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Rishi Sunak has been appointed Chancellor of the Exchequer after the dramatic resignation of Sajid Javid.

The ex-chief secretary was promoted from the number two job at the Treasury after his former boss quit in the bloody outcome of a power struggle with Number 10 aide Dominic Cummings.

Mr Sunak arrives just 27 days before he will have to deliver his first Budget on 11 March, and attention will now be focused on what changes he will make to the taxation and spending plans drawn up by Mr Javid.

Reports suggests that he accepted Mr Johnson’s demand – rejected by Javid – for his special advisers to form part of a joint unit for 10 and 11 Downing Street appointed directly by Number 10.

The move effectively puts the relatively inexperienced Sunak’s advisers directly under Number 10’s control, in what was being seen as a power grab by Cummings which could leave him as “chancellor in name only” (Chino).

His surprise appointment at 39 and after less than five years in parliament makes him the second youngest Chancellor in more than a century, behind George Osborne. Read more

Also Read: Cabinet reshuffle: Why did the pound go up after Sajid Javid resigned?