New Prime Minister Rishi Sunak MP has retained Jeremy Hunt MP as Chancellor in his first Cabinet.

Nadhim Zahawi, the former Education Secretary, has become the new Chancellor of The Exchequer following the shock resignation of Rishi Sunak yesterday.

 Chancellor Rishi Sunak will present his next Budget to MPs on 3 March.

The State Pension will rise by 2.5% in April, the Government has confirmed.

The Financial Services Regulatory Initiatives Forum has brought forward the launch of its Regulatory Initiatives Grid to today.

Chancellor Rishi Sunak has extended the consultation on scrapping the RPI inflation measure by four months to August.

The Bank of England’s Monetary Policy Committee has cut the bank base rate from 0.25% to 0.1%, an unprecedented low.

Chancellor Sajid Javid has quit just four weeks before he was due to deliver the first post-Election Budget on 11 March.