Suffolk MPs last night gave their reactions after Kwasi Kwarteng was sacked as chancellor of the exchequer after just 38 days in office.

His time in the role was not the shortest ever - that record still held by Iain Macleod, who held the position for 30 days in 1970.

Former health secretary Jeremy Hunt takes over the position, after being appointed by Prime Minister Liz Truss.

MP for Central Suffolk and North Ipswich, Dr Dan Poulter, backed Jeremy Hunt in the early stages of the leadership contest.

Dr Poulter said that Jeremy Hunt “brings considerable experience and economic credibility to the role of chancellor, which will help bring greater stability to the economy during these times of global economic turmoil, and protect jobs here in Suffolk and elsewhere in the country”.

Waveney MP, Peter Aldous, said: "Jeremy was someone who I did vote for in the first round of this leadership contest because I felt he was an experienced person.

“He is level-headed and someone who should be back in government. While I was disappointed, he didn't progress further, I still hold those sentiments and I am pleased with his appointment.

“Kwasi is someone who I have known as a colleague for 12 years. He was a very good energy minister and then secretary for state.

“He had a clear understanding and was supportive of the measures we were trying to do here to promote energy on and off-shore. I have an awful lot of respect of him.

“As chancellor, he made a grave error in proceeding with his statement three weeks ago. There wasn't a need to do that at that stage. It would have been far better to go into detail and take stock from advisors, then come out with a measured, responsible plan this week or next.

“I think it was rushed and not clearly thought through."

Suffolk Coastal MP, Therese Coffey, the health secretary and deputy PM, said: "The Prime Minister is right to act now to ensure our country's economic stability, which is key for families and businesses in our area.

"She has acted to reassure the markets of our fiscal discipline, especially in light of the worsening global economic conditions with Putin’s illegal invasion of Ukraine."

All Suffolk's MPs have been approached for comment.

Harwich and North Essex MP Sir Bernard Jenkin supported the PM’s appointment of Jeremy Hunt as Chancellor and added replacing Liz Truss would damage the financial markets further.

He said: “The Government is right to try to stabilise the present volatility in the financial markets, and the appointment of Jeremy Hunt as Chancellor is a wise choice.

“We must now be calm and wait to see how things develop over the next days, weeks and months.

“Rash talk of ditching the PM, or calls for a General Election, will not calm the financial markets.”

Braintree MP James Cleverly, who is also Foreign Secretary, had already made clear his support for the PM, telling the BBC that replacing Truss would be “disastrous” for the Government.

Colchester MP Will Quince, who backed Rishi Sunak in the Conservative leadership election, and Clacton MP Giles Watling made no comment.