Age: 47
Place of birth: East London
Education: Trinity College, Cambridge University, Harvard University
Family: Married to solicitor Harriet Edwards with one daughter
Parliamentary constituency: Spelthorne (Surrey)
Kwasi Kwarteng, a long-time ally and political soulmate of new prime minister Liz Truss, has been named as the UK's next chancellor. He takes over at a critical time for the UK economy, with millions looking to him for help with soaring winter energy bills.
The decisions he makes in the coming days and weeks will have a huge impact on the country's future prospects, as well as on the Conservative Party's prospects of retaining power.
An Old Etonian, who became the first black Conservative cabinet minister in 2021, he has a double first from Cambridge University and a PhD in economic history. He is also a past winner of notoriously tough BBC quiz show University Challenge.
His economist father and barrister mother gave him a traditional Ashanti first name, meaning "born on Sunday", when he was actually born on a Monday. The Church was a strong part of his mother's life and she was a lifelong Conservative voter.
He was just three years old when Margaret Thatcher came to power, and she would remain prime minister until his GCSE year. He has said in the past that his mother deeply admired Thatcher as someone "who wanted to rely on their own efforts" and has described himself as a "pragmatic Thatcherite".
He attended the exclusive private school Eton College after winning a scholarship there, and went on to graduate with a double first from Cambridge University in classics and history.
He attended Harvard University in the United States on a Kennedy Scholarship, before returning to Cambridge University to complete a PhD in economic history in 2000.
He worked as a columnist for the Daily Telegraph and a financial analyst at banks including JP Morgan in the City of London and got involved in Conservative politics as chairman of the Bow Group think tank.
Although Mr Kwarteng was tipped to become the Conservatives' first black cabinet member as early as 2006, he spent eight years as a constituency MP before he became a minister.
He held weekly surgeries in his constituency and used his spare time to write several books and pamphlets on topics from Margaret Thatcher's final six months in office to the British Empire and its legacy.
He has argued that "the debate around Black Lives Matter and imperialism or colonialism has a cartoon-like view of history", and has said he thinks that view is true on both sides of the issue.
Mr Kwarteng also co-authored the book Britannia Unchained with several Tory MPs, including Liz Truss. In the 2012 text, they claimed: "Once they enter the workplace, the British are among the worst idlers in the world."
He backed Leave in the 2016 Brexit referendum, and in 2017 became a ministerial aide to the then Chancellor Philip Hammond, before becoming a junior minister in the Department for Exiting the European Union.
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