archive-date=22 September 2022 \|archive-url=https://web.archive.org/web/20220922191456/https://www.theguardian.com/politics/2022/sep/06/kwasi-kwarteng-free-marketeer-and-truss-ideological-soulmate-becomes-chancellor \|url-status=live}}</ref> He wrote a book, ''Ghosts of Empire'', about the legacy of the ], published by ] in 2011.<ref name="website"/> He also co-authored ''Gridlock Nation'' with Jonathan Dupont in 2011, about the causes of and solutions to traffic congestion in Britain.<ref>{{cite news \|first=Steven \|last=Poole \|url=https://www.theguardian.com/books/2011/oct/07/steven-poole-non-fiction-choice-reviews \|title=Et cetera: Steven Poole's non-fiction choice – reviews \|work=The Guardian \|date=7 October 2011 \|access-date=1 November 2012 \|location=London \|archive-date=6 March 2016 \|archive-url=https://web.archive.org/web/20160306155450/http://www.theguardian.com/books/2011/oct/07/steven-poole-non-fiction-choice-reviews \|url-status=live}}</ref>

	=== Early political career ===
	Considered "a rising star on the right of the party" by 2015,<ref name="BBC33092329">{{cite news \|date=11 June 2015 \|title=Turn benefits into repayable loan, says Tory group \|publisher=BBC News \|url=https://www.bbc.co.uk/news/uk-politics-33092329 \|url-status=live \|access-date=27 October 2015 \|archive-url=https://web.archive.org/web/20150828010744/http://www.bbc.co.uk/news/uk-politics-33092329 \|archive-date=28 August 2015}}</ref> Kwarteng initially became a ] candidate in the constituency of ] at the ]. He finished in third place.<ref>{{cite web \|title=Election results for Brent East \|date=5 May 2005 \|url=https://democracy.brent.gov.uk/mgElectionAreaResults.aspx?ID=28&RPID=0 \|publisher=Brent Council \|access-date=23 September 2022 \|archive-date=23 September 2022 \|archive-url=https://web.archive.org/web/20220923134628/https://democracy.brent.gov.uk/mgElectionAreaResults.aspx?ID=28&RPID=0 \|url-status=live}}</ref> Kwarteng was chairman of the conservative think tank ] in 2006.<ref>{{cite news \|url=https://www.theguardian.com/open-weekend/kwasi-kwarteng \|title=Kwasi Kwarteng, Conservative MP and author \|work=The Guardian \|date=2 February 2012 \|access-date=25 September 2022 \|archive-date=14 October 2022 \|archive-url=https://web.archive.org/web/20221014201807/https://www.theguardian.com/open-weekend/kwasi-kwarteng \|url-status=live}}</ref> In the same year, '']'' suggested that he could become the first black Conservative ].<ref>{{cite news \|url=http://www.timesonline.co.uk/tol/news/article696213.ece \|title=Power couple behind the new Tory throne \|archive-url=https://web.archive.org/web/20080727012401/http://www.timesonline.co.uk/tol/news/article696213.ece \|archive-date=27 July 2008 \|work=The Times \|date=26 March 2006}}</ref> He was sixth on the Conservative list of candidates for the ] in the ], but was not elected, as the Conservatives obtained only three London-wide list seats.<ref>{{cite web \|url=https://www.londonelects.org.uk/im-voter/election-results/results-2008 \|title=Results 2008 \|access-date=24 September 2022 \|publisher=London Elects \|archive-date=25 September 2022 \|archive-url=https://web.archive.org/web/20220925093757/https://www.londonelects.org.uk/im-voter/election-results/results-2008 \|url-status=live}}</ref><ref name="upsetting">{{cite web \|url=https://news.sky.com/story/who-is-kwasi-kwarteng-the-new-chancellor-who-has-been-unafraid-of-upsetting-his-party-12690759 \|title=Who is Kwasi Kwarteng? The new chancellor who has been unafraid of upsetting his party \|last=Scott \|first=Jennifer \|date=7 September 2022 \|access-date=24 September 2022 \|publisher=] \|archive-date=24 September 2022 \|archive-url=https://web.archive.org/web/20220924113241/https://news.sky.com/story/who-is-kwasi-kwarteng-the-new-chancellor-who-has-been-unafraid-of-upsetting-his-party-12690759 \|url-status=live}}</ref>

	==Parliamentary career==
	=== 2010 election and tenure ===
	] event in 2012]]
	Kwarteng was selected as the Conservative candidate for ] in January 2010.<ref>{{cite news \|title=Kwasi Kwarteng wins Spelthorne open primary \|url=https://www.getsurrey.co.uk/news/local-news/kwasi-kwarteng-wins-spelthorne-open-4821406 \|publisher=Surrey Live \|date=23 January 2010 \|accessdate=15 October 2022 \|archive-date=25 October 2021 \|archive-url=https://web.archive.org/web/20211025043054/https://www.getsurrey.co.uk/news/local-news/kwasi-kwarteng-wins-spelthorne-open-4821406 \|url-status=live }}</ref> Kwarteng won the seat with a majority of 10,019 votes (21.2%).<ref>{{cite web \|url=http://news.bbc.co.uk/1/shared/election2010/results/constituency/e34.stm \|publisher=BBC News \|access-date=24 September 2022 \|title=Spelthorne \|archive-date=23 August 2017 \|archive-url=https://web.archive.org/web/20170823070447/http://news.bbc.co.uk/1/shared/election2010/results/constituency/e34.stm \|url-status=live}}</ref> Kwarteng did not vote on the backbench EU Referendum Bill in October 2011.<ref>{{cite news \|url=https://www.theguardian.com/news/datablog/2011/oct/26/eu-referendum-davidcameron \|title=Naming the MPs who voted for an EU referendum \|work=The Guardian \|last=Evans \|first=Lisa \|date=26 October 2011 \|access-date=10 January 2021 \|archive-date=16 May 2021 \|archive-url=https://web.archive.org/web/20210516161149/https://www.theguardian.com/news/datablog/2011/oct/26/eu-referendum-davidcameron \|url-status=live}}</ref> In 2013 he described the ] housing scheme as "inflationary".<ref>{{cite news \|url=https://www.theguardian.com/uk/2013/mar/22/housing-policy-wealthy-second-homes \|title=Government's new housing policy 'can help wealthy buy second homes' \|work=The Guardian \|last=Jowit \|first=Juliette \|date=22 March 2013 \|access-date=10 January 2021 \|archive-date=12 January 2021 \|archive-url=https://web.archive.org/web/20210112090956/https://www.theguardian.com/uk/2013/mar/22/housing-policy-wealthy-second-homes \|url-status=live}}</ref>

