Former Health Secretary Jeremy Hunt is the new Chancellor of the Exchequer.

Kwasi Kwarteng is out after spending barely enough time in Number 11 Downing Street to measure up the curtains.

The former Chancellor has been ditched along with another cornerstone economic policy from his mini-Budget, the corporation tax freeze, signalling another u-turn by the Prime Minister.

Kwarteng was in post for only 38 days - the second shortest tenure in British history.

It comes after turmoil in the markets sparked by billions in tax cuts that the Bank of England has been racing to shore up this week.

To analyse the latest developments, their historical context and what the political future holds for PM Liz Truss, we’re joined by Evening Standard political editor Nic Cecil and Dr Jeevun Sandher, head of economics at the New Economics Foundation and a political scientist at King’s College London.

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