Chancellorship of Jeremy Hunt
Jeremy Hunt has served as Chancellor of the Exchequer of the United Kingdom since his appointment on 14 October 2022. His tenure has so far been dominated by the cost of living crisis, and the global energy crisis. Hunt has served under two prime ministers during his tenure, Liz Truss until 25 October, and Rishi Sunak from 25 October.
Chancellorship of Jeremy Hunt 14 October 2022 – present | |
Party | Conservative |
---|---|
Nominated by | Liz Truss |
Appointed by | Charles III |
Seat | 11 Downing Street |
|
Hunt was appointed chancellor by prime minister Liz Truss, amid a government crisis, after Kwasi Kwarteng was dismissed as chancellor on 14 October, after 38 days in post. Within days, Hunt announced the reversal of the majority of Kwarteng's tax cuts in a televised statement. The announcement was described as "the biggest U-turn in British economic history". Following the resignation of Liz Truss on 25 October, Hunt remained chancellor after Rishi Sunak became prime minister.
During his time as chancellor, Hunt has delivered two Autumn Statements, and two Budgets to the House of Commons.