Kwasi Kwarteng named new finance minister

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Truss on Tuesday named Conservative Brexiteer Kemi Badenoch as the new British trade chief…reports Asian Lite News

Prime Minister Liz Truss has appointed business and energy secretary Kwasi Kwarteng as the new finance minister, her office said in a statement on Tuesday.

Kwarteng, an ideological ally of Truss, has said that her government can afford to borrow more to fund support to households and businesses on their energy bills, but it will remain responsible with the public finances.

He had been business and energy minister since January 2021, previously holding a junior role in the department, and he also worked in the Brexit ministry.

Like Truss, Kwarteng has expressed his admiration for former Prime Minister Margaret Thatcher, but has shown some pragmatism in applying those principles in his previous roles in government.

Kemi Badenoch named new trade chief

Truss on Tuesday named Conservative Brexiteer Kemi Badenoch as the new British trade chief.

Badenoch, who ran in the leadership contest against Truss, was a minister at the U.K.’s leveling-up department until she joined dozens of colleagues in resigning from Boris Johnson’s government in July over his handling of a number of scandals.

She was previously an equalities minister and has also served as a junior minister in the Treasury.

Badenoch is seen as being on the right of the party, and stood on an “anti-woke” ticket during the contest, while also arguing for the state to be slimmed down.

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