Treasury chief secretary Chris Philp moved aside and replaced by Edward Argar amid economic chaos | Politics News
Finance Secretary Chris Philp was transferred to the Cabinet Office after Prime Minister Kwasi Kwarteng was sacked.
Prime Minister Liz Truss is looking to put her charismatic fledgling government on track after the economic crisis caused by a small budget.
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Treasuries clearly appear when the government set to increase corporate tax despite promising not to do so in its recent financials in a second major turnaround.
Former foreign minister Jeremy Hunt has been appointed as Mr. Kwarteng’s replacementwhile Edward Argar took over Mr. Philp.
The Tory MP transitioned into Mr Argar’s previous role as salary general and Cabinet Office minister.
His change of job will be considered a dismissal.
Mr Philp is understood to be a leading supporter of the controversial move to scrap the 45p tax rate for the top earners, which was reversed in a dramatic climb down at the recent Conservative Party conference.