Jeremy Hunt

Mr Hunt returns to the frontbenches after a few years off, after serving as foreign secretary under Theresa May and health secretary and culture secretary ...

"No Conservative should promise unfunded tax cuts. In July, Mr Hunt told Sky News cutting corporation tax was "not sexy, but necessary" as he backed plans to reverse the planned rises. [Ministers say PM 'cannot survive' - so how could Liz Truss be removed?](https://news.sky.com/story/the-options-to-remove-liz-truss-as-some-tory-ministers-say-pm-cannot-survive-12720307) [Corporation tax raised in second major U-turn of mini-budget](https://news.sky.com/story/second-major-mini-budget-u-turn-as-government-set-to-raise-corporation-tax-12719430) 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. 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 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.

Former Health Secretary will take over from Kwasi Kwarteng following his dramatic sacking.

I believe your vision is the right one. "It is important now as we move forward to emphasise your government's commitment to fiscal discipline. In that time, I have seen your dedication and determination. The news means that Mr Kwarteng is the second the second shortest-serving UK chancellor on record. Multiple reports have now confirmed speculation that Mr Hunt is the new Chancellor. "The economic environment has changed rapidly since we set out the Growth Plan on 23 September.

Former foreign secretary Jeremy Hunt has been named as Mr Kwarteng's replacement, Downing Street said.

She tweeted: “They agitated to remove Boris Johnson and now they will continue plotting until they get their way. I have accepted.” The chancellor cut short his attendance at the International Monetary Fund’s annual meeting in Washington to be told of his fate in a brief meeting with the British prime minister.

Former foreign minister Jeremy Hunt has been appointed Britain's finance minister, Prime Minister Liz Truss's office said on Friday, following Kwasi.

[UK PM Truss fires finance minister Kwarteng: Report](https://english.alarabiya.net/News/world/2022/10/14/UK-finance-minister-Kwarteng-to-be-sacked-Reports) [UK PM Truss determined to deliver growth plans: Minister](https://english.alarabiya.net/News/world/2022/10/14/UK-PM-Truss-determined-to-deliver-growth-plans-Minister) [UK’s Kwarteng sticks to tax plan saying he’s ‘not going anywhere’](https://english.alarabiya.net/business/economy/2022/10/13/UK-s-Kwarteng-sticks-to-tax-plan-saying-he-s-not-going-anywhere-) Truss, in power for only 37 days, then told a news conference she would now allow a key business levy to rise from next year, raising £18 billion ($20 billion), as she accepted she had gone “further and faster” than markets had been expecting. [For the latest headlines, follow our Google News channel online or via the app.](https://news.google.com/publications/CAAqBwgKMOnQlwswi_quAw?oc=3&ceid=US:en&hl=en-US&gl=US)

Liz Truss has sacked Kwasi Kwarteng from his cabinet role of chancellor and named Jeremy Hunt as his replacement after the government was forced to rip up ...

"It was a crisis made in Downing Street. "It is important now as we move forward to emphasise your government's commitment to fiscal discipline. "As I have said many times in the past weeks, following the status quo was simply not an option. Government bonds appeared to have recovered slightly in the imminent wake of Kwarteng's sacking. But the plans triggered chaos in the UK markets with major fluctuations in the value of the pound, and a significant drop in the value of UK government bonds, which forced the Bank of England to make several major interventions to shore up pension funds exposed to the bonds. "We share the same vision for our country and the same firm conviction to go for growth," she wrote. "I know that you will continue to support the mission that we share to deliver a low tax, high wage, high growth economy that can transform the prosperity of our country for generations to come." The Medium-Term Fiscal Plan is crucial to this end, and I look forward to supporting you and my successor to achieve that from the backbenches." "In response, together with the Bank of England and excellent officials at the Treasury we have responded to those events, and I commend my officials for their dedication," he said. I have accepted. Truss will give a press conference this afternoon in which she is widely expected to announce a further concession on the "mini-budget" by rowing back on a pledge to scrap a planned rise in corporation tax. Liz Truss has sacked Kwasi Kwarteng from his cabinet role of chancellor and named Jeremy Hunt as his replacement after the government was forced to rip up key sections of the recent "mini-budget" in the wake of two weeks of economic chaos.

