Liz Truss appointed new Chancellor of the Exchequer

Saturday, 15 October 2022newsdesk

Under-pressure UK Prime Minister Liz Truss appointed Jeremy Hunt as her new Chancellor of the Exchequer, replacing Kwasi Kwarteng after just 38 days in office, in a last-ditch bid to reassure the financial markets she was taking a new economic path.

New Delhi, 15 October2022

As per news report of NDTV, the prime minister is betting that having 55-year-old Jeremy Hunt by her side will help to convince investors that her fiscal plans can work. She is also hoping that bringing a rival into the heart of her government may help to appease the many Tory lawmakers who were alarmed by her decision to surround herself with ideological loyalists after she took office last month. They have also been angered by chaos she has unleashed for the markets and the party.

Source - NDTV