Truss Cabinet Takes Shape as Kwarteng Lines Up UK Treasury Team
- Foreign secretary tipped to win race to succeed Boris Johnson
- Kwarteng, Truss, plan changes to Treasury team, people say
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Kwasi Kwarteng is in advanced talks over who would be in his Treasury team in anticipation that Liz Truss will become UK prime minister next week and name the business secretary as her Chancellor of the Exchequer.
Truss, the foreign secretary, has held a consistently wide lead over her rival Rishi Sunak in polling of Conservative members ahead of the party’s announcement of the winner on Monday. Her long-term ally Kwarteng is seen as a shoo-in to be the new chancellor, according to people familiar with Truss’s thinking. The two are considering replacing experienced Treasury Permanent Secretary Tom Scholar, one person familiar said.