Liz Truss’s catastrophic start has cost her ally his job. It may yet cost her hers
on September 23rd. His tenure of just 39 days in a job that dates back to the Middle Ages is not the shortest. But it’s not far off.
Mr Kwarteng’s chancellorship is the second shortest of modern times. Only Ian Macleod, who died on his 31st day in office, in 1970, spent less time in 11 Downing Street. Mr Kwarteng’s immediate predecessor, Nadim Zahawi, was chancellor for just 64 days. His tenure, it turns out, was not even the shortest of the year.
Until three years ago, most modern chancellors could expect to spend several years in the job. Stability in that office—and a close relationship with the prime minister—was a mark of steadiness in government. Gordon Brown, the longest-serving modern chancellor, spent ten years in the job before succeeding Tony Blair as prime minister. George Osborne was David Cameron’s only chancellor.
Lately, however, the turmoil in Britain’s Conservative Party has meant a more rapid turnover. Mr Kwarteng’s successor will be the sixth chancellor in just over three years. Philip Hammond gave way to Sajid Javid when Boris Johnson replaced Theresa May as prime minister in July 2019. Mr Javid fell out with Mr Johnson after less than seven months. Rishi Sunak quit this year to force Mr Johnson from office. Mr Zahawi kept the seat warm while the Tories chose a new leader.
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