Following the sacking of Kwarsi Kwarteng this morning, Liz Truss has now appointed Jeremy Hunt because the UK’s new Chancellor of the Exchequer.
In a comparatively abrupt televised press convention this afternoon, the prime minister has additionally confirmed that the federal government is just not now going forward with its proposed minimize in company tax.
Mr Hunt turns into the UK’s fourth Chancellor in a 12 months, following on from Kwarsi Kwarteng, Nadhim Zahawi, and Rishi Sunak.
Mr Hunt beforehand served within the Cupboard because the Tradition Secretary, and Well being Secretary underneath David Cameron, earlier than later turning into Overseas Secretary underneath Theresa Might.
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Mr Hunt is subsequently a well-known determine with the general public, with 84% of individuals saying they’ve heard of him in YouGov polls.
Mr Hunt is although not essentially effectively regarded by the general public, with the identical YouGov indicators suggesting that solely 16% report to love him, 44% reporting to dislike him, with 24% having a impartial view.
Earlier than coming into politics, Mr Hunt had a background as a profitable publishing enterpreneur. In that sense he must be acquainted with the federal government’s professional progress agenda. After a stint in Japan educating English, Mr Hunt co-founded ‘Hotcourses’, an internet site designed to assist college students and oldsters select the suitable school course. In 2017, Hunt reportedly earned some £15 million from the sale of Hotcourses.
Because the UK’s longest ever serving well being secretary, Mr Hunt’s expertise in authorities is being seen as one thing which will assist to calm monetary markets.
Mr Hunt has twice stood for the Conservative management. He was overwhelmed into second place by Boris Johnson in 2019, however did not advance past the preliminary ballots of MPs within the 2022 contest.
Mr Hunt is broadly seen as being on the ‘One Nation’ wing of the Conservative social gathering. His appointment is subsequently additionally being considered as an try by Liz Truss to certain up her place and construct bridges with all wings of the parliamentary Conservative social gathering.
Representing the constituency of Surrey South West, Mr Hunt would comfortably lose his seat to the Liberal Democrats in any election held at present. This as soon as secure a part of Surrey has change into more and more marginal in recent times, not least as ‘Stay’ supporting voters from the capital have moved into the realm. His seat has seen one of many biggest migration of London primarily based voters in recent times.
