Is foreign secretary Philip Hammond set to be named the UK's new chancellor?

Mark Sands
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Ministers Attend David Cameron's Last Cabinet Meeting
Philip Hammond has been foreign secretary since July 2014. (Source: Getty)

Foreign secretary Philip Hammond is emerging as a frontrunner to become the new chancellor in Theresa May's first cabinet.

May is expected to name her top team in the coming days, and Hammond has been widely named as the likely inheritor of one of the government's most senior roles.

According to ITV political editor Robert Peston, Hammond will be made chancellor, while energy secretary Amber Rudd is to be named home secretary.

It means that two of the UK's most senior posts will be held by prominent Remain campaigners, both of whom backed May in the leadership campaign.

Read More: MPs call on May to name cabinet before next week's Summer recess

Other names linked the role of chancellor include business secretary Sajid Javid and leader of the house of commons Chris Grayling.

A Downing Street spokesman declined to comment.

An appointment to the Treasury would cap a steady rise for Hammond, who has led the foreign office for two years, but held frontbench and shadow frontbench roles consistently since his election in 1997.

Philip Hammond's Westminster CV

Foreign secretary (Jul 2014 - )

Defence secretary (Oct 2011 - Jul 2014)

Transport secretary (May 2010 - Oct 2011)

Shadow chief secretary to the Treasury (Jul 2007 - May 2010)

Shadow work and pensions secretary (Dec 2005 - Jul 2007)

Shadow chief secretary to the treasury (May 2005 - Dec 2005)

Shadow minister - communities and local government (May 2002 - May 2005)

Shadow spokesperson - trade and industry (Sep 2001 - May 2002)

Shadow spokesperson - Health (Jun 1998 - Sep 2001)

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