	In 2014, his book, ''War and Gold: A Five-Hundred-Year History of Empires, Adventures and Debt'', was published. It is a history of capital and the enduring ability of money, when combined with speculation, to ruin societies.<ref>{{cite web \|url=https://www.theguardian.com/books/2014/may/12/war-gold-500-year-history-study-money-society-kwarteng-review \|title=War and Gold: A Five-Hundred-Year History of Empires, Adventures and Debt review – a comprehensive study of money and society \|author=Anthony Sattin \|work=] \|date=12 May 2014 \|access-date=12 December 2016 \|archive-date=1 January 2017 \|archive-url=https://web.archive.org/web/20170101163610/https://www.theguardian.com/books/2014/may/12/war-gold-500-year-history-study-money-society-kwarteng-review \|url-status=live}}</ref> In 2015, his next book, ''Thatcher's Trial: Six Months That Defined a Leader'', was published.<ref>{{cite news \|url=https://www.thetimes.co.uk/article/thatchers-trial-six-months-that-defined-a-leader-by-kwasi-kwarteng-788sktq3dpx \|work=The Times \|date=26 September 2015 \|last=Webster \|first=Philip \|title=Thatcher's Trial: Six Months That Defined a Leader by Kwasi Kwarteng \|access-date=24 September 2022 \|archive-date=24 September 2022 \|archive-url=https://web.archive.org/web/20220924175230/https://www.thetimes.co.uk/article/thatchers-trial-six-months-that-defined-a-leader-by-kwasi-kwarteng-788sktq3dpx \|url-status=live}}</ref>

	Kwarteng was re-elected at the ] with an increased majority of 14,152 votes.<ref>{{cite web \|url=https://electionresults.parliament.uk/election/2015-05-07/Results/Location/Constituency/Spelthorne/ \|title=Spelthorne (Constituency) 2015 results \|publisher=UK Parliament \|access-date=25 September 2022 \|archive-date=25 September 2022 \|archive-url=https://web.archive.org/web/20220925093751/https://electionresults.parliament.uk/election/2015-05-07/Results/Location/Constituency/Spelthorne/ \|url-status=live}}</ref> Kwarteng backed the UK's withdrawal from the ] in the ].<ref name=":0">{{cite web \|url=https://www.foreignaffairs.com/interviews/2016-07-10/brexiteers-celebration \|first=Stuart \|last=Reid \|title=A Brexiteer's Celebration – a conversation with Kwasi Kwarteng \|work=Foreign Affairs \|date=10 July 2016 \|access-date=6 September 2016 \|archive-date=20 September 2016 \|archive-url=https://web.archive.org/web/20160920090613/https://www.foreignaffairs.com/interviews/2016-07-10/brexiteers-celebration \|url-status=live}}</ref>

	=== Early ministerial career (2017–2019) ===
	Following the ], Kwarteng was appointed ] to Chancellor of the Exchequer ].<ref>{{cite web \|url=https://conservativehome.com/2017/06/28/parliamentary-private-secretaries-full-list/ \|title=Parliamentary Private Secretaries: full list \|publisher=ConservativeHome \|access-date=24 September 2022 \|date=28 June 2017 \|archive-date=25 September 2022 \|archive-url=https://web.archive.org/web/20220925094348/https://conservativehome.com/2017/06/28/parliamentary-private-secretaries-full-list/ \|url-status=live}}</ref> On 16 November 2018, Kwarteng replaced ] as a minister in the ].<ref name="kwasiappoint">{{cite news \|title=Stephen Barclay named new Brexit Secretary \|url=https://www.bbc.com/news/uk-46241693 \|url-status=live \|publisher=BBC News \|date=16 November 2018 \|access-date=16 November 2018 \|archive-url=https://web.archive.org/web/20181118034205/https://www.bbc.com/news/uk-46241693 \|archive-date=18 November 2018}}</ref>

