Kwasi Kwarteng: Long-term Liz Truss ally to hold nation’s purse strings

Britain’s new Chancellor Kwasi Kwarteng has the job of holding the UK’s purse strings as the country faces a worsening cost-of-living crisis (PA) (Picture: PA Archive)

Britain’s new Chancellor Kwasi Kwarteng has the job of holding the UK’s purse strings as the country faces a worsening cost-of-living crisis.

But his experience in the business and energy hot seat at least ensures he has the credentials for the economic onslaught ahead.