Self-assessed – UK government survives confidence vote

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The British government under outgoing Prime Minister Boris Johnson survived a confidence vote on Monday night. This was planned by her. New is that Tory politician Tom Tugendhat is no longer part of the government.

The chairman of the foreign affairs committee was deemed moderate. A majority of MPs in the London House of Commons voted for the government on Monday evening. A defeat could have led to new elections, which even Johnson’s critics are currently wanting to avoid due to poor poll numbers. Outgoing Prime Minister Boris Johnson announced his resignation two weeks ago under pressure from many party colleagues and ministers. In his speech on Monday afternoon, he emphasized that he had made the right decisions on the big issues and completed the exit from the European Union.

The race for a successor continues
The race for his successor will enter the next round on Tuesday. Still in the running are favorite and former Finance Minister Rishi Sunak, Foreign Secretary Liz Truss, Secretary of State for Trade Penny Mordaunt and MP Kemi Badenoch. There will be a Tory vote on Tuesday afternoon, the results of which will be announced at 5:00 PM (CEST). On Wednesday evening, only two candidates may remain.

economic consequences
Investment Minister Gerry Grimstone and Digital Affairs Minister Chris Philp have resigned from Tugendhat. This would have led to the tech company SoftBank interrupting talks about an IPO. The two ministers would have played a leading role. The company may only go public in the US, which was initially preferred according to insiders.

Source: Krone

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