"The queen has been pleased to approve the appointment of Philip Hammond MP as chancellor of the exchequer," Downing Street said in a statement.
Philip Hammond has become Britain’s new finance minister, Downing Street announced on Wednesday, replacing George Osborne who quit the government after Theresa May was appointed prime minister.
Hammond had been the foreign minister in the outgoing government of David Cameron since 2014.
“The queen has been pleased to approve the appointment of Philip Hammond MP as chancellor of the exchequer,” Downing Street said in a statement.
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