Jeremy Hunt has been named Britain’s new Chancellor after Liz Truss fired Kwasi Kwarteng.
The former foreign and health secretary was confirmed as the top Treasury Minister by Downing Street on Friday.
Ed Argar has been promoted to the Chief Secretary to the Treasury after Chris Philp was also sacked.
Mr Hunt was understood to have been abroad in recent days but flew back ahead of the government reshuffle to be appointed.
The new Chancellor lost out to Boris Johnson in the 2019 leadership race in a head-to-head run-off voted on by Tory members.
He also stood for the contest this year but was knocked out in the early stages when he only picked up with 18 votes.Advertisement
He vowed that he would be the only candidate who could win back the voters’ trust as he had “stayed out of the Boris bubble” and not tainted by the Partygate saga.
Mr Hunt was Health Secretary for six years between 2012 and 2018 under both the leadership of David Cameron and Theresa May.
He then became chair of the Health Select Committee before he took up the new role in government.