	Kwarteng supported Boris Johnson in the ].<ref>{{cite news \|archive-date=19 September 2019 \|archive-url=https://web.archive.org/web/20190919020312/https://ig.ft.com/uk-prime-minister-leadership-contest/ \|date=20 June 2019 \|url=https://ig.ft.com/uk-prime-minister-leadership-contest/ \|url-status=dead \|work=Financial Times \|last1=Payne \|first1=Sebastian \|last2=Tilford \|first2=Cale \|last3=Kao \|first3=Joanna \|last4=Stabe \|first4=Martin \|title=UK's next prime minister — who are the lead candidates?}}</ref> After Johnson's victory, Kwarteng was appointed ] at the ] on 25 July 2019 along with ], a brother of the Prime Minister.<ref>{{cite web \|url=https://www.theguardian.com/politics/2019/jul/24/boris-johnson-first-cabinet-whos-who \|first1=Heather \|last1=Stewart \|first2=Rowena \|last2=Mason \|first3=Jessica \|last3=Elgot \|first4=Peter \|last4=Walker \|title=Who's who in Boris Johnson's first cabinet \|work=The Guardian \|date=25 July 2019 \|access-date=25 July 2019 \|archive-date=5 February 2020 \|archive-url=https://web.archive.org/web/20200205005316/https://www.theguardian.com/politics/2019/jul/24/boris-johnson-first-cabinet-whos-who \|url-status=live}}</ref> He was appointed to the ] on the same day.<ref>{{cite web \|title=Orders Approved and Business Transacted at the Privy Council Held by the Queen at Buckingham Palace on 25th July 2019 \|url=http://privycouncil.independent.gov.uk/wp-content/uploads/2019/07/2019-07-25-List-of-Business.pdf \|date=2019 \|publisher=Privy Council Office \|access-date=30 July 2019 \|archive-date=30 July 2019 \|archive-url=https://web.archive.org/web/20190730112009/http://privycouncil.independent.gov.uk/wp-content/uploads/2019/07/2019-07-25-List-of-Business.pdf \|url-status=live}}</ref>

	In September 2019, Kwarteng stated on '']'': "I'm not saying this, but, many people are saying that the judges are biased"<ref name=Neil/> after the ] ruled that Boris Johnson's ] was illegal. Kwarteng added: "The extent to which lawyers and judges are interfering in politics is something that concerns many people." Defence Secretary ] and the then Housing Secretary ] distanced themselves from his comments and defended the judiciary. Opposition MPs, the chair of the ], and the chair of the ] criticised his comments.<ref name=Neil>{{cite news \|url=https://www.bbc.com/news/uk-politics-49670901 \|title=Kwasi Kwarteng criticised for 'biased judges' comment \|publisher=BBC News \|date=12 September 2019 \|access-date=12 September 2019 \|archive-date=12 September 2019 \|archive-url=https://web.archive.org/web/20190912074504/https://www.bbc.com/news/uk-politics-49670901 \|url-status=live}}</ref><ref>{{cite news \|url=https://www.theguardian.com/politics/2019/sep/12/brexit-kwasi-kwarteng-criticised-for-biased-judges-comment \|work=The Guardian \|date=12 September 2019 \|title=Brexit: Kwasi Kwarteng criticised for 'biased judges' comment \|last=Mohdin \|first=Aamna \|access-date=25 September 2022 \|archive-date=25 September 2022 \|archive-url=https://web.archive.org/web/20220925093751/https://www.theguardian.com/politics/2019/sep/12/brexit-kwasi-kwarteng-criticised-for-biased-judges-comment \|url-status=live}}</ref>

	=== Secretary of State for Business, Energy and Industrial Strategy (2021–2022) ===
	]
	On 8 January 2021, as part of a mini-reshuffle, he replaced ] as ].<ref>{{cite press release \|url=https://www.gov.uk/government/news/alok-sharma-becomes-full-time-cop26-president-and-kwasi-kwarteng-is-appointed-as-secretary-of-state-for-business \|work=GOV.UK \|title=Alok Sharma becomes full-time COP26 president and Kwasi Kwarteng is appointed as Secretary of State for Business \|date=8 January 2021 \|access-date=16 November 2021 \|archive-date=8 January 2021 \|archive-url=https://web.archive.org/web/20210108171813/https://www.gov.uk/government/news/alok-sharma-becomes-full-time-cop26-president-and-kwasi-kwarteng-is-appointed-as-secretary-of-state-for-business \|url-status=live}}</ref> He committed the department to cutting global emissions to stop climate change.<ref>{{cite web \|last=Watts \|first=Rob \|date=20 April 2021 \|title=UK commits to 'world's most ambitious target' for emissions cuts \|url=https://www.upstreamonline.com/energy-transition/uk-commits-to-worlds-most-ambitious-target-for-emissions-cuts/2-1-998542 \|url-status=live \|access-date=10 May 2021 \|work=Upstream Online \|archive-date=10 May 2021 \|archive-url=https://web.archive.org/web/20210510034808/https://www.upstreamonline.com/energy-transition/uk-commits-to-worlds-most-ambitious-target-for-emissions-cuts/2-1-998542}}</ref>

	====Dissolving ISC====
	In March 2021, he was criticised for dissolving the Industrial Strategy Council, the advisory body seeking to regenerate Britain's regions.<ref>{{Cite news \|url=https://www.theguardian.com/business/2021/mar/04/business-leaders-condemn-decision-axe-uk-industry-strategy-panel \|title=UK business leaders condemn 'sad and bad' axing of industrial strategy panel \|work=The Guardian \|last=Inman \|first=Phillip \|date=4 March 2021 \|access-date=4 January 2022 \|archive-date=1 December 2021 \|archive-url=https://web.archive.org/web/20211201074456/https://www.theguardian.com/business/2021/mar/04/business-leaders-condemn-decision-axe-uk-industry-strategy-panel \|url-status=live}}</ref> In the days after the ] climate summit, Kwarteng met oil industry bosses to encourage them to continue drilling in the North Sea.<ref>{{cite news \|last=Gosden \|first=Emily \|title=Kwasi Kwarteng courted oil bosses after Cop26 \|work=The Times \|url=https://www.thetimes.co.uk/article/kwasi-kwarteng-courted-oil-bosses-after-cop26-6wkf0sdd8 \|date=3 January 2022 \|access-date=3 January 2022 \|issn=0140-0460 \|archive-date=3 January 2022 \|archive-url=https://web.archive.org/web/20220103005423/https://www.thetimes.co.uk/article/kwasi-kwarteng-courted-oil-bosses-after-cop26-6wkf0sdd8 \|url-status=live \|url-access=subscription}}</ref>

