Press release

New ministerial appointment July 2016: Chancellor of the Exchequer

Philip Hammond is the new Chancellor of the Exchequer following Theresa May's appointment as Prime Minister.

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The Queen has been pleased to approve the appointment of Rt Hon Philip Hammond MP as Chancellor of the Exchequer.

The Rt Hon George Osborne MP has resigned from government.

Further ministerial appointments will be announced this evening.

Published 13 July 2016