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Akwasi Addo Alfred Kwarteng is a British politician who briefly served as the Chancellor of the Exchequer from September to October 2022 under Liz Truss. Prior to this, he was the Secretary of State for Business, Energy and Industrial Strategy under Boris Johnson from 2021 to 2022. As a member of the Conservative Party, he was the Member of Parliament (MP) for Spelthorne in Surrey. His career has been marked by a rapid rise to prominent positions within the British government.

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Career Timeline

2010D$0.1M

Elected MP for Spelthorne

Kwarteng enters Parliament, beginning his political career.

2018C$0.5M+$0.4M

Parliamentary Under-Secretary of State

Appointed to junior ministerial role, gaining experience.

2021B$1.5M+$1M

Business, Energy Secretary Appointment

Promoted to cabinet-level position, increasing influence.

2022A$2.5M+$1M

Chancellor of the Exchequer

Appointed Chancellor, reaching the peak of his career, but short-lived.

2022C▼▼$2.7M+$0.20000000000000018M

Sacked as Chancellor

His economic policies caused turmoil, leading to his dismissal.

2026C$3M+$0.2999999999999998M

Political commentator and MP

Remains an MP and occasional political commentator.

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Last updated: February 24, 2026