Boris Johnson remains interim PM until successor found

Published

3 years ago

July 8, 2022

Boris Johnson will stay as interim prime minister of the United Kingdom until the Conservative party decide on who succeeds him

Boris Johnson resigned as United Kingdom’s prime minister, triggering a race to fill the top job.

“I know that there will be many people who are relieved and perhaps quite a few who will also be disappointed. And I want you to know how sad I am to be giving up the best job in the world. But them’s the breaks.”
BORIS JOHNSON
FORMER PRIME MINISTER OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND

By midday on Thursday, 59 Ministers in Boris Johnson’s government had resigned their posts.

Less than one hour later, Boris Johnson appeared at 10 Downing Street’s front door – saying it was clear a new leader was needed.

The Prime Minister @BorisJohnson makes a statement. https://t.co/EfgXuyazjw
— UK Prime Minister (@10DowningStreet) July 7, 2022

It was a speech noted for its absence words like “resign” or “resignation”.

“It was a short and bizarre resignation speech which didn’t mention the word resign or resignation once. There was no apology, no contrition,”
Andrew Bridgen
CONSERVATIVE MP

Despite a meteoric rise to the UK’s top job, Boris Johnson’s prime ministership quickly plunged into scandal and outrage.

He took over the reigns from Theresa May, who failed to deliver Brexit on her watch.

He called an election for December 12, 2019 with the promise to “Get Brexit Done” and won the Conservatives an 80-seat majority, paving the way for a rapid Brexit.

But the twilight of his prime ministership saw increasing scandals and disgrace that ate away at his authority and support.

Parties and socialising that took place in Number 10 during the height of Coronavirus pandemic lockdowns were revealed, and became persistent scandal.

Luxurious and expensive renovations of the residences within Number 10 were a further source of public anger.

As was the appointment of a minister who was accused of sexual misconduct.

Ultimately, Boris Johnson, famed for his bluster, banter and cavalier bravado could not hold onto power.

British Prime Minister Boris Johnson leaves from the back entrance of Downing Street in London, Britain June 6, 2022. REUTERS/Toby Melville

Boris Johnson leaves behind a post-Brexit nation

He leaves behind Northern Ireland, the only part of the UK that shares a land border with the European Union, facing increased bureaucracy, paperwork and delays in customs.

An increasingly loud Scotland with Nicola Sturgeon making the case for another attempt at Scottish independence.

And a country reeling from a cost of living crisis.

Whoever ultimately takes over from Boris Johnson will have to hit the ground running.

RBA holds rates as investors shift from property to stocks

RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.

Published

2 hours ago

November 26, 2025

Harvey Vargas

RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.

The Reserve Bank of Australia has held interest rates at 3.6 percent, signalling a steady approach as inflation pressures persist and prompting investors to reassess their strategies in an uncertain climate.

The decision has shifted attention away from the property market, with experts suggesting the stock market may offer stronger opportunities, especially for those looking to outpace inflation over the long term.

We speak with Dale Gilham from Wealth Within about what the RBA’s call means for investors, why confidence in housing is changing, and what smarter financial choices look like in 2025.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#RBA #Interestrates #AustraliaEconomy #StockMarket #InvestingTips #WealthWithin #FinanceNews #TickerTV

News

U.S. retail sales slowdown sparks new fears ahead of Fed decision

U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.

Published

2 hours ago

November 26, 2025

Harvey Vargas

U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.

Retail sales in the U.S. have unexpectedly weakened, raising new questions about consumer strength and the resilience of the economy. As Americans pull back on spending, analysts are watching closely to see whether this signals a broader shift toward caution in the lead-up to the holiday shopping period.

The slowdown has amplified uncertainty around the Federal Reserve’s next move on interest rates, as policymakers weigh mixed economic signals against cooling demand. With some categories falling sharply, economists warn that faltering retail activity could ripple into GDP forecasts and overall market confidence.

Brad Gastwirth from Circular Technologies joins us to break down which categories were hit hardest, why shoppers are becoming more value-conscious, and what this means for the economy heading into 2025.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#RetailSales #USEconomy #FederalReserve #ConsumerSpending #EconomicOutlook #MarketUpdate #InterestRates #TickerNews

News

xAI’s $15 billion raise, deadline pressure and Grokipedia launch

Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.

Published

2 hours ago

November 26, 2025

Harvey Vargas

Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.

Elon Musk’s artificial intelligence startup xAI is preparing to close a huge $15 billion funding round next month, valuing the company at $230 billion pre-money. The raise highlights the intense investor appetite for advanced AI platforms as competition heats up across the sector.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#xai #elonmusk #ai #startupnews #grok #grokipedia #technews #fundinground