The chancellor will stand down before the election as likelihood of defeat in new Surrey seat looms, senior Tories say

Jeremy Hunt is expected to stand down as an MP before the next election, according to senior Conservatives, who say the chancellor is aware he could suffer a “Michael Portillo” moment on polling day.

Hunt has already put himself forward and been selected for the new Surrey constituency of Godalming and Ash, after his South West Surrey seat was dissolved and split into two under boundary changes.

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