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AfricaNews360 > Business > Kwasi and Abena on opposite sides of the UK’s economy
Business

Kwasi and Abena on opposite sides of the UK’s economy

Posted omni21 September 12, 2022 5 Min Read
Updated 2022/09/12 at 11:47 AM
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Born in London to Ghanaian parents, Kwasi Kwarteng and Abena Oppong Asare are on the opposite sides of the United Kingdom Exchequer.

When Newly 56th Prime Minister Liz Truss took office after meeting with the late Queen Elizabeth II at the Balmoral, she proceeded into number 10 Downing Street to begin the appointment of her cabinet members.

Kwasi Kwarteng

Business secretary under former Prime Minister Boris Johnson Kwasi Kwarteng was appointed the new chancellor and finance minister.

The Chancellor of the Exchequer is the government’s chief financial minister and as such is responsible for raising revenue through taxation or borrowing and for controlling public spending. He has overall responsibility for the work of the Treasury.

Kwasi Kwarteng born in the London Borough of Waltham Forest in 1975 is the only child of Alfred Kwarteng and Charlotte Boaitey-Kwarteng, who had emigrated from Ghana as students in the 1960s. His mother is a barrister and his father is an economist in the Commonwealth Secretariat.

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He was previously Minister of State at the Department of Business, Energy and Industrial Strategy and also worked as Parliamentary under Secretary of State in the Department for Exiting the European Union from 16 November 2018 to 24 July 2019.

Kwasi read classics and history at Trinity College, Cambridge, and then attended Harvard University on a Kennedy Scholarship. He earned a PhD in economic history from the University of Cambridge in 2000.

Kwasi and Abena on opposite sides of the UK’s economy
Kwasi Kwarteng

Before becoming a Member of Parliament, Kwasi worked as an analyst in financial services.

Kwasi was elected the Conservative MP for Spelthorne in 2010. From 2010 until 2013 he was a member of the Transport Select Committee, and in 2013 he joined the Work and Pensions Select Committee where he was a member until 2015.  

What do we know about the “Black Boris,” as he was enthusiastically dubbed by his own campaign team in his Spelthorne constituency? And is he up to the job of tackling the worst economic crisis since the late 1970s?

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The role could hardly be more demanding, given the fact that the current cost-of-living crisis is nothing compared with what is likely to come this winter, and that the war in Ukraine is settling into a prolonged stalemate.

On the opposite of Kwasi Kwarteng expected to provide oversight over the exchequer is another British-born to Ghanaian parentage, Abena Oppong Asare who is the Labour Member of Parliament for Erith and Thamesmead serves as the shadow Exchequer secretary to the treasury.

Abena Oppong Asare

Born in 1983, Oppong-Asare was educated at Kent University and worked as a parliamentary researcher before becoming an MP.’ When the opportunity came, a lot of people encouraged me to go for it, but there were those who said I couldn’t do it and if she had listened to such voices I wouldn’t be here today and this is why she has been urging her colleague female MPs “not listen to the small voices because the higher you rise the tougher it gets.” She told JoyNews.

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Abena Oppong Asare

As the first Black woman to hold the chair of labour Women’s network, she is been involved in the training and mentoring of young females aspiring to go into public service.

“Within the short period that I have been in parliament, I have been promoted several times and currently occupy the role as Shadow Exchequer Secretary to the Treasury and also sit at the front bench and this has not come easy but also bears testimony to the fact that when given the opportunity women can do it despite the obstacles and we must work towards changing the narrative on sexism and other barriers that work against women in politics” she added.

The constituency of Erith and Thamesmead found in South East London which voted for leave during the Brexit referendum, is ethnically diverse, with a third of the local electorates being black or mixed race.

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TAGGED: Abena Oppong Asare, Kwasi Kwarteng, UK economy
SOURCES: bbc.com
omni21 September 12, 2022
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