Akwasi Addo Alfred Kwarteng (born 26 May 1975)is a British Conservative Party politician who has been the Member of Parliament (MP) for Spelthorne in northern Surrey since May 2010.
He was Secretary of State for Business, Energy and Industrial Strategy from 2021 to 2022, and Chancellor of the Exchequer for the Liz Truss government between September and October 2022.
After Johnson resigned in 2022, Kwarteng supported Liz Truss’s bid to become Conservative leader.
Following Truss’s appointment as Prime Minister, she appointed Kwarteng as Chancellor of the Exchequer.
His appointment made him the first black person to serve as Chancellor of the Exchequer.
On 23 September, Kwarteng announced various tax cuts in a “mini-budget” that was widely criticised and which briefly caused sterling 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.