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    Jul 15, 2016

    Johnson is Foreign Secretary in new British Cabinet


    NEW British Prime Minister Theresa May announced a mixture of Europhiles and Eurosceptics to her Cabinet's top jobs yesterday, a move widely seen as conducive to bringing stability to the country following the shocking referendum result last month that decided Britain would leave the European Union (EU).

    European stocks rallied yesterday following the first few key appointments by Mrs May while investors grew more confident that central banks globally would ease money supply.

    Philip Hammond, 60, who previously held the foreign portfolio, is now responsible for steering Britain's economy through choppy waters as the country embarks on its exit from the EU.

    The new Chancellor of the Exchequer said yesterday he would do whatever is necessary to restore confidence in the economy, suggesting a less aggressive approach to bringing down the budget deficit, Reuters reported.

    His predecessor, George Osborne, had aimed to turn Britain's budget from a deficit into a surplus by 2020.

    Boris Johnson, 52, who headed the campaign for leaving the EU, was made Foreign Secretary, drawing jeers from some media outlets as they recounted the many gaffes he had made, especially when he was mayor of London.

    The Daily Mirror said the kingdom's credibility was left "hanging by a thread" by making him Britain's top diplomat.

    However, Mr Johnson, who has criticised United States President Barack Obama, apparently knows his brief.

    He told US counterpart John Kelly on the phone yesterday that the two countries' relationship is "as essential as ever".

    The exit from the EU is not to be managed by Mr Johnson, as there would be a new department devoted to negotiating with Europe on the departure, which is to be headed by 67-year-old David Davis.

    Meanwhile, Michael Fallon, 64, retained his job at the Ministry of Defence - a position he has held since 2014.

    One surprise promotion is Amber Rudd, 52, who is made Home Secretary, filling the vacancy left by Mrs May.

    Two other confirmed female ministers are Justine Greening, 47, for education and equalities, and Liz Truss, 40, for justice, the Guardian reported.

    Ms Truss replaced Michael Gove, who was one of the leading figures in the "leave the EU" campaign.

    In her first speech as Prime Minister outside 10 Downing Street late on Wednesday, Mrs May vowed to lead a government that works for all, not just the "privileged few".