Jeremy Hunt replaces Boris Johnson as foreign secretary

10 July, 2018, 17:31 | Author: Wade Massey
  • Andrea Leadsom

Johnson had resigned, saying the Brexit "dream is dying, suffocated by needless self-doubt".

Brexit minister Steve Baker also left the Government, while Chris Green quit his position as an unpaid parliamentary aide at the Department for Transport.

With less than six months to go before a deal outlining the UK's withdrawal and future relationship with the EU must be reached, an "agreed solution" was still missing in action at the June European Council summit.

In the minutes after the news of Johnson's resignation, the pound dropped to around 1.3270 against the dollar, a fall of more than 0.3% from it's opening price on Monday. "With Brexit tensions now really coming to a head we can expect political uncertainty to drive the pound lower". "Mr Speaker, this is the right Brexit", she said to jeers from the opposition Labour Party.

May acted quickly to replace the ministers. May appointed staunchly pro-Brexit lawmaker Dominic Raab as the country's new Brexit secretary.

In Theresa May's latest Cabinet reshuffle, Matt Hancock replaces Jeremy Hunt as Health and Social Care Secretary, with Jeremy Wright replacing him as Digital, Culture, Media and Sport Secretary, Downing Street said. A longtime ally of May, he campaigned for remain but now says he supports Brexit.

His departure followed that of Brexit Secretary David Davis and several junior figures.

"It seems to me we're giving too much away, too easily, and that's a risky strategy at this time", Davis said in a BBC radio interview Monday morning.

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With Johnson's resignation, a noisy rebellion among the ranks could gather steam. The reaction from the Pound has seen this morning's gains completely wiped out, though any losses should be limited for the time being.

The former management consultant was an ardent backer of Remain during the 2016 European Union referendum, warning that Brexit could "harm the NHS".

But as Foreign Secretary in May's government, he was prone to gaffes and criticized for not being on top of his brief.

"He'd never have wanted to resign from one of the great offices of state".

In her statement to Parliament, May attempted to give an impression of business as usual.

"It is as though we are sending our vanguard into battle with the white flags fluttering above them", Johnson wrote in a letter that underscored his credentials as a champion of full-speed Brexit.

But in reality, she will be at the mercy of her party.

"What matters for GBP markets is the type of Brexit delivered - not who delivers".

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