UK Government Crisis Deepens As Boris Johnson Resigns, Pound Tumbles

The UK government crisis that was unleashed on PM Theresa May's cabinet last night when Brexit minister David Davis resigned, has just escalated following the resignation of foreign minister Boris Johnson. While BoJo was speculated to be unhappy with May's deal, many suggested that he was willing to fall in line; however events over the past 24 hours changed his mind.

Theresa May promptly accepted Johnson's resignation with the following brief statement:

"This afternoon, the Prime Minister accepted the resignation of Boris Johnson as Foreign Secretary. His replacement will be announced shortly. The Prime Minister thanks Boris for his work'"

Johnson's resignation increases the chances that May will now face a leadership challenge over her Brexit policy.

As Bloomberg adds, "resignations traditionally unleash leadership challenges in the U.K. Davis’s prompted pro-Brexit lawmakers to demand May rip up her proposals, but they didn’t call for her to go. That’s partly because they can’t be sure they have the numbers needed to be sure of defeating her. But Johnson’s exit could embolden others."

As a reminder, late on Friday, May pushed her Cabinet late on Friday into a Brexit plan that many had misgivings about.

Initially, it looked like she had managed to get away with pushing for the Brexit that buinesses wanted - as soft as possible with close ties to the bloc. Then everything changes when Brexit minister David Davis resigned and took his deputy with him. Now Boris has joined them.

As Bloomberg 's Tim Ross notes, "Johnson has been worried for months that May is taking too long to negotiate Brexit. She told him to trust her, but the direction of her policy -- towards an ever softer split -- meant that he always wanted proof that he could."

It looks like the plan she unveiled last week at Chequers eventually proved too much. And perhaps he was encouraged to jump by the fact that his colleague David Davis did so first.

More importantly, now that the most prominent pro-Brexit names have fled, May's support appears to be crumbling among the conservatives.

At least one person was delighted by the latest news: the original Brexiteer, Nigel Farage, the former U.K. Independence Party Leader, who congratulated Johnson on quitting, adding that now is the time to topple Theresa May:

Meanwhile, as Reuters' Jamie McGeever writes, the "odds of 2018 UK election slashed to 6/4 from 5/1, and Theresa May now 2/1 to go this week"

As for who may replace Theresa May, according to the latest YouGov results, Jacob Rees Mogg is the most likely replacement, with Sajid Javid and Ruth Davidson came joint second.

As a result of the ongoing chaos, pound has slid, erasing all overnight gains amid fears that Theresa May will now see a vote of no confidence, one which could result in a new government.  

And an even bigger drop in cable:

Comments

macholatte Putrid_Scum Mon, 07/09/2018 - 10:11 Permalink

 

May is lost.

If memory serves, May was one of the leaders of the “Remain” group and fought Brexit.  How she ended up as the leader of the “Leave” group was some real slight-of-hand.  Me thinks she has been lying to her subjects since she became PM and working to string out the Brexit negotiations for as long as possible.  She’s a disaster for the Sheeple and just another tool of the EU Aristocracy. She needs to go away.

 

In reply to by Putrid_Scum

CuttingEdge Dindu Nuffins Mon, 07/09/2018 - 11:17 Permalink

You know like in the USA Obumfuck will take a lot of beating as the worst president in history? That ring a chord?

 

Well, Brits had the same idea about Gordon Brown. Unsurpassably incompetent springs to mind. It would take someone seriously fucked in the head to even get close to his altitude of ineptitude.

 

However.

 

Gordon only sold off our gold reserves. He didn't sell his countrymen down the river (though he'd have fucked the English over given the opportunity, nasty diseased north of the border cunt that he was).

 

You, Mrs May, have moved the bar to a whole new level. You are a fucking disgrace to the country and it's people the like of which makes William Joyce look a radiant Anglophile. And he wasn't even British.

An embarrassment to the office you hold, you are a sordid shitstain on the history of the United Kingdom whose stench will take decades to irradicate.

