Jeremy Hunt

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.

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

LONDON — Former British foreign minister Jeremy Hunt will succeed Kwasi Kwarteng as the new finance minister, a reporter for the Times said on Friday,…

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.

Prime Minister Liz Truss appointed Jeremy Hunt after sacking Kwasi Kwarteng earlier today.

I believe your vision is the right one. In that time, I have seen your dedication and determination. He added: It is important now as we move forward to emphasise your government’s commitment to fiscal discipline. [new Chancellor](https://www.westerntelegraph.co.uk/news/23049064.new-chancellor-uk-kwasi-kwarteng-breaks-silence-sacked-liz-truss/?ref=rss), Downing Street has confirmed. “We have been colleagues and friends for many years. “The economic environment has changed rapidly since we set out the Growth Plan on 23 September.

JEREMY Hunt yesterday staged a stunning Cabinet comeback as battered Liz Truss turned to him to be Britain's new Chancellor.After three years on the.

[Brexiteer](https://www.thesun.co.uk/news/brexit/) said the Tories now deserved to be “killed” hitting out at Liz Truss and new Chancellor Jeremy Hunt — who both wanted to stay in the EU prior to the Brexit vote. [Trussonomics](https://www.thesun.co.uk/news/19904423/mini-budget-was-the-dawn-of-trussonomics/)” is a high-risk strategy for the PM. [Rishi Sunak](https://www.thesun.co.uk/who/rishi-sunak/) in government — in a major sop to the [PM’s Tory rivals](https://www.thesun.co.uk/topic/conservative-leadership-contest/). [safer, legal migration routes](https://www.thesun.co.uk/topic/uk-immigration-crisis/) to combat small boat crossings. [National Insurance rise which has now been formally ditched](https://www.thesun.co.uk/money/news-money/19888519/brits-to-save-330-from-november/). [raise it to 25 per cent next April](https://www.euronews.com/2022/10/13/britain-politics-corporationtax). [Government](https://www.thesun.co.uk/where/downing-street/) establish credibility. [the devout Remainer](https://www.thesun.co.uk/news/19156212/jeremy-hunt-brexiteer-esther-mcvey-deputy/) was a shock hire in the fall out of Kwasi Kwarteng’s sacking. [Brexiteer Tories](https://www.thesun.co.uk/news/brexit/) last night reacted with fury that another Remainer had been brought into the top of government. [the twice-failed candidate to be PM was given the second-most powerful job in Government](https://www.thesun.co.uk/news/politics/20109453/jeremy-hunt-is-made-chancellor/). [Ms Truss](https://www.thesun.co.uk/who/liz-truss/), now forced to gamble on Mr Hunt to stop her fledgling premiership imploding. Mutinous Tory MP Sir Roger Gale was quick to welcome Mr Hunt — a self-made businessman — as an “experienced pair of hands on the financial tiller”.

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.

LONDON (Reuters) -Former foreign minister Jeremy Hunt has been appointed Britain's finance minister, Prime Minister Liz Truss's office said on Friday, ...

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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.”

Liz Truss's new chancellorJeremy Hunt has warned of “difficult” spending cuts ahead after he admitted that “mistakes” were made in last month's mini-Budget.

But he made clear he was now implementing his economic plans, not that of Mr Kwarteng and Ms Truss, which was due to be outlined on Halloween. And he suggested the planned 1p cut to income tax could be dumped. [Terms of use,](https://www.independent.co.uk/service/user-policies-a6184151.html) [Cookie policy](https://www.independent.co.uk/service/cookie-policy-a6184186.html) and [Privacy notice.](https://www.independent.co.uk/service/privacy-policy-a6184181.html) With his appointment, Mr Hunt become the fourth chancellor in four months. [Privacy policy](https://policies.google.com/privacy?hl=en) and [Terms of service](https://policies.google.com/terms?hl=en) apply. By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Registration is a free and easy way to support our truly independent journalism [In a unexpected moment](/tv/news/bbc-jeremy-hunt-miriam-margolyes-b2203359.html), his attempts to set out his economic strategy were momentarily derailed as the actress Miriam Margolyes told the [Today](https://www.independent.co.uk/topic/today) programme that when she saw him enter the studio she told him: “‘You’ve got a hell of a job, best of luck.’ And what I really want to say was, ‘F*** you, bastard.’” He also refused to commit to the prime minister’s pledged 1p cut in income tax and to raise defence spending to 3 per cent as he admitted that “mistakes” were made in last month’s mini-Budget. [chancellor ](/topic/chancellor) [Jeremy Hunt has ](/topic/jeremy-hunt)said taxes will rise and warned of [“difficult”](/news/uk/politics/liz-truss-press-conference-kwarteng-b2202845.html) [spending cuts](/topic/spending-cuts) ahead, in an extraordinary series of interviews just hours after taking up the post.

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)

Kwasi Kwarteng was sacked due to the controversial tax cut plans which led to turmoil in financial markets.

And some taxes will not be cut as quickly as people want, and some taxes will go up. “Spending will not rise by as much as people would like to all government departments are going to have to find more efficiencies than they were planning to. Hunt told Sky News on Saturday in his first full day in the job.

