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

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Jeremy Hunt has been appointed as the new Chancellor, Downing Street has confirmed.

In a statement posted to social media he said: “You have asked me to stand aside as your Chancellor. I have accepted.

“As I have said many times in the past weeks, following the status quo was simply not an option. For too long this country has been dogged by low growth rates and high taxation – that must still change if this country is to succeed.

 

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