Jeremy Hunt

Tory moderate replaces Kwasi Kwarteng in bid to shore up support from MPs.

“All credit to Bailey of the Bank … “Following the status quo was simply not an option,” he said. [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) For Labour, shadow chancellor Rachel Reeves said the whole government had to go. Liz Truss won the Tory leadership contest on the basis of this programme. [Privacy policy](https://policies.google.com/privacy?hl=en) and [Terms of service](https://policies.google.com/terms?hl=en) apply. The replacement of Mr Kwarteng with Mr Hunt will not please everyone. MPs are said to have held talks about how to change 1922 Committee rules and arrange a joint Sunak-Modaunt ticket. One source told the programme: “Liz Truss campaigned on these tax cuts. Ms Truss sacked Mr Kwarteng at lunchtime on Friday following the disastrous response to last month’s tax-cutting mini-Budget. [Labour](https://www.independent.co.uk/topic/labour) a remarkable 34-point lead. [Chris Philp](https://www.independent.co.uk/topic/chris-philp), moving him from his role as chief secretary to the Treasury to the Cabinet Office, where he becomes a junior minister and paymaster general.

The choice of Mr Hunt, a prominent backer of her rival Rishi Sunak in the Tory leadership contest, will be seen as an attempt to restore stability after weeks ...

She tweeted: “They agitated to remove Boris Johnson and now they will continue plotting until they get their way. In her reply, Ms Truss said that as “a long-standing friend and colleague” she was “deeply sorry” to lose him from the Government. I have accepted.” He said her “vision of optimism, growth and change was right” and pledged to support her from the backbenches. Earlier, Mr Kwarteng was summoned back early from the annual gathering of the International Monetary Fund in Washington to be told of his fate in a brief meeting with the Prime Minister in Number 10. The choice of Mr Hunt, a prominent backer of her rival Rishi Sunak in the Tory leadership contest, will be seen as an attempt to restore stability after weeks of turmoil in the wake of Mr Kwarteng’s mini-budget.

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.

Former Health Secretary will take over from Kwasi Kwarteng following his dramatic sacking.

I believe your vision is the right one. "It is important now as we move forward to emphasise your government's commitment to fiscal discipline. In that time, I have seen your dedication and determination. The news means that Mr Kwarteng is the second the second shortest-serving UK chancellor on record. Multiple reports have now confirmed speculation that Mr Hunt is the new Chancellor. "The economic environment has changed rapidly since we set out the Growth Plan on 23 September.

Former Health Secretary Jeremy Hunt is being lined up as a potential replacement for sacked Chancellor Kwasi Kwarteng according to reports.

[Jeremy Hunt](https://www.thenational.scot/news/20270406.jeremy-hunt-meet-moderate-wants-bring-back-fox-hunting/) is now back in the UK - coming to a press conference near you?" [The Chancellor](https://www.heraldscotland.com/news/national/uk-today/23048858.kwasi-kwarteng-sacked-ahead-liz-truss-press-conference-today/) flew back early from International Monetary Fund talks in Washington on Friday (October 14) to be informed of his fate in a brief meeting with the Prime Minister, it was reported. Hunt was one of Sunak’s most prominent backers." [ Mr Hunt](https://www.thenational.scot/news/20270406.jeremy-hunt-meet-moderate-wants-bring-back-fox-hunting/) could be the next person to be Chancellor. [Jeremy Hunt](https://www.thenational.scot/news/20270406.jeremy-hunt-meet-moderate-wants-bring-back-fox-hunting/) will be the new chancellor, although I’ve not had official confirmation yet. [Mr Kwarteng](https://www.heraldscotland.com/news/national/uk-today/23048858.kwasi-kwarteng-sacked-ahead-liz-truss-press-conference-today/) has said he has accepted [Prime Minister Liz Truss](https://www.heraldscotland.com/news/national/uk-today/23048858.kwasi-kwarteng-sacked-ahead-liz-truss-press-conference-today/)’ request he “stand aside” as Chancellor.

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

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Jeremy Hunt, the former longest-serving health secretary, has been named as Chancellor, in a move which could have implications for NHS spending.

