Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » World
1-min read

UK Finance Minister to Quit if Boris Johnson Becomes PM

Finance minister Philip Hammond has become an increasingly fierce critic of Johnson's Brexit strategy — leaving the European Union with or without a deal on October 31 — and would never have expected to remain as chancellor of the Exchequer in a Johnson government.

AFP

Updated:July 21, 2019, 4:48 PM IST
facebookTwitterskypewhatsapp
UK Finance Minister to Quit if Boris Johnson Becomes PM
File photo of Britain's finance minister Philip Hammond (REUTERS)
Loading...

London: British finance minister Philip Hammond said on Sunday he would make a point of resigning before Boris Johnson became prime minister, saying he could never agree to his Brexit strategy.

Johnson is widely expected to win the governing, centre-right Conservative Party's leadership contest on Tuesday and be named as prime minister once Theresa May resigns the premiership on Wednesday.

Hammond has become an increasingly fierce critic of Johnson's Brexit strategy — leaving the European Union with or without a deal on October 31 — and would never have expected to remain as chancellor of the Exchequer in a Johnson government.

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.

"I'm sure I'm not going to be sacked because I'm going to resign before we get to that point," Hammond told BBC television.

"Assuming that Boris Johnson becomes the next prime minister, I understand that his conditions for serving in his government would include accepting a no-deal exit on the 31st of October.

"That is not something that I could ever sign up to. It's very important that the prime minister is able to have a chancellor who is closely aligned with him in terms of policy, and I therefore intend to resign to Theresa May before she goes to the palace to tender her own resignation on Wednesday."

May will head to Buckingham Palace in London on Wednesday to see Queen Elizabeth II, the head of state, and relinquish her office.

Johnson's rival for the premiership is Foreign Secretary Jeremy Hunt, who has said that Britain should prepare for a no-deal Brexit if a deal seems unlikely by the end of September.

Hunt would be prepared to delay Britain's departure date if a deal seemed within reach but is also prepared to take Britain out of the EU without a divorce deal.

Hunt has not said who he wants running the Treasury should he win the leadership contest.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results