November 8, 2024

New U.K. Chancellor Jeremy Hunt Seen as Moderate in Bid to Appease Markets

Jeremy Hunt #JeremyHunt

LONDON—Jeremy Hunt, a quietly spoken veteran Conservative lawmaker, is now the U.K. Chancellor of the Exchequer, given the difficult job of trying to restore the British government’s credibility with investors after

weeks of political chaos.

Prime Minister Liz Truss on Friday called Mr. Hunt “one of the most experienced and widely respected government ministers and parliamentarians” after firing her longtime allyKwasi Kwarteng from the treasury role.

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