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British finance minister Javid quits in reshuffle

British finance minister Javid quits in reshuffle”

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. The prime minister demanded that Javid fire all five of his most senior aides but the chancellor refused and quit, according to three people familiar with the matter.

And although he has taken the job at No11 thanks to the bombshell departure of Sajid Javid, few at Westminster doubted he would reach the top in the end. Today, the Prime Minister insisted to Sajid Javid that all he wanted was a Osborne/Cameron relationship but Mr Javid and his allies in the Treasury believed what was on offer from No. 10 was a very different (servant/master).

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

Johnson had asked Javid to fire and replace all of his special advisers, British media reported.

"The chancellor said no self-respecting minister would accept those terms", an unnamed source from the government was quoted by The Guardian as saying.

It is now understood No 10 and No 11 will have a new joint team of advisers, signalling the PM will have more control.

The sacking of Northern Ireland Secretary Julian Smith has been branded "disastrous" and a "WTF" moment.

Other casualties of Mr Johnson's reshuffle include Geoffrey Cox as United Kingdom attorney general, Theresa Villiers as environment secretary and Esther McVey as housing minister.

More news: Workers Return to Giga Shanghai After Shutdown Due to Coronavirus

Smith said it had been "the biggest privilege", adding that he was "extremely grateful" to Johnson for giving him the chance to serve.

Over the course of the day, Johnson sacked a number of his ministers.

Although female ministers were axed in the reshuffle, Downing Street indicated there would not be a reduction in the number of women around the Cabinet table.

Alok Sharma has been appointed as Business Secretary, and will also be the lead minister for the COP26 climate conference in Glasgow later this year.

Labour's Shadow Chancellor John McDonnell MP said: "This must be a historical record with the government in crisis after just over two months in power".

"He wants to promote a generation of talent that will be promoted further in the coming years".

"You have been such an effective secretary of state for Northern Ireland at a time of real challenge and risk", he wrote on Twitter.



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