Boris Johnson resigned 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.
Chancellor Of Exchequer Rishi Sunak and Health Secretary Sajid Javid late Tuesday set off a chain of resignations. On Thursday, UK Education Minister Michelle Donelan resigned two days after in the office.
Here are the Highlights on UK Crisis:
Jul 07, 2022 17:06 (IST)
UK Prime Minister Boris Johnson resigns
Jul 07, 2022 14:50 (IST)
UK Stocks Up As Boris Johnson Is Expected To Resign
Equities rose today following a recent sharp drop as traders kept on eye on events in Westminster where UK PM Boris Johnson is expected to resign today as the leader of the Conservative Party.
UK stocks were up more than 1 per cent in early trade, while sterling was slightly higher towards $1.20, though the currency remains under pressure.
Jul 07, 2022 14:41 (IST)
UK Opposition Labour Party Says PM's Departure "Good News"
The leader of Britain's main opposition Labour party Keir Starmer said Boris Johnson's expected departure as prime minister was "good news".
Keir Starmer added that just changing the leader of the Conservative party was not enough.
"We need a proper change of government," he said.
Jul 07, 2022 14:19 (IST)
Boris Johnson To Make Statement To The Country Today
UK Prime Minister Boris Johnson will make a statement to the country today, a Downing Street spokesperson said following reports he will resign as Conservative leader.
It comes after over 50 resignations since July 5 by minister of various ranks and their Tory MP aides.
Jul 07, 2022 14:07 (IST)
UK Prime Minister Is Expected To Resign Today: Report
Boris Johnson will resign today as the Prime Minister UK, the BBC reported. Over 50 ministers, aides and three cabinet ministers quit since Tuesday.
BBC Political Editor Chris Mason said, "Boris Johnson will resign as Conservative Party leader today."
UK Education Minister Michelle Donelan quit after two days in the office.
Finance Minister Nadhim Zahawi, who was appointed on Wednesday, had called on UK PM to resign.
