PM Liz Truss has appointed Jeremy Hunt as new chancellor following the sacking of Kwasi Kwarteng.
CityNews Nigeria learnt that Jeremy Hunt will now take over as chancellor.
A big name in the party, he’s run big departments of state before and, crucially, was a supporter of Rishi Sunak for leader.
The prime minister would be able to argue she is reaching out to parts of the party that did not support her to become PM.
Hunt was the runner-up for the Conservative leadership when Boris Johnson won, and was knocked out very early on in the most recent contest.
Details shortly…
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