Jeremy Hunt replaces Kwarteng as UK chancellor
LONDON, Oct. 14 (Xinhua) -- Jeremy Hunt, former foreign secretary of the United Kingdom (UK), has been appointed as chancellor of the exchequer, Downing Street said in a statement on Friday.
Hunt, 55, replaces Kwasi Kwarteng, who resigned earlier in the day after his mini-budget was blamed for causing economic turmoil.
"You have asked me to stand aside as your Chancellor. I have accepted," Kwarteng said in his resignation to Prime Minister Liz Truss posted on Twitter.
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