Jeremy Hunt, the Chancellor of the Exchequer, has dismissed speculation that he is planning to step down after next month's Autumn Statement. Despite growing claims from within the Conservative Party that Hunt's time in office is coming to an end, the Chancellor's spokesman confirmed that he has no intention of resigning and will be standing in the next election.
Speculation Surrounding Hunt's Future
Hunt's position has been the subject of intense Westminster gossip in recent weeks. There have been suggestions that he may quit as an MP before the next election, resulting in an early departure from the Treasury. However, his spokesman affirmed his commitment to the role, stating that he will remain as Chancellor and seek re-election.
Hunt assumed the role last year during the Liz Truss mini-Budget crisis and subsequently dismantled her economic plans. With the country heading to the polls next year, ministers and MPs have openly discussed the possibility of Prime Minister Rishi Sunak moving Hunt in a final reshuffle. Some MPs have argued for a more upbeat figure to take Hunt's place, nicknaming him "Eeyore" due to his perceived gloominess.
Potential Successors
There is speculation that Sunak may prefer to promote Pensions Secretary Mel Stride or appoint close ally Claire Coutinho as the first female Chancellor. It is believed that Hunt faces a tough battle against the Liberal Democrats in his Surrey seat, which will be affected by boundary reviews.
Defending Hunt's Economic Decisions
Cabinet minister Robert Jenrick has come to Hunt's defense, praising his "sensible, prudent" approach to economic decision-making. This comes in response to pressure from within the party to implement tax cuts. Jenrick emphasized that addressing the issue of inflation is a top priority for the government.
