Liz Truss appoints centrist Hunt as new finance minister - GulfToday

Liz Truss appoints centrist Hunt as new finance minister

  • 14 Oct 2022

Centrist Jeremy Hunt.

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.

Agence-France Presse

Related articles

UK finance minister Kwarteng confirms he has been sacked

His removal comes after media reported he was being sacked before a news conference by Truss when she is expected to scrap parts of their economic package in a bid to survive the market and political turmoil gripping the country.

14 Oct 2022

UK’s Truss to announce plan to tame soaring energy bills

Truss is due to make a statement in the House of Commons and is expected to impose a cap on bills that are skyrocketing because of Russia’s invasion of Ukraine and the economic aftershocks of COVID-19 and Brexit.

08 Sep 2022

Moody’s slashes UK outlook to ‘negative’ over political turmoil

Ratings agency Moody’s on Friday lowered the United Kingdom’s outlook to “negative” from “stable” over ongoing political turmoil, weaker growth prospects and high inflation.

22 Oct 2022

UK accuses Kremlin of trying to install pro-Russian leader in Ukraine

The British ministry said it had information the Russian government was considering former Ukrainian lawmaker Yevhen Murayev as a potential candidate to head a pro-Russian leadership.

23 Jan 2022

Most Popular Stories

Other Articles

VIDEO: Negligent motorists cause horrific accidents in Abu Dhabi, hefty fines issued

The authorities stated that the fine for not being attentive on the road while driving a vehicle in any way is Dhs800 and 4 traffic points.

an hour ago

Abu Dhabi Court adjourns hearing in case of terrorist organisation to May 2

Eighty-four defendants stand accused in this case of establishing and managing a clandestine terrorist organisation in the UAE known as the ‘Justice and Dignity Committee’. The charges against them include planning terrorist acts, fundraising for the Organisation, and concealing the source and destination of those funds.

an hour ago

VIDEO: Fire breaks out in Sharjah’s Industrial Area

The Sharjah Civil Defence vehicle were seen rushing to the site. Gulf Today learned that the fire was in a factory located in one of the Industrial areas of Sharjah.

2 hours ago

Sheikh Hamdan meets Emirati children who participated in Dubai cleanup after floods

Sheikh Hamdan was keen to talk to the children, listening to their stories about what prompted them to participate in this community effort

2 hours ago