British Finance Minister Sajid Javid resigns, reports say - CNBC

Britain's Chancellor of the Exchequer Sajid Javid attends a session during the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2020. REUTERS/Denis Balibouse

REUTERS/Denis Balibouse

Sajid Javid has reportedly resigned as the head of the U.K.'s finance ministry, according to multiple media reports, surprising financial markets and political pundits in the country.

He has served as finance minister (known as the Chancellor of the Exchequer in the U.K.) since July, when Boris Johnson was first appointed prime minister.

Javid was due to present Britain's budget in March, the U.K.'s first after its departure from the EU last month. The resignation comes as Johnson was making changes to his Cabinet on Thursday. The U.K.'s attorney general, Geoffrey Cox, has also resigned.

Media reports suggest that Javid was offered the chance to remain finance minister on the condition that he fires all of his advisors. He reportedly said no and opted to resign himself.

The U.K. left the European Union on January 31 and it is set to embark on intense trade negotiations with the other 27 EU countries over the coming months.

This is breaking news. Please check back for updates.

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https://news.google.com/__i/rss/rd/articles/CBMiXWh0dHBzOi8vd3d3LmNuYmMuY29tLzIwMjAvMDIvMTMvYnJpdGlzaC1maW5hbmNlLW1pbmlzdGVyLXNhamlkLWphdmlkLXJlc2lnbnMtcmVwb3J0cy1zYXkuaHRtbNIBYWh0dHBzOi8vd3d3LmNuYmMuY29tL2FtcC8yMDIwLzAyLzEzL2JyaXRpc2gtZmluYW5jZS1taW5pc3Rlci1zYWppZC1qYXZpZC1yZXNpZ25zLXJlcG9ydHMtc2F5Lmh0bWw?oc=5

2020-02-13 11:56:00Z
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