Liz Truss, UK prime minister, is set to dismiss chancellor Kwasi Kwarteng as she prepares to carry out a dramatic U-turn on his “mini” Budget, according to ...

British prime minister Liz Truss has appointed former foreign secretary Jeremy Hunt as the new chancellor of the Exchequer after she dramatically sacked ...

Earlier, Mr Kwarteng was summoned back early from the annual meeting of the International Monetary Fund (IMF) in Washington to be told of his fate in a brief meeting with Ms Truss in No 10. The choice of Mr Hunt, a prominent backer of her rival Rishi Sunak in the Tory leadership contest, will be seen as an attempt to restore stability after weeks of turmoil in the wake of Mr Kwarteng’s mini-budget. British prime minister Liz Truss has appointed former foreign secretary Jeremy Hunt as the new chancellor of the Exchequer after she dramatically

Former foreign minister Jeremy Hunt has been appointed Britain's finance minister, Prime Minister Liz Truss's office said on Friday, following Kwasi ...

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The ex-health secretary - who backed Rishi Sunak in the leadership race - takes over at a crucial time.

He said at the time that "every member of his family" has had the disease and that he had "a minor one" himself. Earlier in 2012, he faced calls to resign over his role in the BSkyB takeover bid. When the business was sold in 2017, Hunt netted a reported £14m, making him one of the UK's richest politicians. This was after his predecessor Mr Johnson quit over Theresa May's Brexit strategy. In the leadership race this year, he put his weight behind former chancellor Rishi Sunak over Liz Truss. But prior to his career in parliament, Mr Hunt had a career as an English teacher in Japan and as an entrepreneur - co-founding the Hotcourses education publisher.

The MP for South West Surrey was elected to his safe Conservative seat in 2005 after Virginia Bottomley, the now Baroness Bottomley of Nettlestone, stepped down ...

He used his position to make a number of critical interventions on the Government's handling of the Covid pandemic, and was supportive of the nation going into lockdown to curb the spread of the virus. He then stepped back from the front benches for several years, focusing on his role as chairman of the Health and Social Care Committee, a role he was elected to at the beginning of 2020. The MP for South West Surrey was elected to his safe Conservative seat in 2005 after Virginia Bottomley, the now Baroness Bottomley of Nettlestone, stepped down. The new prime minister then offered Mr Hunt the job of defence secretary after Dominic Raab was chosen as the new foreign secretary, but he declined it. But his time in office was controversial and saw him face criticism from doctors and nurses due to the pressures on the NHS. During his two-year stint in the role, he was praised for the hugely successful London Olympics, but also faced calls to resign over his role in the BSkyB takeover bid.

Jeremy Hunt, the former longest-serving health secretary, has been named as Chancellor, in a move which could have implications for NHS spending.

