Mr Hunt was appointed by former Prime Minister Liz Truss to replace former Chancellor Kwasi Kwarteng after his botched mini-Budget.

Mr Hunt’s appointment is among dozens of ministerial appointments made by Mr Sunak after he became Prime Minister yesterday when the two other contenders for the leadership of the Parliamentary Conservative Party, Penny Mordaunt and Boris Johnson, withdrew.

In terms of key financial services ministerial appointments and changes so far, Therese Coffey has moved from Work and Pensions Secretary to become Environment Secretary; Mel Stride becomes the new Work and Pensions Secretary and John Glen returns to the Treasury as Chief Secretary and will attend Cabinet.

Dominic Raab returns as Deputy Prime Minister and Grant Schapps has become Business Secretary. More junior ministerial appointments, such as Pensions Minister, are expected later.

Among the key ministerial appointments so far this week are (details from the Cabinet Office):

• Rt Hon Rishi Sunak MP as Prime Minister, First Lord of the Treasury, Minister for the Civil Service, and Minister for the Union

• Rt Hon Jeremy Hunt MP re-appointed as Chancellor of the Exchequer

• Rt Hon Dominic Raab MP as Deputy Prime Minister, Lord Chancellor, and Secretary of State for Justice
• Rt Hon Simon Hart MP as Parliamentary Secretary to the Treasury (Chief Whip)
• Rt Hon James Cleverly MP re-appointed as Secretary of State for Foreign, Commonwealth and Development Affairs
• Rt Hon Ben Wallace MP re-appointed as Secretary of State for Defence
• Rt Hon Nadhim Zahawi MP as Minister without Portfolio
• Rt Hon Oliver Dowden CBE MP as Chancellor of the Duchy of Lancaster
• Rt Hon Suella Braverman KC MP as Secretary of State for the Home Department
• Rt Hon Grant Shapps MP as Secretary of State for Business, Energy and Industrial Strategy
• Rt Hon Penny Mordaunt MP re-appointed as Lord President of the Council, and Leader of the House of Commons
• Gillian Keegan MP as Secretary of State for Education
• Rt Hon Mel Stride MP as Secretary of State for Work and Pensions
• Rt Hon Dr Thérèse Coffey MP as Secretary of State for Environment, Food and Rural Affairs
• Rt Hon Steve Barclay MP as Secretary of State for Health and Social Care
• Rt Hon Michael Gove MP as Secretary of State for Levelling Up, Housing and Communities and Minister for Intergovernmental Relations
• Rt Hon Kemi Badenoch MP re-appointed as Secretary of State for International Trade and President of the Board of Trade. She also becomes Minister for Women and Equalities
• Rt Hon Michelle Donelan MP re-appointed as Secretary of State for Digital, Culture, Media and Sport
• Rt Hon Chris Heaton-Harris MP re-appointed as Secretary of State for Northern Ireland
• Rt Hon Alister Jack MP re-appointed as Secretary of State for Scotland
• David TC Davies MP as Secretary of State for Wales
• Rt Hon Lord True CBE re-appointed as Lord Privy Seal, and Leader of the House of Lords
• Victoria Prentis MP as Attorney General
• Jeremy Quin MP as Paymaster General, and Minister for the Cabinet Office. He will attend Cabinet.
• Rt Hon Mark Harper MP as Secretary of State for Transport
• John Glen MP as Chief Secretary to the Treasury. He will attend Cabinet.
• Rt Hon Johnny Mercer MP as a Minister of State (Minister for Veterans’ Affairs) in the Cabinet Office. He will attend Cabinet.
• Rt Hon Tom Tugendhat MBE MP re-appointed as a Minister of State (Minister for Security) in the Home Office. He attends Cabinet.
• Rt Hon Sir Gavin Williamson CBE MP as a Minister of State (Minister without Portfolio) in the Cabinet Office. He will attend Cabinet.
• Rt Hon Robert Jenrick MP as a Minister of State (Minister for Immigration) in the Home Office. He will attend Cabinet.
• Rt Hon Andrew Mitchell MP as a Minister of State (Minister for Development) in the Foreign, Commonwealth and Development Office. He will attend Cabinet.
• Alex Chalk KC MP as a Minister of State in the Ministry of Defence
• Rt Hon Anne-Marie Trevelyan MP as a Minister of State in the Foreign, Commonwealth and Development Office
• Rt Hon Chris Philp MP as a Minister of State in the Home Office
• Rt Hon Lucy Frazer KC MP as a Minister of State in the Department for Levelling Up, Housing and Communities;
• Helen Whately MP as a Minister of State in the Department of Health and Social Care
• Rt Hon Greg Hands MP re-appointed as a Minister of State in the Department for International Trade
• Steve Baker MP re-appointed as a Minister of State in the Northern Ireland Office
• Rt Hon Baroness Williams of Trafford re-appointed as Captain of the Honourable Corps of Gentlemen at Arms (Lords Chief Whip)
• Rt Hon James Heappey MP re-appointed as a Minister of State in the Ministry of Defence
• Will Quince MP re-appointed as a Minister of State in the Department of Health and Social Care
• Nusrat Ghani MP re-appointed as a Minister of State in the Department for Business, Energy and Industrial Strategy