 

Now fuck off into irrelevancy, you contemptible discarded cunt-rag.

In reply to by Dindu Nuffins

Yog Soggoth pods Mon, 07/09/2018 - 15:01 Permalink

Same group as those resigning in the USA.  They must get their affairs in order, and start looking after their own best interests. Ever see those pictures of Boris and Lord Jenner? How about the one with Jacob Rothchild? Remember Boris saying that there is a pedophilia craze that is sweeping the country, so as to make male teachers not want to do their job? 

In reply to by pods

Md4 CuttingEdge Mon, 07/09/2018 - 13:13 Permalink

Disturbingly, it’s been reported that, now former-minister, Davis claimed the Brits didn’t want a change in the government at this time, despite the ass dragging on the Brexit process.

Reportedly, it’s why he was thought to be “going along” with May’s Checkers plan...

If the Brits want out of the EU, and actually want Brexit completed...

...then, rise en masse (for a change), and demand it!

A change in government is essential if that’s going to happen, as it is clear, May is trying to diminish and circumvent the message of the Brexit vote.

You can then begin the process of reclaiming your polity by ending wanton and destructive immigration, and oust the troublemaking recent arrivals.

Now is the time to act.

Reckon, also, that the EU is a dying man, and that no concern should attend any threat of future, punitive relationships with the UK once a full divorce is finalized.

Neither the EU, nor Britain’s marriage to it, should ever have happened.

Whatever the rest of Europe does, this is your moment to act for yourselves.

Don’t squander it.

You may follow our lead, if you wish...

In reply to by CuttingEdge

Jo A-S Dindu Nuffins Mon, 07/09/2018 - 11:29 Permalink

Davidson is another REMAINer.  Don't want her.  Johnson is a fence-sitter.  He was in 2016 and still is.  The problem with Rees-Mogg is that he LOOKS public school. In this age, even more so than the Kennedy era, people vote for someone who can look the part...... And opposition will use that against him.  BUT, he is the best Tories have got.

In reply to by Dindu Nuffins

CuttingEdge Jo A-S Mon, 07/09/2018 - 12:43 Permalink

If Reece Mogg offers the 17.4 million who voted for Brexit a no-deal scenario, the vast majority of them would support him. They just want to get the fuck out of Dodge, and fuck the naysayers who think the UK has no future as an independent nation.

 

Trying to find more than a handful of politicians with the balls and competence to grasp the mantle, and do the driving, will be the problem.

Mogg would be a good starting place.

 

 

In reply to by Jo A-S

SDShack MonsterSchmuck Mon, 07/09/2018 - 13:49 Permalink

Yep, as soon as Brexit kept being dragged out, I've said for months that some major player in the EU is going to have to go Full Iceland, and then the whole thing collapses. May has been exposed as a total sell-out as feared. Looks like it will be up to Italy to blow up the EU. Stupid EU fucks in Greece, Cyprus, Spain, Portugal, Britain, Italy, etc. need to learn you can't be half-pregnant. Only way out of debt slavery is Full Iceland.

In reply to by MonsterSchmuck

waspwench SDShack Mon, 07/09/2018 - 16:20 Permalink

Why cannot the Visegrad Group and Italy and Austria join together to deal with Germany/Bruxelles?    The EU and the Euro is a house of cards. 

Germany is owed so much money by other EU countries and it can never be repaid.   They can only purchase German goods if Germany continues to subsidise them.   Paying people to buy your products cannot continue forever.   Germany is over a barrel.

In reply to by SDShack

Kefeer IridiumRebel Mon, 07/09/2018 - 12:24 Permalink

Soros has a very little amount of time left in his working with Satan - he may only have a few months left. 

Prepare yourselves to meet the Lord who created you, for all will taste death's sting.  If you are a creature, and you are, living in a creation, and you do, then you have a Creator.  Law of Cause & Effect where God is the first cause with certain singular attributes that the "First Cause" must have - one being the author of life.

Want to know just how well you are known and loved? Psalm 139

In reply to by IridiumRebel