Former Chancellor and co-creator of the disastrous mini-Budget Kwasi Kwarteng has announced his intention to quit as an MP.
The MP for Spelthorne in Surrey confirmed he would not be seeking election in a tweet on X, formerly known as Twitter.
Following the mini-Budget Blue Wall homeowners were hit with £3,000 ‘Truss tax’, according to Lib Dem research.
Data from the House of Commons Library showed that homeowners who were on a 2-year mortgage deal and remortgaged after the mini-Budget saw their rates skyrocket from 1.69% to an average of 5.17%.
Prior to his stint as Chancellor Kwarteng, who was first elected in 2010, was Secretary of State at the Department of Business, Energy and Industrial Strategy. Prior to that, he was a minister in the same department.
Before becoming an MP Kwarteng worked as an analyst in financial services.
