Sajid Javid has been named the new Chancellor of the Exchequer - and has declared that the country has "incredible opportunities" ahead.
The Bromsgrove MP was appointed to Number 11 on a night when new PM Boris Johnson wielded the axe as he began forming a Cabinet to help him meet his vow to leave the EU by October 31.
Rochdale-born Mr Javid was Home Secretary under Theresa May and had stood against Mr Johnson and Jeremy Hunt in the Conservative leadership contest.
He succeeds Philip Hammond, who resigned earlier in the day. And he will now have to help Mr Johnson prepare for Brexit while finding money for schools, hospitals and infrastructure projects.
Tonight on Twitter Mr Javid said: "Deeply honoured to be appointed Chancellor by PM @BorisJohnson. Looking forward to working with @hmtreasury to prepare for leaving the EU, unifying our country and priming our economy for the incredible opportunities that lie ahead."
Mr Javid is a former managing director at Deutsche Bank and was reportedly ambitious to become Chancellor. He is the son of a bus driver whose father came to the 海角视频 from Pakistan in the 1960s with just a pound in his pocket.
After he was knocked out of the Tory leadership contest, Mr Javid said: "Work hard, have faith in your abilities, and don't let anyone try and cut you down to size or say you aren't a big enough figure to aim high.
"You have as much right as anyone to a seat at the top table, to be ambitious for yourself, and to make your voice heard."
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Meanwhile Andrea Leadsom was appointed Business Secretary, having formerly held the energy brief in the department, prior to her failed leadership bid against Mrs May in 2016.
Earlier, Mr Johnson said the country needed to be ready to take advantage of Brexit.
He said: "With high hearts and growing confidence we will now accelerate the work of getting ready.
"And the ports will be ready and the banks will be ready and the factories will be ready and business will be ready and the hospitals will be ready and our amazing food and farming sector will be ready and waiting to continue selling ever more, not just here but around the world."
And in his upbeat address outside No 10, Mr Johnson added: "And don't forget that in the event of a no-deal outcome we will have that extra lubrication of the £39 billion and whatever deal we do we will prepare this autumn for an economic package to boost British business and to lengthen this country's lead as the number one destination in this continent for overseas investment."
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Priti Patel was named Home Secretary while Dominic Raab was appointed Foreign Secretary and First Secretary of State - in effect the deputy Prime Minister.
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Norfolk MP Liz Truss has been appointed to the crucial role of International Trade Secretary.
She tweeted: "Excellent appointments for the Great Offices of State. @sajidjavid, @patel4witham and @DominicRaab all modern, positive, free-enterprise Conservatives."