Jeremy Hunt becomes the new Chancellor of the Exchequer

The speaker addresses the British public, acknowledging the honor of their role and the challenges ahead due to the pandemic and cost of living crisis. They emphasize the need for stability, which is crucial for the markets and the country. The speaker outlines the necessity of making difficult decisions regarding spending and taxes to ensure financial plans are sustainable. They aim to reassure those concerned about mortgage costs, the cost of living, and NHS pressures that the government will provide the needed stability.

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