Jeremy Hunt Appointed Britain’s New Finance Secretary
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The British government has announced the appointment of Jeremy Hunt as the country’s new finance minister, hours after former finance minister, Kwasi Quarting, resigned.
British Prime Minister Liz Terrace announced during a news conference on Friday Hunt's appointment as finance minister following Quarting's resignation, and Hunt held several previous government positions, including culture minister in 2010 and health minister in 2012.
Hunt also took over as secretary of state in 2018, and Hunt was also a former candidate for a Conservative presidency.
Former Finance Minister Quarting said in a statement on Friday that Prime Minister Tas had removed him from office, and under the resignation, Quarting injured the third finance minister to leave the government this year.
“She asked me to resign as finance minister,” Quarting said in a letter to Tras posted on Twitter. I did.”
Earlier in the day, Liz Trass met Quarting at government headquarters in Downing Street, after returning quickly from IMF and World Bank meetings in Washington, USA.
The ouster of the finance minister, just 38 days after his appointment, came against the backdrop of a political and economic crisis caused by the economic subsidy plan, which he announced three weeks ago, which included tax cuts, worth £45bn, that would be financed through government borrowing.
The controversial “mini-budget”, announced by Quarting on September 23, included the abolition of the 45 per cent tax on wealthy Britons whose annual income exceeds £150,000, or about $167,400.
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