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

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Former UK chancellor who crashed the pound to advise Fortescue from October
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Kwasi Kwarteng will not be allowed to lobby British government in paid role as a senior adviser at Australian iron ore miner

Kwarteng removal as chancellor of the exchequer and departure from the official residence at 11 Downing Street opened the way for outside roles after a 12-month waiting period.

The world’s fourth-largest iron ore miner built its business on selling the steel-making commodity to China. Fortescue revealed plans for a hydrogen and clean energy business in 2020 that is still taking shape. “You confirmed there will be no contact with government in this role, in line with the expectations set out in the rules and you are subject to the lobbying ban,” the committee’s advice states.

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