Goldman Sachs alum Rishi Sunak, the Member of Parliament for Richmond in Yorkshire has been appointed Chancellor of the Exchequer after former finance chief Sajid Javid, who was believed to have been safe, resigned.
The reshuffle will mean that Sunak will be the third UK finance chief in under a year following in the footsteps of Philip Hammond and the short-lived Sajid Javid.
It also brings to a halt the 50-year-old Javid’s blistering rise, in which, after election to Parliament in 2010, he was appointed first Economic Secretary to the Treasury in 2012, Financial Secretary to the Treasury in 2013, Secretary of State for Culture, Media and Sport in 2014, Secretary of State for Housing, Communities and Local Government in 2016, Home Secretary in 2018, and Chancellor of the Exchequer last year.
Meanwhile, Alok Sharma MP has been appointed Secretary of State for Business, Energy and Industrial Strategy, Anne-Marie Trevelyan has been appointed Secretary of State for International Development; Oliver Dowden will become the new Secretary of State for Digital, Culture, Media and Sport; and former Chair of the European Research Group, Suella Braverman will serve as Attorney General.
Among the MPs retaining their posts are Home Secretary Priti Patel; Foreign Secretary Dominic Raab; Cabinet Office Minister Michael Gove; Lord Chancellor and Justice Secretary Robert Buckland; International Trade Secretary Liz Truss; Leader of the House of Lords Baroness Evans; Work and Pensions Secretary Thérèse Coffey; and, Education Secretary Gavin Williamson.
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Pictures of Rishi Sunak by Chris McAndrew – AzureGallery: https://beta.parliament.uk/media/IoyxMWET, CC BY 3.0, Link; of Alok Sharma by Chris McAndrew, CC BY 3.0, Link; and, of Anne-Marie Trevelyan by Chris McAndrew, CC BY 3.0, Link.