Jeremy Hunt and Penny Mordaunt keep roles, and Jacob Rees-Mogg among those quitting as new PM picks team
Jeremy Hunt, chancellor
Had he won the Tory leadership in the summer, Rishi Sunak had been keen to appoint one of his close allies as chancellor, and he is rumoured to prefer Oliver Dowden or Mel Stride, the chair of the Treasury select committee. That may yet happen at the next reshuffle but for now Sunak has kept with Hunt, deciding that stability is the priority. Having been in post for less than a fortnight, it was the consensus position among MPs that Hunt should stay in post. He is keen to deliver the 31 October fiscal event on schedule, in an attempt to bolster market confidence.
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