Liz Truss made two big moves on Friday in a bid to calm the markets and save her premiership. The first was to announce that she was ditching plans to ...

Economists, politicians and journalists have been pointing to the fact that Truss would need to find some way to fill the financial blackhole. The new chancellor is ultimately unsackable at least in the medium term given his appointment is meant to prop Truss up. Now the suggestion from Hunt that some taxes will go up and there could be spending cuts in order to balance the books isn't exactly revolutionary. It was viewed as so bad that something needed to change when it came to the government's plans. That is going to mean some very difficult decisions on both spending and tax. The first was to announce that she was ditching plans to cancel the scheduled corporation tax rise.

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

Jeremy Hunt replaces Kwarteng as Britain's finance minister Back to video Article content Jeremy Hunt replaces Kwarteng as Britain's finance minister

Mr Hunt denied that the UK was returning to an austerity era, but he did admit that “difficult” decisions needed to be made on spending.

He told Sky News: “We will have some very difficult decisions ahead. So it’s going to be difficult. But as we take those difficult decisions, my priority, our values as a Government, will be to protect families, businesses, who are going through a very challenging time.” "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. [Kwasi Kwarteng](https://www.stroudnewsandjournal.co.uk/news/23049048.new-chancellor-uk-kwasi-kwarteng-breaks-silence-sacked-liz-truss/) as Chancellor on Friday by Prime Minister [Liz Truss](https://www.thenorthernecho.co.uk/news/national/uk-today/20903652.liz-truss-named-next-prime-minister-uk-beating-rishi-sunak-replace-boris-johnson/) following weeks of fall-out over the mini-budget. [New Chancellor Jeremy Hunt](https://www.bournemouthecho.co.uk/news/national/uk-today/23049073.jeremy-hunt-replace-kwasi-kwarteng-chancellor-say-reports/), has said that mistakes have been made by the government as he indicates that tax rises are on the way.

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."

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

Ironically, though, while Truss has said she would press ahead with a cut to income tax, Hunt said at the time that could wait. The move is also being seen as an attempt by Truss to reach out to angry lawmakers in her ruling Conservative Party. Rash talk of ditching the PM, or calls for a general election, will not calm the financial markets."

The situation for the UK prime minister is dire, but is it hopeless? Having Jeremy Hunt in No. 11 Downing Street could still save her.

10 riposted that her chancellor was doing an “excellent job,” had “her full confidence,” etc. Downing Street spokesmen and cabinet ministers had earlier lined up to declare that any move to abandon her unfunded tax cuts was unthinkable and capitulation unimaginable. The markets responded by selling the pound and dumping gilts.

Liz Truss sacked Kwasi Kwarteng after 38 days in the role as Chancellor.

But asked if he now has a “clean slate” on the mini-budget and if he could change elements of the plan, Mr Hunt said: “Yes. He told Sky News: “We will have some very difficult decisions ahead. Tweeting on Saturday morning, Mr Redwood said: “You cannot tax your way to higher growth. So it’s going to be difficult. But as we take those difficult decisions, my priority, our values as a Government, will be to protect families, businesses, who are going through a very challenging time.” The call was reportedly poorly attended.

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.

New chancellor says taxes must rise after prime minister Liz Truss failed to reassure markets.

Speaking on Radio 4's Today programme, the Harry Potter actress said: “When I saw him there I just said 'you've got a helluva job, the best of…

[new Chancellor conducted his first interview](https://www.bournemouthecho.co.uk/news/national/uk-today/23051141.new-chancellor-jeremy-hunt-hints-tax-rises-coming-amid-very-difficult-decisions/) in his new role on Saturday morning where he suggested that tax rises and 'difficult decisions' could be on the way. “We’ll have to have you out of the studio now.” [Who was Britain's shortest serving Chancellor of the Exchequer?](https://www.thenorthernecho.co.uk/news/national/uk-today/23049197.new-chancellor-uk-shortest-serving-chancellor-exchequer/) [flooded social media in tribute](https://www.glasgowtimes.co.uk/news/national/uk-today/23050692.tributes-paid-star-harry-potter-cracker-robbie-coltrane/) for the late actor who was most famous for his portrayal of the beloved gamekeeper Rubeus Hagrid in the franchise. [What were the roles Robbie Coltrane was known for, as he dies aged 72?](https://www.thetelegraphandargus.co.uk/news/national/uk-today/23050698.robbie-coltrane-roles-made-famous/) [Miriam Margoyles](https://www.thenorthernecho.co.uk/news/23051277.miriam-margolyes-causes-chaos-bbc-radio-4-today-swearing-jeremy-hunt-live-air/) did not hold back in a BBC interview when she met the new [Chancellor Jeremy Hunt](https://www.bournemouthecho.co.uk/news/national/uk-today/23049073.jeremy-hunt-replace-kwasi-kwarteng-chancellor-say-reports/) on the way into the studio.