‘And he will drive our mission to go for growth, including taking forward the supply-side reforms that our country needs. - ‘Move back to the system where everyone has their own GP rather than just being attached to a surgery. He will see through the support we are providing to help families and businesses, including our energy price guarantee that is protecting people from higher energy bills this winter. - ‘Hospitals are full of people who can’t be discharged due to social care issues, mainly staff shortages. And she said: ‘Today, I have asked Jeremy Hunt to become the new Chancellor. [Upon the appointment of Ms Truss as Prime Minister in August,](https://www.pulsetoday.co.uk/news/politics/former-health-ministers-all-ruled-out-of-prime-minister-race/) Mr Hunt took to Twitter to set out his suggestions for a six-point list of emergency NHS actions. [confirmed he would not cut Department of Health and Social Care spending](https://www.pulsetoday.co.uk/news/practice-personal-finance/tax-cutting-budget-reverses-ir35-reforms-affecting-gp-locums/), he had not been able to say how the tax reduction would be funded. [scrapping the Health and Social Care Levy that had been due to come into force in April](https://www.pulsetoday.co.uk/news/practice-personal-finance/new-chancellor-scraps-nhs-levy-and-ni-hike/). [had been intended to raise £36bn to buffer the NHS’s coffers](https://www.pulsetoday.co.uk/news/politics/national-insurance-rise-will-raise-36bn-in-three-years-for-nhs-and-social-care/) even before the impact of raging inflation. [repeated his wish for GPs to have individual patient lists](https://www.pulsetoday.co.uk/news/clinical-areas/elderly-care/jeremy-hunt-suggests-gps-should-have-their-own-lists-of-patients/), arguing that [moving away from continuity of care has been ‘a big mistake’.](http://that moving away from continuity of care is a ‘big mistake’,) [should look at scrapping QOF’, to allow more ‘freedom and flexibility’ over how money is spent in general practice.](https://www.pulsetoday.co.uk/news/politics/qof-should-be-scrapped-but-metrics-retained-says-jeremy-hunt/) [The former Prime Minister hopeful](https://www.pulsetoday.co.uk/news/politics/former-health-ministers-all-ruled-out-of-prime-minister-race/) also told April’s Pulse Live conference that [if he were a doctor, he would like to be a GP.](https://www.pulsetoday.co.uk/views/big-interviews/jeremy-hunt-at-pulse-live-if-i-was-a-doctor-id-want-to-be-a-gp/) [admission that he failed with regards to growing the GP workforce](https://www.pulsetoday.co.uk/news/breaking-news/jeremy-hunt-im-completely-responsible-for-failure-to-boost-gp-workforce/) when he served as health secretary from 2012 to 2018.

The ascension of Mr Hunt, who backed Prime Minister Liz Truss's rival Rishi Sunak in the Tory leadership race, is considered an attempt to restore stability ...

He then read philosophy, politics and economics at Magdalen College in Oxford, where he was awarded a first class honours BA degree. He was criticised for allowing the UK to sell arms to Saudi Arabia during its controversial military campaign in Yemen. He also held the post of foreign secretary under Theresa May between 2018 and 2019.

After being the longest-serving health secretary in British history and stints running the foreign office and culture ministry, Hunt returns from government ...

During a trip to China in July in 2018, he mistakenly described his wife Lucia, who hails from China, as being Japanese. He is best known in Britain, though, for his stint as health minister, a role he held from 2012-2018, longer than any other politician. Ironically, though, while Truss has said she will press ahead with a cut to income tax, Hunt said at the time that could wait. "We need to start up Britain now," he told the Sunday Telegraph when he announced his candidacy. "The appointment of Jeremy Hunt as Chancellor is a wise choice," Conservative lawmaker Bernard Jenkin said on Twitter. Rash talk of ditching the PM, or calls for a general election, will not calm the financial markets."

Experienced cabinet minister not likely to propose more U-turns but Tory MPs divided over whether he will save PM.

LONDON, Oct 14 (Reuters) - Jeremy Hunt was named Britain's new finance minister on Friday, the latest senior ministerial role for the self-proclaimed ...

During a trip to China in July in 2018, he mistakenly described his wife Lucia, who hails from China, as being Japanese. Ironically, though, while Truss has said she will press ahead with a cut to income tax, Hunt said at the time that could wait. "We need to start up Britain now," he told the Sunday Telegraph when he announced his candidacy. Rash talk of ditching the PM, or calls for a general election, will not calm the financial markets." "He is trusted and respected across parliament. "It’s become obvious to me you only get one big shot at this, and I had mine in 2019," he said after he was eliminated from the running, appearing to concede that his ambitions to get to the top of politics had been ended.

Kwarteng's replacement is warned of inflation impact, crumbling services and financial 'black hole' that he has two weeks to fill.

