In some ways, Kwasi Kwarteng's elevation to the second-most important job in British politics couldn't be more novel. Born in London in 1975 to Ghanaian parents who emigrated to the United Kingdom as students 10 years earlier, Kwarteng has broken new ground in becoming the first black person to hold the role of chancellor of the Exchequer. Now, as chancellor, Kwarteng finds himself in charge of an ailing UK economy beset by soaring inflation and a cost-of-living crisis. "It is possibly the most serious set of circumstances that have confronted any chancellor since the second world war." With an election expected in 2024, Kwarteng will be hoping his measures show signs of benefitting the economy quickly.

Source: News 24 September 24, 2022 22:29 UTC