Actor, 81, told BBC's Today programme she wished him luck in his new job but wanted to say 'Fuck you, bastard'

Webb quickly apologised for the language, adding: “Oh, no, no, no, you mustn’t say that. No, you can’t say that! [added herself](https://www.huffingtonpost.co.uk/entry/victoria-derbyshire-jeremy-hunt-wrong-name_uk_5cfe2cb3e4b02ee34779ee5f) to a long list of presenters who have inadvertently referred to him as “Jeremy Cunt”. [Jeremy Hunt](https://www.theguardian.com/politics/jeremy-hunt) “Fuck you, bastard” after his appearance on BBC Radio 4 just one day after he was [announced as the replacement](https://www.theguardian.com/politics/2022/oct/14/liz-truss-appoints-jeremy-hunt-as-chancellor-after-sacking-kwarteng) for Kwasi Kwarteng. The moment was shared widely on Twitter, including by Dino Sofos, the creator of the BBC’s Brexitcast, who described Margolyes’ comments as “possibly the greatest moment in the Today programme’s history”. [Miriam Margolyes](https://www.theguardian.com/culture/miriam-margolyes) shocked listeners by saying “Fuck you, bastard” about the new chancellor, Jeremy Hunt, live on air on Saturday.

Britain's new Treasury chief on Saturday acknowledged mistakes made by his predecessor and suggested that he may reverse much of Conservative Prime Minister ...

If you live in an apartment, then you've more than likely felt the effects of the dramatically increased rental rates in Canada. "And it was wrong to fly blind and to announce those plans without reassuring people with the discipline of the Office for Budget Responsibility that we actually can afford to pay for them," he added. The high prices, the cancelled flights, the booked-up lodging and rental cars. And some taxes will not be cut as quickly as people want," he said. Hunt said Truss recognizes her mistakes and he is going to put them right. We want to hear from you](https://www.ctvnews.ca/business/how-are-you-cutting-costs-amid-inflation-we-want-to-hear-from-you-1.6096911) He said taxes could rise and public spending budgets would likely be squeezed further in the coming months. [How not to run out of money in retirement](https://www.ctvnews.ca/lifestyle/how-not-to-run-out-of-money-in-retirement-1.6103104) Truss, a free-market libertarian, had previously insisted that her tax-cutting plans were what Britain needs to boost economic growth. [MORE Business News](https://www.ctvnews.ca/business) Her position remains fragile. [Recession expected in Canada in early 2023: RBC economists](https://www.ctvnews.ca/business/recession-expected-in-canada-in-early-2023-rbc-economists-1.6108255)

The situation for the UK prime minister is dire, but is it hopeless? Having Jeremy Hunt in No. 11 Downing Street could still save her.

Although he is a free-marketeer by conviction, a big plus point for Hunt is that he gets the importance of empathy. Contrast that with Truss’s failure to acknowledge the cost to homeowners of the soaring mortgage bills that followed the mini-budget. Previously, he was editor of the Sunday Times of London and its chief political commentator. The government has a maximum of two years before its allotted time is up, but the prime minister may struggle to survive her MPs’ displeasure until next month. The prime minister is now surrendering the major planks of her libertarian program. Although another leadership putsch would install the fifth Tory prime minister in six years, fear of electoral oblivion is driving the parliamentary party to contemplate desperate measures. Has the prime minister too become a figurehead? The markets had already baked in surrender. Unlike Wilson and Major, who had earlier triumphed at the polls, this prime minister has no electoral mandate for her libertarian prospectus. Harold Wilson, the UK’s most economically literate prime minister since World War II, for instance, wasted enormous political capital defending the value of the pound. On Friday, the prime minister duly performed her screeching U-turn but refused to resign. The situation is dire, but is it hopeless?

While his appointment was welcomed by some Tory MPs as “an experienced pair of hands”, some questioned why Mr Kwarteng was the one who had to go when he was ...

He was elected to head a committee of MPs which scrutinises the performance of the NHS and government health policy in January 2020. But this is a moment to be there for the country, and in my experience, it's always been country first, and he will see that as his job right now. “You should see Liz Truss as the chairman and Jeremy Hunt as the chief executive. And [what] I know about Jeremy [is] that he won't be licking his lips at the prospect of becoming chancellor at this time. He held office during a slow period of investment in the NHS which created problems at a time when demands on the health service were growing. Mr Hunt was brought up in the Surrey town of Godalming and attended Charterhouse School where he became head boy and excelled in cross-country running. However, in that same year, Me Hunt faced calls to resign over his role in the BSkyB takeover bid. In June this year, he revealed he had cancer but had since recovered. Prior to his career in parliament, the 55-year-old worked as an English teacher in Japan and was an entrepreneur - co-founding the Hotcourses education publisher. The pair later married in 2009 and have three children together. On his first attempt in 2019, he came closest, finishing second in the leadership race with Boris Johnson going on to win. In the leadership race this year, he put his weight behind former chancellor Rishi Sunak over Liz Truss.

The actress told the BBC's Today programme she greeted the new chancellor, but wanted to say something else.

"Oh, no, no, no, you mustn't say that. No, you can't say that!" "Miriam Margolyes" was trending on Twitter after the show, with people sharing clips of the radio interview.