Sunak to replace Javid as Chancellor

Ahead of 11 March budget

Rishi Sunak will become Chancellor of the Exchequer, Downing Street has confirmed, following Sajid Javid's shock resignation just under a month before he was expected to deliver the first Budget of this parliament.

The BBC's political editor Laura Kuenssberg reported on Thursday afternoon (13 February) amid a high-drama cabinet reshuffle that Javid is understood to have been asked to remove all of his special advisers, but he refused. Chief Secretary to the Treasury Rishi Sunak, 39, was confirmed as Javid's replacement shortly after the announcement. Sunak previously worked as an analyst for Goldman Sachs and has been partner at hedge fund management firms The Children's Investment Fund and Theleme Partners. Sunak had held his role of Chief Secretary to the Treasury since July 2019, having serve...