Sajid Javid resigns as chancellor amid reports of clash with PM

  • Sajid Javid resigns as chancellor amid reports of clash with PM

Sajid Javid resigns as chancellor amid reports of clash with PM

U.K. Treasury chief Sajid Javid resigned Monday, in a shock development on the day that Prime Minister Boris Johnson is shaking up his Conservative government.

The government announced that he would be replaced by Rishi Sunak, who was previously a deputy to Javid at the Treasury.

But the finance minister's resignation - which some commentators said might have been sought by Johnson's team - because of a dispute over Javid's advisers added to the picture that the prime minister will not tolerate dissent in his government.

In an interview in the wake of his decision to quit, he said: "no self respecting minister would accept the conditions offered by the prime minister". Johnson also has ambitious infrastructure plans including a 100 billion-pound ($130 billion) high-speed railway.

Paul Dales, chief United Kingdom economist at Capital Economic, said Javid had appeared reluctant to increase public borrowing to fund higher spending.

Britain and the European Union are aiming to have a deal covering trade, security and other areas in place by the time a post-Brexit transition period ends on December 31.

Johnson had not been expected to change the biggest-hitting posts in his government.

Other big-name casualties of the reshuffle include business secretary Andrea Leadsom and attorney general Geoffrey Cox.

Besides Javid's exit, perhaps the greatest surprise in the Cabinet reshuffle is the firing of Northern Ireland Secretary Julian Smith, who had success securing a deal to end a three-year suspension of the local government. Others were promoted, including Suella Braverman to the position of attorney general and Anne-Marie Trevelyan to the post of worldwide development secretary.

When it works, they look powerful.

Ultra-loyal Alok Sharma, a former minister for global development, was appointed as the new minister for business and also the head of the COP26 climate change summit in Scotland in November, due to be attended by world leaders. The summit, known as the 26th Conference of the Parties, or COP26, is scheduled to be held in Glasgow, Scotland, in November. The 51-year-old Alok Sharma has been appointed as the Business Secretary in the British Cabinet.