• Rt Hon Mark Spencer MP re-appointed as a Minister of State in the Department for Environment, Food and Rural Affairs
• Julia Lopez MP re-appointed as a Minister of State in the Department for Digital, Culture, Media and Sport
• Michael Tomlinson MP re-appointed as Solicitor General
• George Freeman MP as a Minister of State in the Department for Business, Energy and Industrial Strategy
• Rt Hon Nick Gibb MP as a Minister of State in the Department for Education
• Rt Hon Robert Halfon MP as a Minister of State in the Department for Education
• Rt Hon Jesse Norman MP as a Minister of State in the Department for Transport
• Victoria Atkins MP as Financial Secretary to the Treasury
• Andrew Griffith MP as Economic Secretary to the Treasury
• Rt Hon Edward Argar MP as a Minister of State in the Ministry of Justice
• Rt Hon Damian Hinds MP as a Minister of State in the Ministry of Justice
• Marcus Jones MP as Treasurer of His Majesty’s Household (Deputy Chief Whip)
• Rt Hon Graham Stuart MP re-appointed as a Minister of State (Minister for Climate) in the Department for Business, Energy and Industrial Strategy
• Mike Freer MP re-appointed as a Parliamentary Under Secretary of State in the Ministry of Justice
• Lee Rowley MP re-appointed as a Parliamentary Under Secretary of State in the Department for Levelling Up, Housing and Communities
• Neil O’Brien OBE MP re-appointed as a Parliamentary Under Secretary of State in the Department of Health and Social Care
• Rebecca Harris MP re-appointed as Comptroller of His Majesty’s Household (Government Whip)
• Jo Churchill MP re-appointed as Vice-Chamberlain of His Majesty’s Household (Government Whip)
• Nigel Huddleston MP re-appointed as a Government Whip (Lord Commissioner of HM Treasury)
• Tom Pursglove MP as a Minister of State in the Department for Work and Pensions
• Guy Opperman MP as a Minister of State in the Department for Work and Pensions
• Leo Docherty MP as a Parliamentary Under Secretary of State in the Foreign, Commonwealth and Development Office
• Kevin Hollinrake MP as a Parliamentary Under Secretary of State in the Department for Business, Energy and Industrial Strategy
• Laura Trott MBE MP as a Parliamentary Under Secretary of State in the Department for Work and Pensions
• Claire Coutinho MP as a Parliamentary Under Secretary of State in the Department for Education
• Rt Hon Stuart Andrew MP as a Parliamentary Under Secretary of State in the Department for Digital, Culture, Media and Sport, and a Parliamentary Under Secretary of State (Minister for Equalities) in the Department for International Trade
• Paul Scully MP as a Parliamentary Under Secretary of State in the Department for Digital, Culture, Media and Sport
• Rt Hon Andrew Stephenson MP as a Government Whip (Lord Commissioner of HM Treasury)
• Lee Rowley MP re-appointed as a Parliamentary Under Secretary of State in the Department for Levelling Up, Housing and Communities
• Neil O’Brien OBE MP re-appointed as a Parliamentary Under Secretary of State in the Department of Health and Social Care
• Rebecca Harris MP re-appointed as Comptroller of His Majesty’s Household (Government Whip)
• Jo Churchill MP re-appointed as Vice-Chamberlain of His Majesty’s Household (Government Whip)
• Nigel Huddleston MP re-appointed as a Government Whip (Lord Commissioner of HM Treasury)
• Huw Merriman MP as a Minister of State in the Department for Transport
• Sarah Dines MP as a Parliamentary Under Secretary of State in the Home Office
• Dr James Davies MP as a Parliamentary Under Secretary of State in the Wales Office
• Mims Davies MP as a Parliamentary Under Secretary of State in the Department for Work and Pensions
• Fay Jones MP as an Assistant Government Whip
• Julie Marson MP as an Assistant Government Whip
• Trudy Harrison MP re-appointed as a Parliamentary Under Secretary of State in the Department for Environment, Food and Rural Affairs
• Amanda Solloway MP re-appointed as a Government Whip (Lord Commissioner of HM Treasury)
• Stuart Anderson MP re-appointed as an Assistant Government Whip
• Jacob Young MP re-appointed as an Assistant Government Whip.
• David Rutley MP as a Parliamentary Under Secretary of State in the Foreign, Commonwealth and Development Office
• Alex Burghart MP as a Parliamentary Secretary in the Cabinet Office
• Maria Caulfield MP as a Parliamentary Under Secretary of State in the Department of Health and Social Care, and a Parliamentary Under Secretary of State (Minister for Women) in the Department for International Trade
• John Lamont MP as a Parliamentary Under Secretary of State in the Scotland Office
• Robert Largan MP as an Assistant Government Whip
• Dehenna Davison MP re-appointed as a Parliamentary Under Secretary of State in the Department for Levelling Up, Housing and Communities
• Joy Morrissey MP re-appointed as an Assistant Government Whip