Jeremy Hunt appointed new Chancellor of the Exchequer

Replaces Kwasi Kwarteng

Jeremy Hunt has been appointed as the new Chancellor of the Exchequer following the sacking of Kwasi Kwarteng today (14 October).

The appointment came as Prime Minister Liz Truss prepares to hold a press conference this afternoon, where she is expected to announced major U-turns on her 'Mini Budget', including pushing ahead with the previously cancelled corporation tax hike.   Truss had pledged to scrap the tax hike Rishi Sunak announced when he was chancellor, increasing it from 19% to 25%.  Hunt's appointment makes him the fourth chancellor in four months for the government. The new chancellor is MP for South West Surrey has previously served as chair of the Health and Social Care Select Committee since 202...