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Cabinet drama ....breaking news! Boris’s reshuffle goes awry when Chancellor Jajid Javid resigns when told he could keep his job only if he sacked all his advisers! Remember that Dominic Cummings fired one of Javid’s key advisers in the first days of Boris becoming PM. Political analysts are interpreting this as Boris trying to completely control the Treasury and tie the Chancellor's hands. This is extraordinary only four weeks before the Budget. Watch this space....!

Marionville 10 Feb 13
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All double dutch to me. But then I lost interest when I was effectively blackballed for refusing to join Young Conservative's piss up instead preferring to watch Douglas Hume's life story on the BBC TV.

FrayedBear Level 9 Feb 13, 2020
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As at midnight (Europe time) the pound is worth 1€ 20.39cts.
Obviously the money markets are optimistic that fiscal discipline will be relaxed.
This hope is augmented by the fact that Mark "Carnage" is coming to the end of his contract at the Bank of England.

Petter Level 9 Feb 13, 2020

I don’t follow the money markets...doesn’t sound like a good thing in the long run to have No 10 in an unchallengeable position.

@Marionville There are plus and minus sides to it. However, if you take the value of the Pound against the Euro over the past 20 years and average it, the figures hover around the 1.20 mark.

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When Javid resigned, the pound dropped.
However, the sterling pound has risen 1% against the Euro in one day following news that Rishi Sunak has replaced him.

Petter Level 9 Feb 13, 2020
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Seems the Fascist are winning at any cost everywhere now!!!

Sadly.

@of-the-mountain: Tis but a skirmish, not even a battle, let alone the war. Time will tell.

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Rishi Sunak...appointed as new Chancellor! Yes..who’s he indeed...! MP for Richmond in Yorkshire, formerly the seat of William Hague. He’s been Chief Secretary to the Treasury since Javid became Chancellor. It’s widely seen as Number 10 annexing Number 11.

He appears to be even further to the right than his predecessor. A believer if free market capitalism

@Moravian He looks at Boris with such admiring eyes. A Yman indeed.

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Leadsom, amongst others, sacked. Good.

Petter Level 9 Feb 13, 2020
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That really is breaking news. I haven't watched the TV yet today, and haven't even checked any news websites.
I'm off to check on the latest developments!!

Petter Level 9 Feb 13, 2020
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