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Reshuffle LIVE: Rishi Sunak becomes chancellor after Javid’s shock resignation

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WATCH: Javid doesn’t answer questions after stepping down

Sarah Hajibagheri@SaraHajibagheri

Just caught up with Sajid . A strained smile but he wouldn’t be drawn on the circumstances surrounding him resigning as Chancellor. More on @skynews

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PM ‘taking the Kirstie Allsopp approach’

The City has been reacting with cautious optimism to the promotion of Rishi Sunak.

The pound initially dipped as reports filtered through that Sajid Javid had quit – but when his successor’s name was floated, and eventually confirmed, the pound ticked up as investors hoped the appointment would be the start of increased spending.

Neil Wilson, chief market analyst for Markets.com, said: “Boris Johnson is taking the Kirstie Allsopp approach to how to make Number 10 and Number 11 work for him: that is, just knock through.

“The fiscal floodgates are about to open – whatever brake the Treasury might have had on Number 10 has been cut entirely with this move.”

PICTURED: Sunak strides into the Treasury

The new chancellor tells journalists: “Delighted to be appointed, a lot to get on with, thanks very much.”

Newly installed Chancellor of the Exchequer Rishi Sunak arrives at the Treasury in London.

ANALYSIS: Is this reshuffle hiccup what they wanted all along? 

Sophy Ridge

@SophyRidgeSky

Sajid Javid put in a position where he feels he cannot stay
Boris Johnson doesn’t have to sack him
Loyalist & rising star Rishi Sunak becomes Chancellor
No10 get more control over No11
Is the reshuffle really going wrong or is this what they wanted all along? 🧐

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Javid first chancellor in 50 years not to deliver a budget

For all you trivia fans out there!

Sam Coates Sky

@SamCoatesSky

Sajid Javid now won’t deliver a budget. I’m Iain Macleod, 1970, died suddenly after a few weeks as Chancellor and also didn’t deliver a Budget

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Alok Sharma promoted to business secretary – with responsibility for COP26

He makes the move from international development secretary, and takes on the role of organising this year’s climate conference due to be held in Glasgow.

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Robert Buckland keeps job as justice secretary

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ANALYSIS: Next Northern Ireland secretary will have very full in-tray

It is rare for the sacking of a cabinet minister to be followed so soon by a foreign PM responding with a shower of praise, writes our Political Correspondent Joe Pike.

After Julian Smith was sacked as Northern Ireland secretary, Ireland’s prime minister Leo Varadkar tweeted that Smith was “one of Britain’s finest politicians of our time”.

Critics of Julian Smith claim he had two key failings: He was a “micromanager” and he “failed to communicate”, especially with the prime minister. Number 10 feel they were “blindsided” by the details of the January deal which restored devolved government in Northern Ireland after three years of deadlock.

Yet Smith threw himself into the role with an energy and dedication not evident under his much criticised predecessors. 

He spent almost all his time in Northern Ireland and reached out to loyalist communities far beyond the Democratic Unionist Party.

Julian Smith’s biggest triumph was securing that deal, as well as strengthening relations with Leo Varadkar, paving the way for the key Brexit meeting with Boris Johnson in the Wirral last October, and ultimately the PM’s Brexit deal with the EU.

The next Northern Ireland secretary will arrive at a department with a very full in-tray. 

The most difficult challenge will be making progress on the ‘legacy’ question. Working out how to deal with historical murders – those carried out by terrorists and those carried out by the military.

On that issue the clock is ticking: under the terms of the January deal there must be progress within 100 days.

SNP: Johnson embroiled in ‘ego battle’

Ian Blackford, the Scottish National Party’s Westminster leader, responds: “Boris Johnson has lost control.

“Rather than prioritising the interests of people across the country, he is embroiled in an ego battle between his de-facto deputy Dominic Cummings and his former cabinet ministers.”

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‘Son of a bus driver has been thrown under a bus’

One Labour MP has turned today’s bombshell news into a poem….

Kevin Brennan MP

@KevinBrennanMP

So. Farewell then
Sajid Javid
You liked to tell us
You were the son of a bus driver
Now Cummings has thrown you under a bus
Which is ironic
Frankly.

Apols to EJ Thribb (17)

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Downing Street confirms Rishi Sunak as the new chancellor

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Javid ‘told he was best person for the job’

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