	In January 2022, while on a trip to ], Kwarteng accepted flights and hospitality from ], the majority state-owned energy firm. Kwarteng was also gifted a £300 Lenovo tablet. The ] department transparency data revealed that Kwarteng travelled to Saudi Arabia on a commercial flight costing the taxpayer £4,430. He also visited Aramco's ] oil field with the Saudi energy minister, although this was not logged in BEIS transparency records. Opposition politicians criticised Kwarteng for accepting the Saudi state's hospitality, particularly in light of their human rights record, and raised concerns over whether he broke the ministerial code.<ref>{{cite web \|url=https://www.businessinsider.com/business-secretary-kwasi-kwarteng-flown-around-saudi-arabia-by-aramco-2022-7?r=US&IR=T \|title=Business Secretary Kwasi Kwarteng travelled around Saudi Arabia on flights paid by energy giant Aramco \|access-date=18 July 2022 \|website=Business Insider \|archive-date=30 August 2022 \|archive-url=https://web.archive.org/web/20220830161357/https://www.businessinsider.com/business-secretary-kwasi-kwarteng-flown-around-saudi-arabia-by-aramco-2022-7?r=US&IR=T \|url-status=live}}</ref>

	==== 2021 gas crisis ====
	{{main\|2021 United Kingdom natural gas supplier crisis}}
	From August 2021, high European wholesale ] prices caused some smaller domestic suppliers in the United Kingdom to go out of business. In September 2021, the ] caused serious disruption to the supply of road fuel.<ref>{{cite news \|title=Fuel crisis: Business Secretary Kwasi Kwarteng 'not guaranteeing anything' over impact on Christmas \|access-date=16 November 2021 \|last=Morris \|first=Sophie \|url=https://news.sky.com/story/fuel-crisis-business-secretary-kwasi-kwarteng-not-guaranteeing-anything-over-impact-on-christmas-12421137 \|publisher=Sky News \|date=29 September 2021 \|archive-date=30 September 2021 \|archive-url=https://web.archive.org/web/20210930073012/https://news.sky.com/story/fuel-crisis-business-secretary-kwasi-kwarteng-not-guaranteeing-anything-over-impact-on-christmas-12421137 \|url-status=live}}</ref> Kwarteng said that "There is no question of the lights going out, of people being unable to heat their homes. There will be no ], or a throwback to the 1970s."<ref>{{cite news \|title=Where does the UK get its gas and is it facing a shortage this winter? \|access-date=16 November 2021 \|url=https://www.bbc.com/news/business-58637094 \|work=] \|date=21 September 2021 \|archive-date=19 October 2021 \|archive-url=https://web.archive.org/web/20211019043638/https://www.bbc.com/news/business-58637094 \|url-status=live}}</ref> He also said that the government would not rescue failed companies.<ref>{{cite news \|title=UK gas supply issues will not see 'lights going out', business secretary Kwarteng says \|url=https://www.irishtimes.com/business/energy-and-resources/uk-gas-supply-issues-will-not-see-lights-going-out-business-secretary-kwarteng-says-1.4678707 \|newspaper=] \|last=Staunton \|first=Denis \|date=20 September 2021 \|access-date=16 November 2021 \|archive-date=28 September 2021 \|archive-url=https://web.archive.org/web/20210928185354/https://www.irishtimes.com/business/energy-and-resources/uk-gas-supply-issues-will-not-see-lights-going-out-business-secretary-kwarteng-says-1.4678707 \|url-status=live}}</ref> ], Labour's shadow business secretary, accused Kwarteng of being complacent.<ref>{{cite news \|title=Kwasi Kwarteng vetoes subsidies for gas supply giants to take on rivals' clients \|url=https://www.theguardian.com/business/2021/sep/23/kwasi-kwarteng-vetoes-subsidies-for-gas-supply-giants-to-take-on-rivals-clients \|work=The Guardian \|last=Ambrose \|first=Jillian \|date=23 September 2021 \|access-date=16 November 2021 \|archive-date=18 October 2021 \|archive-url=https://web.archive.org/web/20211018172530/https://www.theguardian.com/business/2021/sep/23/kwasi-kwarteng-vetoes-subsidies-for-gas-supply-giants-to-take-on-rivals-clients \|url-status=live}}</ref>

