New British PM names key ministers Osborne, Hague

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Conservative finance spokesman George Osborne will be Chancellor of the Exchequer in Britain's new government and ex-party leader William Hague will be foreign secretary, the party confirmed Tuesday.

Osborne, 38, a close friend of new Conservative Prime Minister David Cameron, has dealt with finance issues for his party since 2005 and will take charge of steering Britain's recovery from recession.

He is bright and politically savvy although he has spent his entire career in politics and some in the financial sector have expressed concerns about his relative inexperience.

Hague, who led the Conservatives between 1997 and 2001, was appointed his party's foreign affairs spokesman in 2005 and will be named foreign secretary in the new Conservative-Liberal Democrat coalition government.

Famously eurosceptic, the 49-year-old has toned down his rhetoric in the post and says he believes Britain can work together with the European Union.

© 2010 AFP

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