New prime minister Rishi Sunak has started forming his top team, with big names such as Jacob Rees-Mogg announcing their departure to the backbenches.
Standing in Downing Street on Tuesday after meeting the King, Mr Sunak vowed to fix the “mistakes” of Liz Truss’s leadership and braced the nation for “difficult decisions” ahead.
The freshly-appointed Conservative leader warned the UK is facing a “profound economic crisis” in his first speech.
His criticism of Ms Truss’s brief and chaotic tenure came just over an hour after the outgoing PM defended her botched economic strategy in her farewell speech from Downing Street.
Mr Sunak said his predecessor, whose 49 days in office made her the shortest-lasting PM in history, was “not wrong” to want to drive up growth, describing it as a “noble aim”.
Among the Cabinet ministers who have already stepped down is business secretary Mr Rees-Mogg, the former leader of the House of Commons, who said he was happy to support the new prime minister from the backbenches but conceded he would not get a job in the new top team.
Brandon Lewis, one of the longest-serving cabinet ministers, said he was out as justice secretary as he vowed to support Mr Sunak from the backbenches.
Senior Tory MP Huw Merriman said the government may be “more boring” under the stewardship of the new prime minister but he thinks “that’s what people want”, as “we’ve had enough excitement”.
Here’s the full list of who’s in and who’s out in Cabinet as appointments are made this afternoon:
Chancellor – Jeremy Hunt
Jeremy Hunt has been re-appointed as Chancellor, Downing Street has said.
He replaced Kwasi Kwarteng in the role following the disastrous mini-Budget and went on to scrap most of the new measures.
Chief Secretary to the Treasury – John Glen
John Glen will be the new chief secretary to the Treasury under Rishi Sunak.
He was economic secretary to the Treasury from September 2021 until July 2022.
Oliver Dowden is the new chancellor of the Duchy of Lancaster
Chancellor of the Duchy of Lancaster – Oliver Dowden
MP Oliver Dowden has been appointed as chancellor of the Duchy of Lancaster.
The role is the second most senior minister in the Cabinet after the prime minister and the holder must administer the estates and rents of the Duchy of Lancaster.
Justice Secretary and Deputy Prime Minister – Dominic Raab
Jeremy Hunt has been re-appointed as chancellor
Dominic Raab returns as justice secretary
