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Truss brings in rival who could steady the ship, or take her job

Bloomberg
Bloomberg • 4 min read
Truss brings in rival who could steady the ship, or take her job
Jeremy Hunt (pictured) was a high-profile supporter of Truss’s opponent Rishi Sunak during this summer’s leadership campaign. Photo: Bloomberg
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Under-pressure UK Prime Minister Liz Truss appointed Jeremy Hunt as her new Chancellor of the Exchequer, replacing Kwasi Kwarteng after just 38 days in office, in a last-ditch bid to reassure the financial markets she was taking a new economic path.

The prime minister is betting that having 55-year-old Hunt by her side will help to convince investors that her fiscal plans can work.

She is also hoping that bringing a rival into the heart of her government may help to appease the many Tory lawmakers who were alarmed by her decision to surround herself with ideological loyalists after she took office last month. They have also been angered by chaos she has unleashed for the markets and the party.

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