	==== Role in the Owen Paterson scandal ====
	Kwarteng was an outspoken supporter of ], who had been found by the ] to have committed "an egregious case of paid advocacy".<ref>{{cite news \|url=https://www.reuters.com/world/uk/uk-lawmaker-should-be-suspended-over-egregious-paid-lobbying-watchdog-2021-10-26/ \|title=UK lawmaker should be suspended over 'egregious' paid lobbying – watchdog \|work=Reuters \|date=26 October 2021 \|access-date=16 November 2021 \|archive-date=17 November 2021 \|archive-url=https://web.archive.org/web/20211117203455/https://www.reuters.com/world/uk/uk-lawmaker-should-be-suspended-over-egregious-paid-lobbying-watchdog-2021-10-26/ \|url-status=live}}</ref><ref>{{cite web \|url=https://committees.parliament.uk/committee/290/committee-on-standards/news/158246/committee-on-standards-publish-report-on-the-conduct-of-rt-hon-owen-paterson-mp/ \|title=Committee on Standards publish report on the conduct of Rt Hon Owen Paterson MP \|publisher=UK Parliament \|date=26 October 2021 \|accessdate=15 October 2022 \|archive-date=26 October 2021 \|archive-url=https://web.archive.org/web/20211026112117/https://committees.parliament.uk/committee/290/committee-on-standards/news/158246/committee-on-standards-publish-report-on-the-conduct-of-rt-hon-owen-paterson-mp/ \|url-status=dead }}</ref> In reaction to this ruling, Kwarteng called for the independent ], ], to "consider her position". The government later withdrew its support for Paterson, who resigned as an MP. The opposition called for an investigation into Kwarteng, claiming he may have breached the ministerial code.<ref>{{cite news \|url=https://news.sky.com/story/owen-paterson-resignation-labour-call-for-investigation-into-kwasi-kwartengs-comments-to-sky-news-about-standards-watchdog-12460151 \|title=Owen Paterson resignation: Labour call for investigation into Kwasi Kwarteng's comments to Sky News about standards watchdog \|publisher=Sky News \|last=Morris \|first=Sophie \|date=4 November 2021 \|access-date=16 November 2021 \|archive-date=18 November 2021 \|archive-url=https://web.archive.org/web/20211118080938/https://news.sky.com/story/owen-paterson-resignation-labour-call-for-investigation-into-kwasi-kwartengs-comments-to-sky-news-about-standards-watchdog-12460151 \|url-status=live}}</ref>

	On 15 November 2021, Kwarteng published a letter of apology to Stone, in which he said he "did not mean to express doubt about your ability to discharge your role" and apologised for "any upset or distress my choice of words may have caused".<ref>{{cite news \|title=Minister Kwasi Kwarteng sorry for upset caused by Standards Commissioner remarks \|url=https://www.bbc.co.uk/news/uk-politics-59298861 \|access-date=16 November 2021 \|work=BBC News \|date=15 November 2021 \|archive-date=16 November 2021 \|archive-url=https://web.archive.org/web/20211116011305/https://www.bbc.co.uk/news/uk-politics-59298861 \|url-status=live}}</ref>

	===Chancellor of the Exchequer===
	{{Further information\|September 2022 United Kingdom mini-budget}}
	{{float right clear none\|
	{{Bar box
	\|title=Major mini-budget measures by cost over 5 years<ref name=hmt-202209/><!-- from Table 4.1 & 4.2 -->
	\|titlebar=#DDD
	\|left1=
	\|right2=£ billions
	\|width=400px
	\|bars=
	{{bar pixel\|National Insurance increase reversal\|blue\|77}}
	{{bar pixel\|Corporation Tax cancel increase\|blue\|63}}
	{{bar pixel\|Energy bills support 2022–23\|blue\|60\|{{ref label\|energy\|a}}}}
	{{bar pixel\|Cost of living support\|blue\|15}}
	{{bar pixel\|Stamp Duty reduction\|blue\|7}}
	{{bar pixel\|Income Tax remove 45% rate band\|blue\|7}}
	{{bar pixel\| ] easing\|blue\|6}}
	\|caption={{note label\|energy\|a}} Domestic energy support runs to Sep 2024, but only first 6 months is costed
	}}
	}}
	Kwarteng was appointed Chancellor of the Exchequer by incoming Prime Minister ] on 6 September 2022.<ref>{{cite news \|last1=Capel \|first1=Charles \|title=UK's Truss Names Kwasi Kwarteng as New Chancellor \|url=https://www.bloomberg.com/news/articles/2022-09-06/uk-s-truss-names-kwasi-kwarteng-as-new-chancellor \|access-date=6 September 2022 \|work=Bloomberg \|date=6 September 2022 \|archive-date=6 September 2022 \|archive-url=https://web.archive.org/web/20220906194138/https://www.bloomberg.com/news/articles/2022-09-06/uk-s-truss-names-kwasi-kwarteng-as-new-chancellor \|url-status=live}}</ref> On 23 September 2022, he announced a set of economic policies named "The Growth Plan 2022" in what the Treasury described as a "fiscal event"; this was dubbed a "]" by the media. He refused to allow the ] to assess the economic impact of the budget and provide a forecast.<ref>{{cite news \|url=https://www.theguardian.com/politics/2022/sep/20/kwasi-kwarteng-urged-to-allow-release-of-obr-forecasts-with-mini-budget \|title=Kwasi Kwarteng refuses to let OBR release forecasts with mini-budget \|work=The Guardian \|date=20 September 2022 \|access-date=24 September 2022 \|last1=Mason \|first1=Rowena \|last2=Inman \|first2=Phillip \|archive-date=24 September 2022 \|archive-url=https://web.archive.org/web/20220924112120/https://www.theguardian.com/politics/2022/sep/20/kwasi-kwarteng-urged-to-allow-release-of-obr-forecasts-with-mini-budget \|url-status=live}}</ref><ref name=hmt-202209>{{cite book \|url=https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1105985/HMT_Autumn_Statement_2022_PRINT.pdf \|title=The Growth Plan 2022 \|id=CP 743 \|publisher=HM Treasury \|via=gov.uk \|isbn=978-1-5286-3688-9 \|date=September 2022 \|access-date=13 October 2022 \|archive-date=23 September 2022 \|archive-url=https://web.archive.org/web/20220923195025/https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1105985/HMT_Autumn_Statement_2022_PRINT.pdf \|url-status=live}}</ref>

