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Jeremy Hunt remains chancellor in big cabinet reshuffle Jeremy Hunt remains chancellor in big cabinet reshuffle
(30 minutes later)
Rishi Sunak has decided to keep Jeremy Hunt as chancellor, as he conducts a wide-ranging reshuffle of his cabinet ministers. Rishi Sunak has decided to keep Jeremy Hunt as chancellor, as the new PM conducts a major reshuffle of his cabinet team.
Mr Hunt, who was appointed to the job two weeks ago by former PM Liz Truss, reversed much of her tax-cutting mini-budget. Mr Hunt was appointed to the job two weeks ago by former leader Liz Truss and reversed much of her tax-cutting mini-budget.
But nine cabinet ministers have left their posts, including Jacob Rees-Mogg as business secretary. James Cleverly, made foreign secretary by Ms Truss, will also remain in post.
This includes key Truss allies such as ex-Levelling Up Secretary Simon Clarke. Dominic Raab is back as deputy PM and justice secretary, roles he held under ex-PM Boris Johnson.
Former chief whip Wendy Morton and ex-Work and Pensions Secretary Chloe Smith, other backers of Ms Truss's leadership, are also out. Ben Wallace also remains defence secretary, a role he has held since Mr Johnson entered Downing Street in July 2019.
They join Brandon Lewis, Robert Buckland and Ranil Jayawardena in leaving the cabinet. But nine cabinet ministers have left their posts, including Jacob Rees-Mogg - who stepped down as business secretary as the reshuffle began.
Follow live: Rishi Sunak reshuffles cabinetFollow live: Rishi Sunak reshuffles cabinet
Is the Tory Party ready to unite behind Sunak?Is the Tory Party ready to unite behind Sunak?
Truss defends tax-cutting goals in farewell speechTruss defends tax-cutting goals in farewell speech
The list of those leaving government includes key Truss allies such as ex-Levelling Up Secretary Simon Clarke.
Sunak supporter Simon Hart has replaced Wendy Morton, another Truss ally, as the chief whip.
Former Work and Pensions Secretary Chloe Smith, Brandon Lewis, Robert Buckland and Ranil Jayawardena have also left the cabinet.
Kit Malthouse is also out as education secretary, whilst Jake Berry has also confirmed he is no longer Conservative Party chairman.Kit Malthouse is also out as education secretary, whilst Jake Berry has also confirmed he is no longer Conservative Party chairman.
In other departures so far, Vicky Ford has been sacked as a development minister at the Foreign Office. In other departures, Vicky Ford has been sacked as a development minister at the Foreign Office.
Alok Sharma has lost his job as a Cabinet Office minister, although he will remain in charge of UK preparations for the COP27 UN climate summit to be held in Egypt next month.Alok Sharma has lost his job as a Cabinet Office minister, although he will remain in charge of UK preparations for the COP27 UN climate summit to be held in Egypt next month.
Mr Rees-Mogg, who backed Ms Truss's leadership, is also a close ally of former Prime Minister Boris Johnson.
He acknowledged he was was unlikely to be kept on, as he was "far too close to Liz Truss" to work with Mr Sunak.
'Profound economic crisis''Profound economic crisis'
Earlier, Mr Rees-Mogg acknowledged he was was unlikely to be kept on, as he was "far too close to Liz Truss" to work with Mr Sunak.
Speaking to BBC deputy political editor Vicki Young, he added that he would be "fully supportive" of the new prime minister.Speaking to BBC deputy political editor Vicki Young, he added that he would be "fully supportive" of the new prime minister.
He added that the Conservatives, who now have their third leader in seven weeks, would be "toast" unless they pulled together.He added that the Conservatives, who now have their third leader in seven weeks, would be "toast" unless they pulled together.
Only a couple of hours after leaving his post, Mr Rees-Mogg returned to the Commons to speak as a backbencher during a debate on government legislation to replace EU laws carried over after Brexit. Only a couple of hours after leaving his post, he returned to the Commons to speak as a backbencher during a debate on government legislation to replace EU laws carried over after Brexit.
Earlier, Mr Sunak warned "difficult decisions" lie ahead for his new administration, as it grapples with a "profound economic crisis". Mr Sunak has warned "difficult decisions" lie ahead for his new administration, as it grapples with a "profound economic crisis".
He said he had been elected as Tory leader to "fix" the "mistakes" made by Ms Truss, who has left after just 49 days in office.He said he had been elected as Tory leader to "fix" the "mistakes" made by Ms Truss, who has left after just 49 days in office.