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Number Of Sources Say Hunt 'Confirmed' As New Chancellor; Presser @ 1430BST

UK

A number of sources including the Guardian, Times, and Telegraph saying that Jeremy Hunt is set to be announced as the next chancellor as PM Liz Truss' press conference.

  • Daily Telegraph reporting that Liz Truss' press conference on the economy following her sacking of Chancellor Kwasi Kwarteng has been pushed back by 30 mins to 1430BST (0930ET, 1530CET).
  • Betting markets now show a 41% implied probability Truss leaves office in 2022, up from 20% 24 hours ago according to data from Smarkets. Hunt likely to have significant, if not total, control of UK economic policy, unlikely to have taken the job without major concessions.
  • Link:https://www.youtube.com/watch?v=8dGARW-dbzs

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