Now Mark Carney sees a silver lining to Brexit February 14, 2020 Mark Carney has said there may be a silver lining to Brexit for the UK economy. Speaking to Reuters, the outgoing Bank of England governor said there are some potential upsides for the economy from Brexit, in marked contrast to some of his previous comments on the decision to leave the EU. “In an environment [...]
New-look cabinet to meet later after Sajid Javid’s shock exit February 14, 2020 Boris Johnson’s newly reshuffled cabinet will meet for the first time later today after the shock departure of chancellor Sajid Javid. His deputy, Rishi Sunak, is the new Treasury boss after Javid refused to sack his special advisers in order to keep his job. He said “no self-respecting minister” could agree to Prime Minister Boris [...]
Sajid Javid opts to go down with the ship February 14, 2020 Just under three months ago, Boris Johnson promised a room full of business leaders that Sajid Javid was guaranteed to remain in office as chancellor. He praised Javid and gave a “categorical” commitment to the CBI conference that he will remain in post. Yesterday, Javid was told that if he wanted to keep his job [...]
Javid launches parting shot over Treasury ‘impartiality’ February 13, 2020 Sajid Javid launched a parting shot at the Prime Minister yesterday after sensationally quitting as Chancellor, warning that Johnson and his aides were risking the “credibility” of the Treasury. Tensions between Number 10 and Number 11 dramatically came to a head during yesterday’s reshuffle, with Javid resigning in protest over plans to fire his advisers [...]
Cabinet reshuffle live: Chancellor resigns over turf war with No 10, as PM shakes up top team February 13, 2020 This is a live blog, please hit refresh to update 6pm – Live blog wrap Well, that’s your lot for today – at least, in terms of this live blog. My colleagues will be picking up on the rest of the appointments this evening and tomorrow. It was quite a day – certainly more of [...]
Javid: No self-respecting minister could accept PM’s conditions February 13, 2020 Sajid Javid has said he quit rather than accept conditions that “no self-respecting minister could”, following his surprise resignation as chancellor today. Simmering tensions between Downing Street and Treasury erupted into all-out warfare this morning, after he resigned in protest over plans to merge the two teams’ advisers. Despite run-ins with Boris Johnson’s chief adviser [...]
Pound pushes higher after chancellor reshuffle February 13, 2020 Sterling rallied this afternoon after the prime minister’s Cabinet reshuffle was thrown into disarray by the resignation of chancellor Sajid Javid. The pound fell against the dollar following Javid’s surprise departure, which came after the chancellor refused to fire two of his special advisers. But it swiftly bounced back to trade up 0.5 per cent [...]
Who is Rishi Sunak? What you need to know about the new chancellor February 13, 2020 Rishi Sunak has received a major promotion from the shock resignation of Sajid Javid as chancellor during today’s reshuffle – but who is he? The Richmond (Yorks) MP who until today was chief secretary to the Treasury has been in parliament for just over four years, but he has taken a well-trodden path to get [...]
Sajid Javid resigns as Downing Street turf war erupts February 13, 2020 Chancellor Sajid Javid has resigned as the turf war between the two Downing Street teams erupts, prompting the pound to briefly fall. Javid was thought to be personally safe as part of today’s reshuffle. However this morning he was asked to fire two of his special advisers Mats Persson and Sam Coates. The chancellor refused [...]
‘Turf war’ threatens Treasury as No 10 prepares for reshuffle February 12, 2020 Last minute preparations for a government reshuffle were ongoing last night ahead of an expected announcement tomorrow, with speculation that the Treasury’s ministerial team could be set for a shake-up. Rishi Sunak, second-in-command, is widely tipped for a promotion to a Cabinet post elsewhere in government after impressing No. 10. Sources have, however, suggested that [...]