Liz Truss appoints Jeremy Hunt as new Chancellor of the Exchequer after sacking Kwasi Kwarteng

Frantic day at the number 10 Downing Street. After dismissing the head of Economy and responsible for the controversial tax cut plan, Kwasi Kwartengthe British Prime Minister, Liz Truss, has appointed as successor Former Foreign Secretary Jeremy Hunt.

As explained by the office of the presidency, along with Hunt, deputy Edward Argar has also been appointed as new secretary of state for the treasury replacing Chris Philip. This, in turn, replaces Argar as general treasurer.

During this summer’s Conservative Party leadership race, Hunt stood as a candidate and, after being voted out, endorsed the candidacy of Rishi Sunak, main rival of the current premiere.

[Liz Truss destituye a su ministro de Economía para frenar otra rebelión ‘tory’ contra su gobierno]

This was not the first time he had run for the Tory primary. In 2019 he reached the final lap, although ended up losing to Boris Johnson. In this way, what was previously Minister for Health and Minister for Culture, becomes the UK’s fourth finance minister so far this year.

The Prime Minister will shortly offer a press conference in which she is expected to explain the reasons for entrust hunt the task of directing the British economy at a time when it is facing great turbulence, caused in part by the fiscal plan presented on September 23.