London: Replacing sacked Treasury Chief Kwasi Kwarteng, UK Prime Minister Liz Truss has appointed former Cabinet minister Jeremy Hunt on Friday.
Hunt is a government veteran who has served as former foreign secretary and health secretary and ran unsuccessfully to lead the Conservative Party in 2019.
Truss also replaced the second highest-ranking Treasury minister in a bid to restore order after weeks of turmoil over the government’s economic plans.
Meanwhile, Kwarteng took to Twitter to confirm that he had been asked to “step aside” as Chancellor.
“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,” his resignation letter reads.