Kwasi Kwarteng appointed chancellor as Liz Truss vows to 'rebuild our economy'

Former BEIS secretary

James Baxter-Derrington
clock • 2 min read

Kwasi Kwarteng has been appointed Chancellor of the Exchequer as Liz Truss takes on the mantle of prime minister.

Following the results of the Conservative party election revealed on Monday (5 September), Truss has been assembling a cabinet in order to address the magnitude of problems facing the nation. The fourth chancellor in three years, Kwarteng will lead the charge in "rebuilding the economy", a promise made in Truss's first speech outside Downing Street. Truss also promised to "get Britain working again", alluding to a growth plan achieved through "tax cuts and reform" and building infrastructure. In the immediate term, the new prime minister reiterated her commitment to dealing with energ...

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