Last week Britain’s new chancellor of the exchequer (or finance minister) delivered a mini-budget that has left markets reeling. But who is Kwasi Kwarteng and why is he rather odd? Illustration: Nate Kitch
Save time by listening to our audio articles as you multitasks across the chamber, Mr Kwarteng blamed them for the state of Britain’s finances, which had been blown apart by the financial crisis of 2007-09. “They have not once accepted any blame for what happened and they seem to think that we can just sail on as before,” said Mr Kwarteng, who was 35 at the time. Skip forward 12 years and Mr Kwarteng is Britain’s chancellor, overseeing finances again scarred by crises.
The first half of his life was textbook Tory. Educated at Eton and Cambridge, he landed a job as a columnist at thefhmin financial history at Cambridge, he went to work in the City before winning a safe seat just outside London. The fact his parents hailed from Ghana is the only unusual part of an otherwise orthodox Tory background. Even that now feels unexceptional. Mr Kwarteng is the first black chancellor, but he is the fourth ethnic-minority chancellor in a row.
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