Kwasi Kwarteng appointed as Chancellor of the Exchequer in Great Britain

Liz Truss has picked radical free-marketeer Kwasi Kwarteng as Chancellor of the Exchequer.

The former government business spokesman hopes to boost growth by slashing business regulation and taxes while attempting to tackle the cost-of-living crisis facing the country.

Kwarteng’s appointment means all four of the most recent Conservative chancellors have been from ethnic minority backgrounds.

An MP since 2010, Kwarteng is the first Black chancellor, becoming the highest serving Black politician in British history.

Former Labour MP, Paul Boateng, who 20 years ago became the first Black Cabinet minister in Britain, said Kwarteng’s appointment “marks another important and welcome landmark in governance and diversity.”

Boateng, who is from the Akan tribe just as Kwateng, noted that “no one party has a monopoly of good practice when it comes to issues of race and gender.”

Kwesi Kwarteng’s parents,who were a barrister and an international economist, arrived in the United Kingdom as students in the 1960s from Ghana.

He was born in northeast London and attended expensive private prep school that produced numerous Cabinet-level politicians.

He then attended the famous Eton college — a production line for British leaders including Boris Johnson and David Cameron.

He went on to Cambridge and then Harvard, winning numerous awards — as well as the TV game show “University Challenge”.

His views on economics, closely aligned with those of Truss, are what ultimately won him his place as her right-hand man.