‘And he will drive our mission to go for growth, including taking forward the supply-side reforms that our country needs. - ‘Move back to the system where everyone has their own GP rather than just being attached to a surgery. He will see through the support we are providing to help families and businesses, including our energy price guarantee that is protecting people from higher energy bills this winter. - ‘Hospitals are full of people who can’t be discharged due to social care issues, mainly staff shortages. And she said: ‘Today, I have asked Jeremy Hunt to become the new Chancellor. [Upon the appointment of Ms Truss as Prime Minister in August,](https://www.pulsetoday.co.uk/news/politics/former-health-ministers-all-ruled-out-of-prime-minister-race/) Mr Hunt took to Twitter to set out his suggestions for a six-point list of emergency NHS actions. [confirmed he would not cut Department of Health and Social Care spending](https://www.pulsetoday.co.uk/news/practice-personal-finance/tax-cutting-budget-reverses-ir35-reforms-affecting-gp-locums/), he had not been able to say how the tax reduction would be funded. [scrapping the Health and Social Care Levy that had been due to come into force in April](https://www.pulsetoday.co.uk/news/practice-personal-finance/new-chancellor-scraps-nhs-levy-and-ni-hike/). [had been intended to raise £36bn to buffer the NHS’s coffers](https://www.pulsetoday.co.uk/news/politics/national-insurance-rise-will-raise-36bn-in-three-years-for-nhs-and-social-care/) even before the impact of raging inflation. [repeated his wish for GPs to have individual patient lists](https://www.pulsetoday.co.uk/news/clinical-areas/elderly-care/jeremy-hunt-suggests-gps-should-have-their-own-lists-of-patients/), arguing that [moving away from continuity of care has been ‘a big mistake’.](http://that moving away from continuity of care is a ‘big mistake’,) [should look at scrapping QOF’, to allow more ‘freedom and flexibility’ over how money is spent in general practice.](https://www.pulsetoday.co.uk/news/politics/qof-should-be-scrapped-but-metrics-retained-says-jeremy-hunt/) [The former Prime Minister hopeful](https://www.pulsetoday.co.uk/news/politics/former-health-ministers-all-ruled-out-of-prime-minister-race/) also told April’s Pulse Live conference that [if he were a doctor, he would like to be a GP.](https://www.pulsetoday.co.uk/views/big-interviews/jeremy-hunt-at-pulse-live-if-i-was-a-doctor-id-want-to-be-a-gp/) [admission that he failed with regards to growing the GP workforce](https://www.pulsetoday.co.uk/news/breaking-news/jeremy-hunt-im-completely-responsible-for-failure-to-boost-gp-workforce/) when he served as health secretary from 2012 to 2018.

The move will be seen as an attempt to restore stability after weeks of turmoil in the wake of Mr Kwarteng's mini-budget.

She tweeted: “They agitated to remove Boris Johnson and now they will continue plotting until they get their way. In her reply, Ms Truss said that as “a long-standing friend and colleague” she was “deeply sorry” to lose him from the Government. I have accepted.” He said her “vision of optimism, growth and change was right” and pledged to support her from the backbenches. Earlier, Mr Kwarteng was summoned back early from the annual gathering of the International Monetary Fund in Washington to be told of his fate in a brief meeting with the The choice of Mr Hunt, a prominent backer of her rival Rishi Sunak in the Tory leadership contest, will be seen as an attempt to restore stability after weeks of turmoil in the wake of Mr Kwarteng’s mini-budget.

F. ormer foreign secretary and Conservative leadership contender Jeremy Hunt has been named Chancellor, Downing Street has confirmed, ushering in a new era in ...

That means starting by saying we’re going to get the economy growing, then you get yourself in a position.” More recently, he has raised concerns about staff vacancies in “nearly every specialty” of the health service. That same year, he was appointed Shadow Minister for Disabled People in December 2005. “Corporation tax matters the most to businesses and defines whether we are a pro-enterprise economy. “It can’t be an electoral bribe and it depends on growth. This will help to stabilise the pound and gilt markets.

The MP for South West Surrey was elected to his safe Conservative seat in 2005 after Virginia Bottomley, the now Baroness Bottomley of Nettlestone, stepped down ...

He used his position to make a number of critical interventions on the Government’s handling of the Covid pandemic, and was supportive of the nation going into lockdown to curb the spread of the virus. He then stepped back from the front benches for several years, focusing on his role as chairman of the Health and Social Care Committee, a role he was elected to at the beginning of 2020. The MP for South West Surrey was elected to his safe Conservative seat in 2005 after Virginia Bottomley, the now Baroness Bottomley of Nettlestone, stepped down. The new PM then offered Mr Hunt the job of defence secretary after Dominic Raab was chosen as the new foreign secretary, but he declined it. But his time in office was controversial and saw him face criticism from doctors and nurses due to the pressures on the NHS. During his two-year stint in the role, he was praised for the hugely successful London Olympics, but also faced calls to resign over his role in the BSkyB takeover bid.

