Boris Johnson finally steps down as UK PM after mass resignations

News Network
July 7, 2022

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London, July 7: Boris Johnson resigned on Thursday as leader of Britain's Conservative party, paving the way for the selection of a new prime minister after dozens of ministers quit his scandal-hit government.

"It is clearly the will of the parliamentary Conservative party that there should be a new leader of that party, and therefore a new prime minister," Johnson said outside 10 Downing Street.

Johnson, 58, announced that he would step down after a slew of resignations from his top team in protest at his leadership but would stay on as prime minister until a replacement is found.

The timetable for a Tory leadership race will be announced next week, he said, after three tumultuous years in office defined by Brexit, the Covid pandemic and non-stop controversy over his reputation for mendacity.

The leadership election will take place over the summer and the victor will replace Johnson by the party's annual conference in early October, the BBC and others reported.

He said he was "sad... to be giving up the best job in the world" and justified fighting on in the final hours to deliver the mandate he won in a general election in December 2019.

In the frenzied hours building up to Johnson's announcement, opposition Labour leader Keir Starmer had welcomed his impending departure.

But Starmer said "a proper change of government" was needed and demanded a no-confidence vote in parliament, potentially triggering a general election, rather than Johnson "clinging on for months and months".

Even while eyeing the exit, Johnson on Thursday sought to steady the ship with several appointments to replace the departed cabinet members.

They included Greg Clark, an arch "remainer" opposed to Britain's divorce from the European Union, which Johnson had championed.

Johnson had been clinging on to power despite a wave of more than 50 government resignations, expressing defiance late Wednesday.

But Thursday's departure of education minister Michelle Donelan and a plea to quit from finance minister Nadhim Zahawi, only in their jobs for two days, appeared to tip the balance along with warnings of a new no-confidence vote by Tory MPs.

Defence minister Ben Wallace and Rishi Sunak, whose departure as finance minister on Tuesday sparked the exodus, were among the early frontrunners to succeed Johnson, according to a YouGov survey of Conservative party members.

Those members will decide the new leader once Tory MPs have whittled down the contenders to a final two.

Northern Ireland minister Brandon Lewis kicked off Thursday's frenzied events, becoming the fourth cabinet minister to resign and writing that Johnson was "past the point of no return".

Johnson late on Wednesday defiantly responded to calls from his loyalists and cabinet colleagues to step down by sacking minister Michael Gove, with a Downing Street source telling media that his former Brexit top ally was a "snake".

The Sun newspaper said Johnson had told colleagues they would have to "dip (their) hands in blood" to push him out of office, but Thursday's events forced his hand.

The shock resignations of Sunak and Health Secretary Sajid Javid late Tuesday set off a chain of others.

They quit after Johnson apologised for his February appointment of senior Conservative MP Chris Pincher as deputy chief whip.

Pincher was forced to step down following accusations he drunkenly groped two men.

Days of shifting explanations followed the resignation, before Downing Street finally conceded that Johnson had known about Pincher's behaviour as far back as 2019.

Tory critics said the Pincher affair had tipped many over the edge, angry at having to defend what they saw as more lies by Johnson over his appointment of what Starmer called a "sexual predator".

Johnson was confronted by members of his cabinet on Wednesday when he returned to Downing Street from a lengthy grilling by a parliamentary committee.

The delegation was said to include hardline interior minister Priti Patel.

Attorney General Suella Braverman told ITV that while she would not resign, "the balance has tipped now in favour of saying... it's time to go".

She became the first Tory to say she would stand in a leadership contest but is a rank outsider according to bookmakers.

A culture of scandal has dogged Johnson for months, including lockdown-breaking parties in Downing Street.

The prime minister, who received a police fine for the Covid lockdown-breaking "Partygate" affair, faces a parliamentary probe into whether he lied to MPs about the revelations.

He only narrowly survived a no-confidence vote among Conservative MPs a month ago, which ordinarily would mean he could not be challenged again for another year.

But the influential "1922 Committee" of non-ministerial Tory MPs is reportedly seeking to change the rules, with its executive committee planning to elect a fresh line-up of members next week.

In parliament on Wednesday, Johnson vowed to carry on, insisting the country needed "stable government".

But addressing MPs, Javid urged other ministers to resign.

"The problem starts at the top, and I believe that is not going to change," he told a hushed House of Commons.

Cries of "bye, Boris" echoed around the chamber at the end of his speech. 

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News Network
November 21,2024

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Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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News Network
November 15,2024

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Iran’s Islamic Revolution Guards Corps (IRGC) has killed or captured 69 terrorists linked to the Israeli spy agency Mossad during a major counterterrorism drill in the country's southeast, its spokesman says.  

General Ahmad Shafaei, the spokesman for the “Martyrs of Security” drill, said Friday that a total of 23 terrorists have been killed and another 46 arrested in various clean-up operations ever since the IRGC Ground Force launched it in the Sistan and Baluchestan province on November 1.

Seven terrorists have also turned themselves in during the period.

“The undeniable fact about terrorists is that they rely on arrogant powers, particularly the intelligence service of the wicked and vicious Zionist regime," Shafaei said.

“Unfortunately, weapons and munitions at terrorists’ disposal are among the most sophisticated ones in the world. This accounts for their heavy dependence.” 

The official stated that several members of the disbanded terror teams were non-Iranian nationals, who had been hired by foreign intelligence agencies to carry out acts of sabotage and terror inside Iran.

In a most recent operation, six terrorists were arrested and four others were eliminated, three of whom were non-Iranians, he added. 

On October 26, ten members of Iran's law enforcement forces were killed in a terrorist attack in the Gohar Kuh district of Taftan in the Sistan and Baluchestan province.

The so-called Jaish al-Adl terrorist group claimed responsibility for the assault, which was one of the deadliest in the province in recent months.

The group has carried out numerous terrorist attacks in Iran, primarily in Sistan and Baluchestan.

Its tactics include the abduction of border guards as well as targeting civilians and police stations within the province to incite chaos and disorder.

In January, Iran launched a military operation during which the headquarters of the Pakistan-based terrorist group was targeted in missile strikes, destroying its infrastructure.

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News Network
November 14,2024

Bengaluru: Karnataka Deputy Chief Minister D K Shivakumar on Thursday backed Chief Minister Siddaramaiah over his claim that the BJP had offered Rs 50 crore each to 50 Congress MLAs in an attempt to "topple" the state government.

Addressing reporters here, Shivakumar, also the Congress state president, said, “The BJP indeed lured 50 Congress MLAs with Rs 50 crore each.”

He defended Siddaramaiah’s statement and said the Congress MLAs were briefed about the BJP’s alleged 'Operation Lotus', a term used to describe the BJP's attempts to destabilise ruling governments through horse-trading.

“Some of our MLAs informed the Chief Minister about this matter, and he, in turn, shared it with the media,” Shivakumar said.

At an event in Mysuru, Siddaramaiah reiterated the claim that "none of the Congress MLAs had accepted the offer".

He also accused the BJP of filing false cases against him in a bid to "remove him and overthrow his government".

The BJP has yet to respond to the allegations.

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