	Among the policies announced by Kwarteng was a cut in the basic rate of ] from 20% to 19% to start in April 2023, the abolition of the 45% higher rate of income tax in England, Wales and Northern Ireland, the lifting of the ] threshold, the freezing of energy bills, the reversal of the increase in ] from April 2022, the abolition of the proposed ], and the scrapping of the limit on bankers' bonuses.<ref>{{cite web \|title=At a glance: What's in the mini-budget? \|url=https://www.bbc.co.uk/news/business-62920969 \|website=BBC News \|access-date=23 September 2022 \|date=23 September 2022 \|archive-date=23 September 2022 \|archive-url=https://web.archive.org/web/20220923041813/https://www.bbc.co.uk/news/business-62920969 \|url-status=live}}</ref><ref>{{cite web \|last1=Partington \|first1=Richard \|last2=Allegretti \|first2=Aubrey \|title=Kwasi Kwarteng's mini-budget: key points at a glance \|url=https://www.theguardian.com/uk-news/2022/sep/23/kwasi-kwarteng-mini-budget-key-points-at-a-glance \|website=The Guardian \|access-date=23 September 2022 \|date=23 September 2022 \|archive-date=23 September 2022 \|archive-url=https://web.archive.org/web/20220923084315/https://www.theguardian.com/uk-news/2022/sep/23/kwasi-kwarteng-mini-budget-key-points-at-a-glance \|url-status=live}}</ref><ref>{{cite web \|last=Sillars \|first=James \|title=Mini-budget: The key announcements from the chancellor at a glance \|url=https://news.sky.com/story/mini-budget-the-key-announcements-from-the-chancellor-at-a-glance-12703687 \|publisher=Sky News \|access-date=23 September 2022 \|archive-date=14 October 2022 \|archive-url=https://web.archive.org/web/20221014201808/https://news.sky.com/story/mini-budget-the-key-announcements-from-the-chancellor-at-a-glance-12703687 \|url-status=live}}</ref> The ] director ] called it "the biggest package of tax cuts in 50 years" and said that "the plan seems to be to borrow large sums at increasingly expensive rates, put government debt on an unsustainable rising path, and hope that we get better growth".<ref>{{cite web \|url=https://ifs.org.uk/articles/mini-budget-response \|title=Mini-Budget response \|publisher=Institute for Fiscal Studies \|access-date=24 September 2022 \|date=23 September 2022 \|archive-date=14 October 2022 \|archive-url=https://web.archive.org/web/20221014201811/https://ifs.org.uk/articles/mini-budget-response \|url-status=live}}</ref><ref>{{cite news \|url=https://www.ft.com/content/42ac5639-b2f6-46ac-b0e6-441cfdb3170c \|title=High earners reap the rewards as Kwarteng ditches redistribution \|date=23 September 2022 \|access-date=25 September 2022 \|last=Strauss \|first=Delphine \|work=Financial Times \|archive-date=24 September 2022 \|archive-url=https://web.archive.org/web/20220924225747/https://www.ft.com/content/42ac5639-b2f6-46ac-b0e6-441cfdb3170c \|url-status=live}}</ref> The following week, ] fell to its lowest-ever level against the US dollar,<ref>{{cite web \|last=Sillars \|first=James \|date=26 September 2022 \|title=Pound sank to record low against the dollar and UK economy predicted to flatline next year – as PM and chancellor defend mini-budget \|url=https://news.sky.com/story/pound-sinks-to-record-low-against-the-dollar-as-chancellor-and-prime-minister-defend-mini-budget-12705529 \|access-date=29 September 2022 \|publisher=Sky News \|archive-date=29 September 2022 \|archive-url=https://web.archive.org/web/20220929093110/https://news.sky.com/story/pound-sinks-to-record-low-against-the-dollar-as-chancellor-and-prime-minister-defend-mini-budget-12705529 \|url-status=live}}</ref> and turmoil in government bond prices led the Bank of England to launch an emergency bond buying programme. This caused house mortgage lenders to withdraw over 40% of their products, with other products repriced upwards.<ref>{{cite news \|last1=Bruce \|first1=Andy \|last2=Milliken \|first2=David \|last3=Cruise \|first3=Sinead \|date=28 September 2022 \|title=Bank of England moves to calm bond market rout after tax cut storm \|publisher=Reuters \|url=https://www.reuters.com/world/uk/imf-moodys-censure-uk-policy-bank-england-says-will-act-big-2022-09-28/ \|access-date=28 September 2022 \|archive-date=28 September 2022 \|archive-url=https://web.archive.org/web/20220928065414/https://www.reuters.com/world/uk/imf-moodys-censure-uk-policy-bank-england-says-will-act-big-2022-09-28/ \|url-status=live }}</ref><ref name=guardian-20220929>{{cite news \|url=https://www.theguardian.com/business/2022/sep/29/mortgages-withdrawn-housing-market-mini-budget-lenders-economic-uncertainty \|title=More than 40% of mortgages withdrawn as market reels after mini-budget \|last=Inman \|first=Phillip \|newspaper=The Guardian \|date=29 September 2022 \|access-date=14 October 2022 \|archive-date=14 October 2022 \|archive-url=https://web.archive.org/web/20221014023304/https://www.theguardian.com/business/2022/sep/29/mortgages-withdrawn-housing-market-mini-budget-lenders-economic-uncertainty \|url-status=live }}</ref> The ] cautioned that the measures would increase inequality.<ref>{{cite web \|title=IMF warns UK against mini-budget that will 'likely increase inequality' \|url=https://news.sky.com/story/imf-warns-uk-against-mini-budget-that-will-likely-increase-inequality-12706612 \|access-date=28 September 2022 \|publisher=Sky News \|archive-date=28 September 2022 \|archive-url=https://web.archive.org/web/20220928000924/https://news.sky.com/story/imf-warns-uk-against-mini-budget-that-will-likely-increase-inequality-12706612 \|url-status=live}}</ref>

