Kwasi Kwarteng | The echoes

Caricature par ïoO, pour « Les Echos »

Posted Sep 29, 2022, 4:24 PMUpdated on Sep 29, 2022 at 5:08 PM

From 2024, Bank of England banknotes bearing the effigy of Charles III will circulate. At the rate of the financial panic across the Channel, this could well illustrate only a monkey currency. Poor Charles. In the meantime, for the Chancellor of the Exchequer, there is no question of going back on his draft budget which set fire to the powder by provoking the mistrust of investors, and a fall of almost 10% of the pound. The “Black Boris” of the Conservative Party is not used to doing things by halves. It must be said that with his almost 2 meters (1.96) and his stentorian voice we see Kwasi Kwarteng coming from afar.

Eton, Cambridge, Harvard, his studies were brilliant. A polyglot, he is commonly praised for an extraordinary intelligence, writing Latin verses. He has already committed several books, one, personal, on the ghosts of the Empire, another on the lessons of growth in collaboration with Priti Patel, Dominic Raab, Liz Truss, not really leftists. What firmly anchor this supporter of Brexit in the right wing of the Tories. Born in 1975 in east London, this son of emigrants from Ghana, an economist, a lawyer, began working as a financial analyst before entering politics.

He had a few failures before being elected MP in 2010. His first ministerial post, Energy and Enterprise in July 2019, he owes to Boris Johnson Here he is since September 6, first black finance minister, while “The Economist” notes that his three predecessors were each from an ethnic minority. The last, Nadhim Zahawi, having lasted two months and a day, Kwasi Kwarteng knows the record he has yet to beat. And, frankly, given the bronca he raises, he seems to be off to a good start.

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