Following the shock resignation of Chancellor Sajid Javid, a new chancellor has been appointed.
With just four weeks to go until the Budget, one of the main events in the calendar for the UK Treasury, Mr Javid has been replaced by new Chancellor Rishi Sunak.
So who is Mr Sunak, and what is his background?
Mr Sunak has been the Conservative MP for Richmond in Yorkshire since 2015. He lives in Kirby Sigston, just outside the town of Northallerton.
His father was a GP, and his mother was a pharmacist. They emigrated from India to the UK with Mr Sunak's grandparents.
