Kwasi Kwarteng named Britain's new finance minister
Tweet
Share
E-mail
Kwasi Kwarteng arrives at Number 10 Downing Street, in London, Britain September 6, 2022. REUTERS/Phil Noble
LONDON (Reuters) -Britain's new Prime Minister Liz Truss has appointed business and energy secretary Kwasi Kwarteng as the new finance minister, her office said in a statement on Tuesday.
Kwarteng, an ideological ally of Truss, has said that her government can afford to borrow more to fund support to households and businesses on their energy bills, but it will remain responsible with the public finances.
He had been business and energy minister since January 2021, previously holding a junior role in the department, and he also worked in the Brexit ministry.
Like Truss, Kwarteng has expressed his admiration for former Prime Minister Margaret Thatcher, but has shown some pragmatism in applying those principles in his previous roles in government.
(Reporting by Sachin Ravikumar and Muvija M; writing by Alistair Smout; Editing by Kate Holton)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ECB saw a further hike as likely at July meeting
- Trump, officials discuss expanded refinery waivers as farm backlash grows, sources say
- US federal agency confirms data breach in wake of claims by ransomware group
Create E-mail Alert Related Categories
Forex, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
