According to sources within the Government, Boris Johnson will resign today – although he may remain as PM until Autumn. A spokesperson for No.10 has said that the Prime Minister will make a statement to the country today.
This follows a raft of resignations including Rishi Sunak, Sajid Javid and Andrew Murrison among others. Newly instated Chancellor Nadhim Zahawi even explosively told the Prime Minister that “he must go now” after accepting the position.
Business leaders are expected to react on the matter after it happens, and we will report on that – if anything – the resignation will mean for businesses in the region. As of yet, a replacement PM has not been selected, though it has even been suggested that Theresa May could return as temporary (or interim) PM. Others have suggested Raab will make a more likely candidate.