Jeremy Hunt

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

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.

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.”

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.

Newly appointed United Kingdom Chancellor Jeremy Hunt is a mild-mannered political survivor who will require all of his considerable experience to calm an ...

As the culture, media and sport minister, he was under intense pressure to resign in 2012 over his contacts with Rupert Murdoch during a phone-hacking scandal involving the mogul’s media empire. A supporter of remaining in the EU, Hunt was relegated to the backbenches when pro-Brexit Johnson took charge, although he was chair of the influential Health and Social Care Select Committee, which sought to hold the government to account during the pandemic. In government, he oversaw the London 2012 Olympics, was Britain’s longest-serving health secretary and proved a steady pair of hands as the UK’s top diplomat.

The new Chancellor has warned Britain will need both tax rises and wide spending cuts as the Government reforms its economic policy.

The thing I want to be upfront with people is there are going to be no easy choices and lots of the things people are hoping for won't happen." Remember, I ran the biggest-spending department for many years so I know just how difficult it is to find those efficiencies but we’re all going to have to play our part across the board." No one cares about the NHS more than I do but we're also going to have pressure on the tax side." I wish I could give you more details but I will be presenting to Parliament a fortnight on Monday exactly what's going to happen and all of those figures. "You cannot tax your way to higher growth. It is natural then that eyes should be turning to Labour, which is now between 20 and 30 points ahead in the polls. And this is one ." The post, written by Will Tanner, a centre-right think tank director, read: "Yes to economic growth, no to unfunded tax cuts. "We’re going to have to take some very tough decisions on both spending and tax," he told Sky News. What a hoot!" Priti Patel, the former home secretary, added: "A year ago today, Sir David Amess, my dear friend was murdered. Tom Tugendhat, the security minister, tweeted this morning: "My friend, David Amess, was murdered a year ago tomorrow.

UK's new Chancellor of the Exchequer Jeremy Hunt said today that the Liz Truss administration had made "mistakes" as he promised "difficult decisions ...

And we have to make sure as we take these very difficult decisions, we're honest with people about the situation we face." That is absolutely right and I also would like to be able to cut corporation tax." He told Sky News: "We will have some very difficult decisions ahead.

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.

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."

Britain's onetime top diplomat is named new finance minister, the latest senior government role for for a man regarded by many in his Conservative Party as ...

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After being the longest-serving health secretary in British history and stints running the foreign office and culture ministry, Hunt returns from government ...

During a trip to China in July in 2018, he mistakenly described his wife Lucia, who hails from China, as being Japanese. He is best known in Britain, though, for his stint as health minister, a role he held from 2012-2018, longer than any other politician. 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. "The appointment of Jeremy Hunt as Chancellor is a wise choice," Conservative lawmaker Bernard Jenkin said on Twitter. Rash talk of ditching the PM, or calls for a general election, will not calm the financial markets."

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.

Mr Hunt confirmed that he has the permission to unpick the mini-budget as he sees fit. Hobbled by U-turns on her flagship policies, Liz Truss has reached for ...

Mr Hunt today wouldn't commit to the 2023 cut in the basic rate of income tax announced just three weeks ago. That is why many in the party are now convinced that Liz Truss will have to go, even if the manner of her exit is still unclear. But then again, there is an argument to be made that Jeremy Hunt - who backed Rishi Sunak - is now more powerful than Liz Truss. This will be compounded by a sense there is now an ideological vacuum at the heart of this government. Jeremy Hunt has confirmed that Prime Minister Liz Truss's economic vision is not only dead, but that the immediate actions of this administration will be to do almost exactly the opposite of what the prime minister promised during the summer leadership campaign. Politically, there is an argument to be made that Jeremy Hunt is now more powerful than the prime minister - and can push through unpopular policies.

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."

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.

Miriam Margolyes has told how she wanted to swear at new Chancellor Jeremy Hunt when she met him in a BBC radio studio just a day after he took up his ...

No, you can't say that!" What I really wanted to say (was) 'f*** you, you bastard' but you can't say that." Webb quickly apologised for the language, adding: "Oh, no, no, no, you mustn't say that.

Liz Truss's new Chancellor has signalled his plan to up-end the Prime Minister's entire economic strategy, in an extraordinary rebuke of the pledges that ...

"Nonetheless, his comments indicated that cuts to public spending and tax rises could be coming. Some taxes will go up. The

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.

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.

Amid economic turmoil, Britain's new finance minister, Jeremy Hunt, on Saturday warned of looming tax hikes as he admitted to "mistakes" made in a ...

According to British media reports, Liz Truss is desperately clinging to her chair. Some taxes will go up," he indicated. "There were mistakes," acknowledged Hunt, a former foreign secretary who is seen as a Tory centrist.

The new chancellor has junked the prime minister's economic strategy in 24 hours, writes Laura Kuenssberg.

One former minister said there had been a "total seepage of power and authority" and she is on her way out in either weeks or months. Believe the polls and Ms Truss' start in office has been an epic disaster from which it is hard to see a return. Boris Johnson and Theresa May survived far, far longer than many of their colleagues had hoped. But that arithmetic won't be pretty - public spending cuts are on the way and taxes could rise too. And yet, very often, it does. But has she killed off what political authority she had left and handed it to someone else?

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