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UK Finance Minister Sajid Javid resigns

UNITED STATES (OBSERVATORY NEWS) — Sajid Javid has resigned from the post of Minister of Finance of Great Britain, reports the BBC.

Prime Minister Boris Johnson is rearranging cabinet ministers after Britain left the European Union last month. Javid’s departure was a surprise, as it was assumed that he would retain his post.

Javid resigned after he refused to fire all five of his advisers at Johnson’s request. However, he said that “no self-respecting minister” can accept such a condition, the BBC notes.

Javid has served as UK Treasury Secretary since July 2019. In March, he was due to present the UK budget, the first after Brexit.

It is expected that the place of Javid will take Rishi Sunak, writes The Guardian.

The 39-year-old Sunak, a former Goldman Sachs banker, is considered a rising star in the Conservative Party. In July, he was appointed Chief Secretary of the Treasury – this is the second most important post in the Ministry of Finance.

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