But are the changes in Westminster today good or bad for your wealth? Telegraph Money explains. Corporation Tax. The Prime Minister will now go ahead with the ...

Mr Sparke, of wealth manager GDIM, said: “Most companies that pay dividends, despite being in a relatively tough economic period, will still be committed to doing so. “This could actually be beneficial to their dividend cover,” she said. As in the residential mortgage market, if the U-turn can calm the financial turmoil and mitigate inflation forecasts, rates on buy-to-let mortgages are likely to stabilise or fall. “There will be many people approaching retirement who have seen falls in their funds in the past few weeks, especially if they were heavily invested in gilts. “I will expect some easing in the mortgage market in terms of availability and costs. The average rate for a one-year fixed bond is currently 2.54pc, according to the analyst Savings Champion. He said: “I would imagine it will make it easier for the OBR to balance the books, which will make the UK more secure. Ms Truss said Mr Hunt would be delivering the Government's fiscal event at the end of the month. However, Mr Sparke added that if sterling were to rise, this could have a negative impact on large companies listed on London’s benchmark index, the FTSE 100. They were some of the risers when the mini-Budget happened but this could reverse by a stronger pound.” The international point of view has largely been that the initial mini-Budget was irresponsible,” he said. He said that the reinstatement of the corporation tax rise would help Britain’s battle against inflation.

The ex-health secretary - who backed Rishi Sunak in the leadership race - takes over at a crucial time.

He said at the time that "every member of his family" has had the disease and that he had "a minor one" himself. Earlier in 2012, he faced calls to resign over his role in the BSkyB takeover bid. When the business was sold in 2017, Hunt netted a reported £14m, making him one of the UK's richest politicians. This was after his predecessor Mr Johnson quit over Theresa May's Brexit strategy. In the leadership race this year, he put his weight behind former chancellor Rishi Sunak over Liz Truss. But prior to his career in parliament, Mr Hunt had a career as an English teacher in Japan and as an entrepreneur - co-founding the Hotcourses education publisher.

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.

Liz Truss has sacked Kwasi Kwarteng from his cabinet role of chancellor and named Jeremy Hunt as his replacement after the government was forced to rip up ...

"It was a crisis made in Downing Street. "It is important now as we move forward to emphasise your government's commitment to fiscal discipline. "As I have said many times in the past weeks, following the status quo was simply not an option. Government bonds appeared to have recovered slightly in the imminent wake of Kwarteng's sacking. But the plans triggered chaos in the UK markets with major fluctuations in the value of the pound, and a significant drop in the value of UK government bonds, which forced the Bank of England to make several major interventions to shore up pension funds exposed to the bonds. "We share the same vision for our country and the same firm conviction to go for growth," she wrote. "I know that you will continue to support the mission that we share to deliver a low tax, high wage, high growth economy that can transform the prosperity of our country for generations to come." The Medium-Term Fiscal Plan is crucial to this end, and I look forward to supporting you and my successor to achieve that from the backbenches." "In response, together with the Bank of England and excellent officials at the Treasury we have responded to those events, and I commend my officials for their dedication," he said. I have accepted. Truss will give a press conference this afternoon in which she is widely expected to announce a further concession on the "mini-budget" by rowing back on a pledge to scrap a planned rise in corporation tax. Liz Truss has sacked Kwasi Kwarteng from his cabinet role of chancellor and named Jeremy Hunt as his replacement after the government was forced to rip up key sections of the recent "mini-budget" in the wake of two weeks of economic chaos.

The ex-health secretary - who backed Rishi Sunak in the leadership race - takes over at a crucial time.

He said at the time that "every member of his family" has had the disease and that he had "a minor one" himself. Earlier in 2012, he faced calls to resign over his role in the BSkyB takeover bid. Mr Hunt said he would use the money to fund campaigns after he leaves politics. This was after his predecessor Mr Johnson quit over Theresa May's Brexit strategy. But prior to his career in parliament, Mr Hunt had a career as an English teacher in Japan and as an entrepreneur - co-founding the Hotcourses education publisher. In the leadership race this year, he put his weight behind former chancellor Rishi Sunak over Liz Truss.

The father-of-two has been described as a “steady” pair of hands and “Theresa May in trousers”. So could his appointment be just what the economy needs at ...