However, many economists believe the OBR is unlikely to endorse that view. [NHS](https://www.theguardian.com/society/nhs), schools and all our public services have been slashed to the bone over the last 12 years. Truss has refused to spell out whether benefits will rise in line with inflation next April, as previously promised by Sunak. Details of so-called “supply-side reforms”, expected to include planning changes and deregulation of the childcare sector, are yet to be announced. Truss said: “We will control the size of the state to ensure that taxpayers’ money is always well spent.” “Hospital waiting lists are at record highs, school buildings are crumbling before our eyes and local services are on their knees.”

Mr Hunt told Sky News that Liz Truss "has recognised" the errors in her mini-budget, adding: "That's why I'm here."

And we have to make sure as we take these very difficult decisions, we're honest with people about the situation we face." Asked if this would mean a return to austerity, he replied: "I don't think we're talking about austerity in the way we had it in 2010. Does this mean pushing back the 2023 cut to the basic rate of income tax? "This is a disaster and the only way to deal with a disaster is a general election and to set our country on a certain path for the next five years." "No chancellor can control the markets, but what I can do is show that we can pay for our tax and spending plans and that is going to need some very difficult decisions." [Hunt warns of 'difficult decisions' - follow politics latest](https://news.sky.com/story/politics-latest-new-chancellor-jeremy-hunt-to-appear-on-sky-news-as-tory-mps-turn-on-beleaguered-liz-truss-politics-latest-12593360)

UK's new Chancellor of the Exchequer Jeremy Hunt said today that the Liz Truss administration had made "mistakes" as he promised "difficult decisions ...

And we have to make sure as we take these very difficult decisions, we're honest with people about the situation we face." That is absolutely right and I also would like to be able to cut corporation tax." He told Sky News: "We will have some very difficult decisions ahead.

“We congratulate both the RT Hon Jeremy Hunt and the Rt Hon Ed Argar on their new appointments to Chancellor and Treasury Chief Secretary respectively. “The new ...

The time to act is now.” He also understands well the gravity of the situation in the NHS as it approaches a perilous winter. Responding to the appointment of the Rt Hon Jeremy Hunt as new Chancellor of the Exchequer alongside former health minister Ed Argar who takes up the role of Treasury chief secretary, NHS Confederation chief executive Matthew Taylor said:

Jeremy Hunt has told the BBC that his predecessor Kwasi Kwarteng made two mistakes in the mini-budget.

"[Truss] has been prime minister for less than five weeks. [described sacking Mr Kwarteng and scrapping another key economic policy as "difficult"](https://www.bbc.co.uk/news/uk-politics-63261432) and admitted in a short press conference on Friday that "parts of our mini-budget went further and faster" than the markets were expecting. "And it was wrong to fly blind and to announce those plans without reassuring people with the discipline of the Office for Budget Responsibility (OBR) that we actually can afford to pay for them." Addressing mistakes he said were made by the ex-chancellor, Mr Hunt said: "There were two mistakes - it was wrong to cut the top rate of tax for the very highest earners at a time where we're going to have to be asking for sacrifices from everyone to get through a very difficult period. He told BBC Breakfast he was "not going to make any commitments" and reiterated he was just hours into the job. Mr Hunt said he agreed with the prime minister's goal of "solving the growth paradox", but added: "The way we went about it clearly wasn't right and that's why I'm sitting here now."

New chancellor vows to be 'completely honest with country' amid rumours PM has only weeks left in role.

But we are talking about very difficult decisions in budgets where there is already a great deal of pressure.” Hunt, twice a Tory leadership contender and a former foreign secretary, said: “We will have some very difficult decisions ahead. Some taxes will go up … It was a mistake, when we’re going to be asking for difficult decisions across the board on tax and spending, to cut the rate of tax paid by the very wealthiest. “It was a mistake to fly blind and to do these forecasts without giving people the confidence of the Office for [replacing Kwasi Kwarteng](https://www.theguardian.com/politics/2022/oct/14/jeremy-hunt-chancellor-surprising-return) on Friday, the former health secretary signalled he would have a “clean slate” when it came to the budget, and vowed to be “completely honest with the country” amid rumours that Truss has only weeks left as prime minister.