The Latest Breaking News from Jeremy Hunt

Chancellor says ‘difficult decisions’ ahead with some departments needing to find savings and some taxes set to rise

The Bank of England Governor said the pair discussed ‘fiscal responsibility’

Having seen her government’s popularity plummet just weeks after taking office, British prime minister Liz Truss has sacked her chancellor of the exchequer, Kwasi Kwarteng in a bid to save herself. Kwarteng, widely seen as Truss’s right-hand man, was rushed back to London from New York for the occasion, where…

Kwasi Kwarteng had been chancellor for just 38 days, the second-shortest time ever spent in the post, as Liz Truss replaced him with Jeremy Hunt on a day rapidly descending into farce

‘His view is that the wagons are still going to circle’

Rattled Liz Truss appears defeated and deflated just weeks after getting the keys to no10, behavioural expert Judi James claims as the desperate Prime Minister clings to her job

PM’s move to replace chancellor and commit to raising corporation tax fails to placate markets or Tory MPs

Sterling fell, FTSE 100 lost its gains and bond yields rose after PM’s press conference failed to announce new direction

Expectation that new chancellor Jeremy Hunt will rewrite Kwasi Kwarteng’s mini-Budget