UK finance minister Hammond to resign on Wednesday over no-deal Brexit

LONDON: Britain's finance minister Philip Hammond said on Sunday that he would resign on Wednesday before his expected sacking by the favourite to become Britain's next prime minister, Boris Johnson.

Johnson is widely expected to win the governing, centre-right Conservative Party's leadership contest on Tuesday and be named prime minister once Theresa May resigns the premiership on Wednesday. But the fact that the second-most senior figure in the government is making a point of resigning rather than wait to be moved on in the incoming prime minister's reshuffle is a significant gesture - and an indicator of the opposition Johnson could face in pursuing his Brexit strategy.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China opens up finance sector to more foreign investmentBEIJING: China lifted some restrictions on foreign investment in the financial sector Saturday (Jul 20), as the world's second largest economy ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Politics and finance dog EU climate zero effortsMomentum is growing across Europe toward a mid-century target for climate neutrality that UN scientists say the world must embrace to avert ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »