Javid will be responsible for spending and economic policy in Johnson’s government. Javid, a former banker and ex-home secretary, is the first ethnic minority politician to hold the post of Chancellor of the Exchequer.
Formerly interior minister under Theresa May, 49-year-old Javid takes over at the British treasury from Philip Hammond, who has held the job since 2016. A former City of London banker whose father worked as bus driver after coming to Britain from Pakistan during the 1960s, he is considered a rising star within the Conservative party. He ran against Johnson in the leadership contest, but supported him once eliminated.