HomeNewsWorldJeremy Hunt appointed new finance minister of UK after Kwasi Kwarteng's ouster

Jeremy Hunt appointed new finance minister of UK after Kwasi Kwarteng's ouster

Downing Street announced Hunt's appointment as chancellor of the exchequer shortly before Truss was due to hold a news conference

October 14, 2022 / 19:24 IST
(FILES) UK's Truss appoints centrist Jeremy Hunt as new finance minister: statement (Photo by Adrian DENNIS / AFP)

(FILES) UK's Truss appoints centrist Jeremy Hunt as new finance minister: statement (Photo by Adrian DENNIS / AFP)

British Prime Minister Liz Truss on Friday appointed centrist Jeremy Hunt, a former candidate for the Conservative leadership, as her new finance minister in place of sacked Kwasi Kwarteng.

Downing Street announced Hunt's appointment as chancellor of the exchequer shortly before Truss was due to hold a news conference, where she was expected to stage a major U-turn on her right-wing economic platform following turmoil on financial markets.

AFP
first published: Oct 14, 2022 07:19 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347