Monday, 06 April, 2020


British finance minister Sajid Javid quits in cabinet reshuffle upset

Meet Rishi Sunak Britain's fast-track finance minister British finance minister Sajid Javid quits in cabinet reshuffle upset
Bennie Garza | 13 February, 2020, 17:22

The pound rose on the news as expectations grew of a greater spending boost in next month's budget, after apparent rifts between Johnson's team and Javid over loosening the purse strings.

Javid's resignation follows reports he had clashed with Johnson's powerful adviser, Dominic Cummings.

Javid resigned on Thursday, 13 February, after the Prime Minister asked him to sack all his advisers. "One of the reasons for the fallout has been reportedly that Javid was much more conservative on fiscal policy", Jane Foley, an analyst at Rabobank said.

"The Queen has been graciously pleased to approve the appointment of Rt Hon Rishi Sunak as Chancellor of the Exchequer", Downing Street said in the official announcement.

The chancellor said no self-respecting minister would accept those terms.

"The prime minister said he had to fire all his special advisers and replace them with No 10 special advisers to make it one team". They maybe thought, since he'd done everything so far, 'we now think these advisers are spinning against us, against Number 10.

Rishi Sunak, chief secretary to the Treasury, has been appointed the new chancellor.

"Serving the people of Northern Ireland has been the greatest privilege", he tweeted.

The Cabinet reshuffle saw the departure of key Brexiteer politicians from the frontbench, including Business Secretary Andrea Leadsom and Environment Secreatry Theresa Villiers.

Johnson had not been expected to change the biggest-hitting posts in his government, but most saw even the smallest changes lower down the order as a sign that he wanted to tighten his grip on power.

Other senior ministers axed by Boris Johnson included Geoffrey Cox from his post as Attorney General and Esther McVey as housing minister.

Labour shadow chancellor John McDonnell claimed it must be a "historical record" just two months after Johnson's re-election.

Despite the praise he received for his role in returning devolved government at Stormont, he had previously been earmarked as disloyal to Mr Johnson over Brexit. He was Parliamentary Under-Secretary of State for Local Government in the Theresa May government.

Javid served as home secretary in the May government and was among the final four candidates in the leadership contest to succeed her, won by Johnson in June.

Foreign secretary Dominic Raab, de-facto deputy prime minister Michael Gove, and meanwhile, will keep their current positions.

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