Former UK chancellor who crashed the pound to advise Fortescue from October

New Fortescue hire Kwasi Kwarteng barred from advising on UK affairs

Mr Kwarteng was sacked by former prime minister Liz Truss last year after his mini-budget caused major financial turmoil in the UK.

Former UK chancellor who crashed the pound to advise Fortescue from October

Kwasi Kwarteng will not be allowed to lobby British government in paid role as a senior adviser at Australian iron ore minerFormer British chancellor Kwasi Kwarteng is due to start advising Fortescue on its clean energy ambitions from October – one year after his disastrous mini-budget crashed the pound.Kwarteng, who was sacked last year by then prime minister Liz Truss after only 38 days as chancellor, will provide advice in a part-time capacit…

ACoBA Warns Kwarteng of Lobbying Rules Over Energy Firm Appointment

ACoBA (Advisory Committee on Business Appointments) Chair Lord Pickles has written to Kwasi Kwarteng over his potential new role at green energy company FFI, warning the former Chancellor that his appointment as a paid ‘senior adviser’ poses “real and perceived risks” that it might “provide an unfair advantage” to the firm.[…] Read the rest

Kwarteng offered advisory role at Aussie giant Fortescue Metals

Kwasi Kwarteng has reportedly been offered an advisory role at Aussie commodities giant Fortescue Metals Group. Andrew Forrest, Fortescue’s founder and executive chairman, has approached the former chancellor – who could begin work with the company as soon as this year, according to the AFR. Kwarteng would not be Forrest’s first appointment of a politician, with Lord Sebastian Coe currently sitting on Fortescue’s board, while former Australian…