Kwasi kwarteng

Liz Truss’s shake-up of Whitehall continues. Her Chancellor Kwasi Kwarteng has sacked Tom Scholar as permanent secretary to the Treasury – with the Cabinet Secretary to begin the recruitment process to find his successor. Announcing the news in a government press release, Scholar made clear the decision was made by Kwarteng: ‘The Chancellor decided it was time for new leadership at the Treasury, and so I will be leaving with immediate effect’. What message does it send to the markets? There’s a risk that it suggests turbulence The new Chancellor did at least offer some parting words of praise – describing Scholar as ‘a dedicated and exceptional civil servant’ who had provided

When you’re preparing for power, there’s not a moment to spare. Fresh from knifing each other in the pages of the Mail on Sunday, team Truss have now turned their attention to government, insisting there’s no time to now do Nick Robinson’s long-awaited interview with the Foreign Secretary. And few know that better than Kwasi Kwarteng, a long-time Truss ally, who is widely tipped to become her next door neighbour and Chancellor in the new government. Given the focus on avoiding the looming energy crisis, Steerpike was intrigued to see that someone within parliament has helpfully tried to clean up Kwarteng’s Wikipedia entry, ahead of his rumoured move into No.

The Tory leadership teams rolled into Belfast this afternoon, clad in metaphorical red, white and blue and eager to display their unionist credentials. But while all eyes were on Ulster, elsewhere the real scrap was happening at the Conservative Environment Network where proxies were battling it out for the two final contenders. In team Truss’s corner was Lord Goldsmith, the former MP now ensconced in ermine, while George Eustice, the soon-to-be-departed Environment Secretary, did the honours for Rishi Sunak. The two men have both been jousting for their patrons but there was little sign of courtly behaviour on show. Eustice, who serves as Goldsmith’s boss in the department, accused Truss

Has Rishi Sunak had to perform an embarrassing climbdown over an energy bailout? That’s the suggestion in the papers this morning as the Treasury considers formal proposals from the Business Secretary Kwasi Kwarteng to assist businesses struggling with the hike in fuel prices. It comes after a brutal briefing over the weekend in which a Treasury source suggested that Kwarteng was speaking out of turn when he suggested he was in conversation with the Chancellor over a financial package – adding that ‘this is not the first time the [business] secretary has made things up in interviews.’ Since then, Downing Street appear to have rowed in behind Kwarteng, with a

As Boris Johnson’s holiday in Marbella gets underway, back home his ministers are making headlines for infighting following a hostile briefing from the Treasury. The stark rise in energy prices has led industry leaders to warn that some UK factories are at risk of closure within days unless the government steps in to help with spiralling fuel costs. But there appears to be little unity among ministers as to the right response.  In a Sunday media round, Business Secretary Kwasi Kwarteng spoke of the steps he was taking to try to ease the pressure on businesses. Kwarteng told Sky News:  The personal rebuke points to simmering tensions between the two sides ‘What

Much ink was spilled during the Cameron years about CCHQ’s A-list efforts to get more top talent from a range of diverse backgrounds into the Tory parliamentary party. But now it belatedly transpires one man foresaw the future and was nursing his own crop of rising stars before it was fashionable – onetime MP turned novelist Jeffrey Archer. The octogenarian author popped up on Times Radio on Sunday to offer his thoughts on the issues of the day. Mr S was interested to hear Archer telling host Gloria De Piero that no less than six of the members of the organising committee of his 2000 London mayoral bid – which ended somewhat ignominiously after he was

There’s been a mini reshuffle this evening. Alok Sharma has become the full-time head of COP26, the UN climate change summit the UK is hosting in Glasgow this November, and Kwasi Kwarteng has replaced him as Business Secretary. Sharma will continue to be a full member of the Cabinet. Anne-Marie Trevelyan, who was Secretary of State for International Development until the department was merged with the Foreign Office, takes on Kwarteng’s old job as Minister of State for energy. The decision to make Sharma the full-time president of COP26 is a recognition that it simply isn’t possible to do the job while trying to hold down another position. A huge