“I’m someone who doesn’t just think that we stop the corporation tax rises, I think we should cut them so that they’re the lowest in Europe and North America,” he said. The “steady” father-of-two, 55, was the runner-up to Johnson in the 2019 general election and put his hat in the ring for the leadership again this summer, too, offering what he said was the opposite of the former Mayor of London: a serious, less controversial leadership style, with (hopefully) fewer rulebreaking parties. “It’s not the most sexy of cuts but it just matters in terms of getting our economy moving,” he told Sky News at the time. Among his leadership pledges were that he would appoint the North West Tory MP Esther McVey as his deputy, who would act as the John Prescott to his Tony Blair, but he was knocked out before the final round for not having enough backers. He was among the early favourites with bookmakers during summer’s leadership race, insisting he’s a Tory “moderate” and that his posh background would not mean he’s out of touch with ordinary voters. The father-of-two has been described as a “steady” pair of hands and “Theresa May in trousers”.

Jeremy Hunt has been confirmed as the new chancellor of the exchequer after Kwasi Kwarteng was sacked by the prime minister this morning October 10 after 38 ...

The decision to bring in a new team is an attempt to quell the fissures in financial markets which have pushed up borrowing costs and pushed the value of the pound to its lowest point against the dollar. Hunt has been the MP for South West Surrey since 2005, and has served as secretary of state for foreign and commonwealth affairs, as well as for culture, Olympics, media and sport. The policies triggered a rush for the door for gilt investors, and the pound sunk to its lowest value against the dollar after £43bn of unfunded tax cuts were unveiled.

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

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.

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.

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 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.

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)

Mr Hunt, who had backed Mr Sunak in the Tory leadership contest, accepted the job as Chancellor from the Prime Minister on a day of turbulence in Westminster.

One of his campaign pledges was to slash corporation tax to 15 per cent – an even bigger cut than Ms Truss had pledged. However he was beaten in the membership vote by a landslide. As her Chancellor, he will now oversee its rise to 25 per cent. His reward for being in that final run-off was to be sacked by Mr Johnson from the Cabinet – seen as a moment of petulance by the then PM. But Mr Hunt, who has served in the Cabinet under three prime ministers, is seen as a safe pair of hands and more of a unity option than Mr Sunak. Mr Hunt, who had backed Mr Sunak in the Tory leadership contest, accepted the job as Chancellor from the Prime Minister on a day of turbulence in Westminster.

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 rebuked the 'mistakes' of the Liz Truss administration in his first interview since taking the job.

“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 on both spending and tax.” No Chancellor can control the markets. “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.

Jeremy Hunt was named as the new chancellor on a hectic day in Westminster following the sacking of Kwasi Kwarteng. Prime Minister Liz Truss removed ...

In March 2020, at the onset of the coronavirus pandemic, Hunt voiced criticism of the Government’s response to the spread of the virus. Hunt went on to face Johnson in the Conservative leadership contest of 2019, although ultimately lost out. During the 2016 referendum on the UK’s membership of the European Union, Hunt was in favour of remaining.

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."

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.

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.

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

Clung on as they made the pound sink, clung on as they took our pensions to the brink of collapse, clung on as they pushed the mortgages and bills of the British people through the roof. We need to be prepared, disciplined, relentlessly focused on the future, spend each day working to earn the trust of the British people, provide the leadership this country so desperately needs and walk towards a better future. British power to the British people. That’s why we struggle for growth – we lock too many communities out of the wealth we create, create too many jobs that are low paid and insecure. A publicly owned company that takes advantage of the opportunities in clean British power and turns them into good, secure, high-paid British jobs. And driving us forward will be a goal that puts us ahead of any major economy in the world: 100% clean power by 2030. All of the pain our country faces now is down to them. In Batley and Spen, where we beat back the forces of division with Kim Leadbeater. We must be the party of sound money. “No doubt we will hear plenty of laughable excuses in the coming days. For some, the whole project was supposed to be a celebration of Britain’s departure from the EU. This region is also important to this Labour party and our shared journey, from the pain of defeat four times, to a moment where the prospect of serving our country again no longer looks impossible.

Jeremy Hunt told the BBC that some taxes will go up, while government spending may need to fall. He said he had a clean slate after Prime Minister Liz Truss ...

"[Truss] has been prime minister for less than five weeks. Some Tory MPs feel Mr Hunt's appointment has "bought them time". But in appointing Mr Hunt, a Rishi Sunak supporter in the leadership contest, Ms Truss' flagship policies are now looking uncertain. On what he described as the two mistakes made in that budget, Mr Hunt said: "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 said both of these were now in the process of "being put right". With plans to cut the 45p rate of tax for high earners and corporation tax now both scrapped, Mr Hunt has indicated he plans to implement further changes to September's mini-budget, telling BBC Radio 4's Today Programme he had a "clean slate".

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.