London Daily

Focus on the big picture.
Tuesday, Jun 24, 2025

Jeremy Hunt made chancellor after Liz Truss sacks Kwasi Kwarteng

Jeremy Hunt made chancellor after Liz Truss sacks Kwasi Kwarteng

The former minister under Theresa May and David Cameron is back on the frontbenches after three years, with Liz Truss hoping he will unify the party and the country after not backing her in the Tory leadership contest.

Jeremy Hunt has been appointed chancellor after the prime minister sacked Kwasi Kwarteng.

Mr Hunt returns to the frontbenches after three years, having served as foreign secretary under Theresa May and, before that, health secretary and culture secretary under David Cameron.

His appointment, just an hour after his predecessor was sacked, is a sign that Liz Truss is trying to get her opponents on side.

Mr Hunt was one of Rishi Sunak's most prominent supporters during the Tory leadership campaign in the summer after he was knocked out of the running himself.

The MP for South West Surrey since 2005, Mr Hunt has been a backbencher since Boris Johnson took over from Mrs May in 2019.

He has been the chair of the Commons health and social care select committee since 2020.

Mr Kwarteng lost his job on Friday after just 38 days following a disastrous mini-budget announcement, which resulted in economic turmoil and subsequent U-turns.

He firstly U-turned on getting rid of the 45p rate of income tax for higher earners and the government then U-turned on freezing corporation tax at 19% so it will rise to 25% in April.

Ms Truss said Mr Hunt is "one of the most experienced and widely respected government ministers and parliamentarians, and he shares my convictions and ambitions for our country".

She did not mention his former opposition to raising corporation tax.

In July, Mr Hunt told Sky News cutting corporation tax was "not sexy, but necessary" as he backed plans to reverse the planned rises.

"I'm someone who doesn't just think that we stop the corporation tax rises, I think we should cut them so that they're the lowest in Europe and North America," Mr Hunt said.

"No Conservative should promise unfunded tax cuts. Because an unfunded tax cut is just an increase in borrowing that's paid for by future generations."

Newsletter

Related Articles

0:00
0:00
Close
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Airlines Evaluate Flight Cancellations Amid Escalating US-Iran Tensions
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
BBC Demands Perplexity AI Immediately Stop Using Its Content
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
Political Turmoil Resurfaces in Belgium Amid Economic Concerns
Fed policymakers divided on timing of interest rate cuts
Trump signals imminent agreement with Harvard University
Inheritance tax referendum alarms Swiss billionaire community
Japan cancels bilateral security meeting amid US defence demands
AI skeptic Emily Bender warns that ‘the emperor has no clothes’
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
×