But he shows no signs of being ready to stand down. Last night, he reshuffled his ministerial team to fill vacancies created by the resignations.
Biden's Move to Lift Some China Tariffs Will Likely Be ‘Modest' in Short Term, Former Trade Negotiator Says
"Events could move very quickly, with a Conservative leadership contest potentially putting in place a new Prime Minister in the next couple of months or so – ahead of the party's annual conference in early October."fell to a new March 2020 low on Tuesday as the U.K.'s political instability played out. How markets react in the next few days will be closely watched.
"We're not going to see any snap election, they have to elect a new leader for that to happen, so I think the markets take some comfort in [the fact that] we're going to enter a period of some uncertainty but that uncertainty reflects the status quo, nothing will change in the economy or with policy," he told CNBC's"The latest political upheaval to hit the U.K.
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Huge blow for Boris Johnson as two senior UK government ministers resignTwo senior members of Boris Johnson's UK government resign, throwing his administration into turmoil after days mired in scandal
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Downing Street: Vice chair of UK Conservative Party resigns, calls for Boris Johnson to stand downThe vice-chair of the UK Conservative Party, Bim Afolami, has resigned and calls for Boris Johnson to stand down. This follows a series of earlier key
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2 key U.K. senior ministers quit Boris Johnson's governmentThe two ministers resigned after a day in which the prime minister acknowledged he had changed his story on how he handled sexual misconduct allegations against a government official.
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