Kwasi Kwarteng

Niklas HallenAFPGetty By Richard Vaughan. Hes made a name for himself based on scholarship and right-wing politics.

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The Tory MP is expected to be Britains first Black chancellor of the exchequer.

. Introduced in 2014 the cap prevents bonuses being handed to bankers in excess of twice their salary. Why did Kwasi Kwarteng sack Tom Scholar permanent secretary at the Treasury since 2016 on his first day as Chancellor last week. The Ghana Business News GBN reports that Kwarteng 47 is the first Black man to be appointed as the Chancellor of the Exchequer and will be responsible for handling a Britain economy that is.

Kwasi Kwartengs mini-budget on Friday must represent a radical departure from the high tax big state socialism that the previous Tory government embraced so disastrously. The splash on the front page of the Financial Times today suggests that the new chancellor of the exchequer Kwasi Kwarteng is planning to scrap the cap on bankers bonuses. September 6 2022 618 pm Updated 809 pm.

Pressed on this question those close to Kwarteng tell me that having entered office as part of a new administration the Chancellor wants a new economic approach and fresh leadership at the department. Kwasi Kwarteng is a long-term ally of Liz Truss having entered Parliament at the same time in 2010 Photo. According to the Financial Times no final decision has been taken but.

Instead of tax hikes.

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