Dominic Cummings expert reveals the power struggle behind Sajid Javid's resignation

  • Dominic Cummings expert reveals the power struggle behind Sajid Javid's resignation

Dominic Cummings expert reveals the power struggle behind Sajid Javid's resignation

The government has yet to confirm if incoming Chancellor Rishi Sunak will continue with existing plans to unveil a Budget on 11 March - or if he'll stick to his predecessor's rules on borrowing.

The Prime Minister's decision to give Number 10 more oversight over the Treasury has been defended by Communities Secretary Robert Jenrick.

According to reports, the move marked the climax in a power-struggle between Javid and Boris Johnson's chief advisor Dominic Cummings, with the Chancellor reportedly nicknamed "CHINO" - "Chancellor in name only" by Cummings and his allies.

Shadow Chancellor John McDonnell said Mr Javid's resignation had left the Government in crisis. I know Rishi Sunak well and he is one of the most talented people in politics today.

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Paul Dales, chief United Kingdom economist at Capital Economics, said: 'The unexpected resignation of Sajid Javid and the promotion of Rishi Sunak could mean that fiscal policy will provide an even bigger boost to GDP growth over the next few years than we already expected.

He said Javid's departure should "allow the government to push through even bigger increases in public investment and perhaps resuscitate tax cuts that previously looked dead in the water". Within minutes it fell to $1.296, before surging as high as $1.3069. His resignation shakes the government as it faces the challenge of negotiating a new relationship with the 27-country European Union by Johnson's self-imposed deadline of the end of 2020. Foreign Secretary Dominic Raab, Home Secretary Priti Patel, and Cabinet Office Minister Michael Gove were among those staying in post.

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He was joined by business minister Andrea Leadsom and environment minister Theresa Villiers.

Johnson appointed Brandon Lewis as Smith's replacement.

Julian Smith was also sacked as Northern Ireland Secretary - weeks after he brokered the deal that restored the power-sharing administration in Stormont.

"The move seems created to allow the government to push through even bigger increases in public investment and perhaps resuscitate tax cuts that previously looked dead in the water", he said. The summit, known as the 26th Conference of the Parties, or COP26, is scheduled to be held in Glasgow in November.

The chancellor of the Exchequer said he had "no option but to resign" after Johnson offered to keep him on but only if he got rid of all his political advisers.

He was Parliamentary Under-Secretary of State for Local Government in the Theresa May government.