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Speaking to MPs in the Commons this morning, the Chancellor announced a £9bn support package of loans and tax relief, including a £200 energy rebate for every British household in October.
It comes as the energy regulator confirmed this morning that the price cap on energy bills for 22m households will jump by 54 per cent from April to about £2,000 a year because of soaring gas costs.
Sunak has long been seen as a rising star and is the person in the Treasury who No. 10 preferred to deal with. Sunak will be helped by the new No. 10/No. 11 special adviser unit. Sunak is a Brexiteer who has good relations both with the Prime Minister and his team. One insider suggests that their relationship will be a friendly one similar to that of David Cameron and George Osborne. What’s clear is that today’s changes mean No. 10 has taken control.
Although Mr Cummings was not in the room during fraught discussions with Mr Johnson, sources said it was ‚obvious‘ who was behind the move.
Following more than an hour of frantic wrangling, Mr Javid finally resigned in protest.
‚The prime minister said he had to fire all his special advisers and replace them with Number 10 special advisers to make it one team,‘ a source close to Mr Javid said.
Chancellor of the Exchequer Sajid Javid has resigned from his role in Boris Johnson’s cabinet.
It is believed Mr Javid was asked to stay on in his role, but resigned in protest at being asked to fire all his advisors.
Rishi Sunak has been appointed as the new Chancellor.