Mei has been appointed as the new Minister of Finance of Britain’s ex-foreign Minister Hammond

Newly appointed Prime Minister of the UK Theresa may has appointed the former Minister of foreign Affairs of the Kingdom Philip Hammond Chancellor of the exchequer, reports “Bi-bi-si”.

Also, the service reports that Hammond’s predecessor in that post George Osborne officially resigned. Osborn headed the Ministry of Finance for the past six years.

Earlier Wednesday, Queen Elizabeth II accepted the resignation of David Cameron, and then met with the leader of the Conservative party may and asked her to form a new government.

After meeting with the Queen of may arrived at Downing street, the residence of the Prime Minister and delivered his first speech as head of the government.