U.K.'s Boris Johnson fires cabinet member Michael Gove
Leon Neal/Getty Images News
- U.K. Prime Minister Boris Johnson, who survived a no-confidence vote last month, has ousted one of his key cabinet members, Secretary Michael Gove, adding to a string of high-level government officials exiting, Bloomberg reported, citing a U.K. government official.
- Gove was Levelling Up, Housing and Communities secretary, a position that was intended to address wealth and opportunity disparity in the U.K., and was a defining issue of the Johnson government. The cabinet member reportedly told Johnson that the prime minister's time was up.
- The British pound has weakened 0.3% against the U.S. dollar on Wednesday at $1.192 and has lost 1.6% against the greenback in the past five days.
- Johnson has told Cabinet members that he won't quit, Bloomberg said.
- Gove's dismissal comes a day after U.K. Chancellor of the Exchequer Rishi Sunak handed in his resignation; later that day, Johnson named Nadhim Zahawi to succeed Sunak.
- Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion.
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Comments (4)
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Why_is_my_portfolio_red
06 Jul. 2022
I've never fired one of my cabinet members. -K J Un
D
Drumboy
06 Jul. 2022
Micheal Gove states the move was political. . . he's from the right, you know. . .
m

Harry Polizzi
06 Jul. 2022
@mog123 See the Queen or be the Queen?Harry