Resignations Quake UK’s 10 Downing Street

UK political Tory resignations are dropping like rain because of widespread feeling of incompetence on the part of the Prime Minister Boris Johnson. So far, the pound is holding up after the initial 12 pip move to the downside vs the US dollar.

The first was the British Health Secretary Sajid Javid who resigned from Prime Minister Boris Johnson’s government on Tuesday according to his official statement. After that, news and tweets said that the UK’s Finance Minister Rishi Sunak resigned.

The British public “expects the government to be conducted properly, competently and seriously. I recognize this may be my last ministerial job, but I believe these standards are worth fighting for and that is why I am resigning,” Sunak tweeted.

Sunak also appeared to confirm rumours of tensions between the council of ministers and Her Majesty Treasury, saying in a letter to Johnson: ‘On those occasions where I have disagreed with you privately, I have supported you publicly.’ Sunak said their approaches were ‘fundamentally too different’ and ‘we cannot continue like this’.

After the resignation of two cabinet ministers in one evening, the prime minister is facing a grave situation. Johnson had appeared in front of broadcasters and admitted he made a “mistake” in appointing Chris Pincher as deputy chief whip. Meanwhile, the deputy MP stands by Johnson. Dominic Raab will not resign.

Liz Truss is 100% behind the Prime Minister also, the foreign secretary has said. UK’s Boris Johnson says ”it seemed to me that it was ‘reasonable grounds’ for Pincher to continue in his post after a complaint was raised, but in retrospect that was the wrong decision.”