Published: Fri, February 14, 2020
Global News | By Blake Casey

United Kingdom finance minister Sajid Javid quits as PM Boris Johnson reshapes cabinet

United Kingdom finance minister Sajid Javid quits as PM Boris Johnson reshapes cabinet

Sajid Javid resigned as Chancellor on Thursday as Boris Johnson reshaped his Cabinet for the first time since the 2019 general election.

Boris Johnson ordered Mr Javid to fire his closest aides and replace them with advisers chosen by Number 10.

But investors piled into sterling in the hope Sunak - chief secretary to the Treasury and an ally of Number Ten - will deliver a more radical budget to kick-start the economy.

That victory allowed Johnson to take Britain out of the European Union last month, delivering on his key election promise.

Boris Johnson has been sacking ministers and appointing new ones in the first major government reshuffle since the Conservatives won the general election at the end of a year ago.

The pound initially dipped as reports filtered through that Sajid Javid had quit after being told to sack all his advisers and form a "team" with Number 10.

Newsnight is the BBC's flagship news and current affairs TV programme - with analysis, debate, exclusives, and robust interviews.

The City reacted with cautious optimism to the promotion of Rishi Sunak to the position of Chancellor of the Exchequer.

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Javid made the decision after he was pushed to sack all his special advisers.

Newcomers at the cabinet meeting on Friday will include Anne-Marie Trevelyan, who replaces Alok Sharma as worldwide development secretary; Amanda Milling, who is minister without portfolio and chairwoman of the Conservative Party; and Suella Braverman, who takes on the role of attorney general after the prime minister asked Mr Cox to step down.

Other ministers remaining in their posts include Work and Pensions Secretary Therese Coffey, Education Secretary Gavin Williamson, Housing Secretary Robert Jenrick, Transport Secretary Grant Shapps, Defence Secretary Ben Wallace, Scottish Secretary Alister Jack and Lords leader Baroness Evans of Bowes Park.

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

The government said Thursday that Alok Sharma, previously in charge of worldwide development, would become business secretary and also take charge of COP26.

Rishi Sunak, Alok Sharma, Brandon Lewis and George Eustice were all promoted in Boris Johnson's reshuffle.

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

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