	Following criticism from several Conservative MPs, including ], Kwarteng said on 3 October 2022 that the government would not pursue the plan to abolish the 45% higher rate of income tax paid by people earning over £150,000 a year.<ref>{{cite news \|title=Kwasi Kwarteng U-turns on plans to scrap 45p tax rate \|url=https://www.bbc.co.uk/news/uk-63114279 \|work=BBC News \|date=3 October 2022 \|access-date=3 October 2022 \|archive-date=3 October 2022 \|archive-url=https://web.archive.org/web/20221003072333/https://www.bbc.co.uk/news/uk-63114279 \|url-status=live}}</ref> Kwarteng said the plan had become a "distraction from our overriding mission to tackle the challenges facing the country".<ref>{{cite news \|url=https://www.bbc.co.uk/news/av/uk-63114409 \|title=Chancellor defends income tax cut U-turn \|work=BBC News \|date=3 October 2022 \|access-date=3 October 2022 \|archive-date=3 October 2022 \|archive-url=https://web.archive.org/web/20221003072338/https://www.bbc.co.uk/news/av/uk-63114409 \|url-status=live}}</ref>

	Kwarteng was dismissed as Chancellor on 14 October after only 38 days in post. This made him the second shortest-serving Chancellor after ], who died a month after taking office. Kwarteng was succeeded by ].<ref>{{cite news \|last=Walker \|first=Peter \|date=2022-10-14 \|title=Liz Truss appoints Jeremy Hunt as chancellor after sacking Kwarteng \|url=https://www.theguardian.com/politics/2022/oct/14/liz-truss-appoints-jeremy-hunt-as-chancellor-after-sacking-kwarteng \|access-date=2022-10-14 \|website=] \|language=en \|archive-date=14 October 2022 \|archive-url=https://web.archive.org/web/20221014200854/https://www.theguardian.com/politics/2022/oct/14/liz-truss-appoints-jeremy-hunt-as-chancellor-after-sacking-kwarteng \|url-status=live}}</ref><ref>{{cite news \|url=https://www.theguardian.com/politics/2022/oct/14/kwasi-kwarteng-logical-choice-chancellor-hubris-downfall \|work=The Guardian \|title=Kwasi Kwarteng was logical choice as chancellor but hubris was his downfall \|last=Walker \|first=Peter \|date=14 October 2022 \|accessdate=15 October 2022 \|archive-date=14 October 2022 \|archive-url=https://web.archive.org/web/20221014234044/https://www.theguardian.com/politics/2022/oct/14/kwasi-kwarteng-logical-choice-chancellor-hubris-downfall \|url-status=live }}</ref>

	== Political views ==
	Kwarteng is considered a member of the ] of the Conservative Party.<ref>{{cite web \|last=Abbey \|first=Nels \|title=Kwasi Kwarteng Is a Brilliant Man in a Bad Role \|url=https://foreignpolicy.com/2021/05/22/kwasi-kwarteng-is-a-brilliant-man-in-a-bad-role/ \|access-date=5 August 2022 \|website=Foreign Policy \|archive-date=30 August 2022 \|archive-url=https://web.archive.org/web/20220830161358/https://foreignpolicy.com/2021/05/22/kwasi-kwarteng-is-a-brilliant-man-in-a-bad-role/ \|url-status=live}}</ref>

	=== Racial issues and colonialism ===
	Kwarteng's views on ] have been described by a ] writer as "nuanced".<ref>{{cite news \|first=Georgina \|last=Bailey \|date=9 July 2021 \|title=Kwasi Kwarteng MP: 'People should look at history with a bit more humility' \|url=https://www.politicshome.com/thehouse/article/kwasi-kwarteng-mp-people-should-look-at-history-with-a-bit-more-humility \|access-date=5 August 2022 \|work=Politicshome.com \|archive-date=30 August 2022 \|archive-url=https://web.archive.org/web/20220830161400/https://www.politicshome.com/thehouse/article/kwasi-kwarteng-mp-people-should-look-at-history-with-a-bit-more-humility \|url-status=live}}</ref> Kwarteng has argued that many supporters of the ] movement and critics of ] have "a very kind of cartoon-like view" of the past, arguing:<blockquote>So within that time and geography there's a huge amount of variety, different cultures and different time periods and getting a sensitivity to that is hugely important and I think a lot of the debate around Black Lives Matter and imperialism or colonialism has a very kind of cartoon-like view of what was happening over centuries across a quarter of the world.<ref>{{cite news \|date=29 January 2021 \|title=Business secretary says much of debate around Black Lives Matter has 'kind of cartoon-like view' of past \|url=https://www.independent.co.uk/news/uk/politics/kwasi-kwarteng-black-lives-matter-blm-b1794712.html \|access-date=5 August 2022 \|work=The Independent}}</ref></blockquote>

	=== Economic issues ===
	In August 2012, Kwarteng co-authored a book with four fellow MPs, titled '']''.<ref>{{cite web \|date=17 August 2012 \|title=Tackle 'lazy' Britain, fellow Tories tell David Cameron \|url=https://www.standard.co.uk/news/politics/tackle-lazy-britain-fellow-tories-tell-david-cameron-8056787.html \|url-status=live \|archive-url=https://web.archive.org/web/20161207135125/http://www.standard.co.uk/news/politics/tackle-lazy-britain-fellow-tories-tell-david-cameron-8056787.html \|archive-date=7 December 2016 \|access-date=3 April 2018 \|work=London Evening Standard}}</ref> The book argues for a radical shrinking of the ] in order "to return it to the contributory principle envisioned by its founder ] – that you get benefits in return for contributions".<ref name="BBC33092329" />

	==Personal life==
	Kwarteng is described by friends as an "intensely private" person.<ref name="Amiable geek" /> He was previously in a relationship with former Conservative Home Secretary ].<ref>{{cite news \|url=https://www.thetimes.co.uk/article/amber-gives-green-light-to-suitors-hhn02r537 \|title=Amber gives green light to suitors \|first=Roland \|last=White \|work=The Sunday Times \|date=23 September 2018 \|access-date=13 November 2020 \|archive-date=2 August 2019 \|archive-url=https://web.archive.org/web/20190802084608/https://www.thetimes.co.uk/article/amber-gives-green-light-to-suitors-hhn02r537 \|url-status=live \|url-access=subscription}}</ref> He married ] solicitor Harriet Edwards in December 2019.<ref name="x3"/> Their daughter was born in 2021.<ref>{{cite hansard \|jurisdiction=] \|title=Net Zero Strategy and Heat and Buildings Strategy \|url=https://hansard.parliament.uk/Commons/2021-10-19/debates/0012200A-2603-4AD9-B768-5C0E38631200/NetZeroStrategyAndHeatAndBuildingsStrategy \|house=] \|date=19 October 2021 \|column= \|speaker=] \|position=]}} {{Webarchive \|url=https://web.archive.org/web/20211020084622/https://hansard.parliament.uk/Commons/2021-10-19/debates/0012200A-2603-4AD9-B768-5C0E38631200/NetZeroStrategyAndHeatAndBuildingsStrategy \|date=20 October 2021 }}</ref> He has lived in ], and in January 2022 purchased a house in ].<ref name="Amiable geek" /> He is a member of the ].<ref>{{cite news \|last1=Sylvester \|first1=Rachel \|title=The real Kwasi Kwarteng — by the insiders who know him best \|url=https://www.thetimes.co.uk/article/kwasi-kwarteng-profile-chancellor-analysis-people-who-know-him-6cbj3f5kl \|access-date=28 September 2022 \|work=The Times \|date=28 September 2022 \|url-access=subscription \|archive-date=28 September 2022 \|archive-url=https://web.archive.org/web/20220928063505/https://www.thetimes.co.uk/article/kwasi-kwarteng-profile-chancellor-analysis-people-who-know-him-6cbj3f5kl \|url-status=live}}</ref>

	==Publications==
	*{{Cite book \|last=Kwarteng \|first=Kwasi \|url=https://www.worldcat.org/oclc/904756788 \|title=Ghosts of empire : Britain's legacies in the modern world \|date=2011 \|isbn=978-1-4088-2290-6 \|publisher=] \|location=London \|oclc=904756788}}
	*{{Cite book \|last=Kwarteng \|first=Kwasi \|url=https://www.worldcat.org/oclc/771875676 \|title=After the Coalition. \|date=2011 \|publisher=Biteback \|others=], ], ] and ] \|isbn=978-1-84954-212-8 \|location=London \|oclc=771875676}}
	*{{Cite book \|last=Kwarteng \|first=Kwasi \|url=https://www.worldcat.org/oclc/751663991 \|title=Gridlock nation : why Britain's transport systems are heading towards gridlock and what we can do to stop it \|date=2011 \|publisher=Biteback \|others=Jonathan Dupont \|isbn=978-1-84954-112-1 \|location=London \|oclc=751663991}}
	*{{cite book \|title=Britannia Unchained: Global Lessons for Growth and Prosperity \|publisher=] \|location=Houndmills, Basingstoke, Hampshire \|oclc=809314985 \|year=2012 \|authors=Kwasi Kwarteng in collaboration with ], ], ] and ] \|isbn=9781137032232 \|title-link=Britannia Unchained}}
	*{{Cite book \|last=Kwarteng \|first=Kwasi \|url=https://www.worldcat.org/title/872709558 \|title=War and gold : a five-hundred-year history of empires, adventures and debt \|date=2014 \|isbn=978-1-4088-4815-9 \|publisher=] \|location=London \|oclc=872709558}}
	*{{Cite book \|last=Kwarteng \|first=Kwasi \|url=https://www.worldcat.org/oclc/919896895 \|title=Thatcher's trial : six months that defined a leader \|date=2015 \|isbn=978-1-4088-5917-9 \|publisher=] \|location=London \|oclc=919896895}}

	==References==
	{{reflist}}

	==External links==
	{{Portal\|Politics\|Conservatism\|United Kingdom\|Biography}}
	*{{official website\|kwasi4spelthorne.org.uk}}
	*{{UK MP links \|parliament=4134 \|publicwhip= \|theywork= }}
	* at ''Conservative Home''
	*

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