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UK Conservatives race to replace Boris Johnson

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The race is on for the Conservative party to replace Boris Johnson after he resigns as the UK’s Prime Minister.

Boris Johnson may have resigned as prime minister of the United Kingdom – but that doesn’t mean he steps out of the job immediately.

When Theresa May announced her resignation on May 24, 2019, she didn’t leave the post until Boris Johnson took over on July 24, two months later.

In his resignation speech, Boris Johnson said he would stay on until his successor takes over.


That process can take months.


This has got several Tory party elder statesmen and many current MPs concerned.

John Major, who was the UK prime minister himself between 1990 and 1997 wrote a letter saying it was “unwise, and may be unsustainable” for Johnson to stay in the top job for up to three months.

“In such a circumstance, the prime minister maintains the power of patronage and, of even greater concern, the power to make decisions which will affect the lives of those within all four nations of the United Kingdom and further afield,”

SIR JOHN MAJOR
UK Prime minister 1990 – 1997
SIR JOHN MAJOR WAS THE CONSERVATIVE PRIME MINISTER OF THE UNITED KINGDOM BETWEEN 1990 AND 1997

He suggested Dominic Raab, the deputy prime minister under Boris Johnson, should serve as interim.

FILE PHOTO: Britain’s Foreign Affairs Secretary Dominic Raab walks outside Downing Street in London, Britain, September 22, 2020. REUTERS/Toby Melville/File Photo

In the UK, however, there is no constitutional process for the deputy PM to take over automatically if the prime minister leaves office, despite what the title implies.


Sir Keir Starmer, leader of the Labour party also publicly declared his position.

Starmer vowed a vote of no confidence if Boris Johnson doesn’t leave Number 10 promptly

Under Conservative party rules – when a Conservative prime minister resigns, a new party leader election is triggered.

Currently, any candidate that wants to have a chance at leadership needs the support of eight Conservative MPs to stand.

THE PALACE OF WESTMINSTER, HOSTING THE HOUSES OF PARLIAMENT AND THE SEAT OF BRITISH GOVERNMENT


Once all candidates have declared (and if there are more than two in the running) the party holds a series of votes until just two remain.

  • In the first round, candidates must get 5% of the votes to remain in contention. At the moment, 5% means 18 MPs.
  • In the second round, they must get 10% of the votes to stay in the game (meaning 36 MPs)
  • If there are any remaining rounds and more than two MPs still in the running, the candidate with the least amount of votes is eliminated until only two MPs are left

When only two choices remain, a postal vote to all members of the Conservative party across the nation vote for the next leader.

There is no clear frontrunner to replace Boris Johnson, so predicting outcomes is a gamble.

Any new prime minister would not be obliged to call a general election immediately.

Though constitutionally, the next general election in the United Kingdom must take place no later than January 2025.

Simon is a ticker NEWS corespondent in London. Simon started his career in his hometown of Sydney as a news video producer for NineMSN, then moved to the UK with Good Morning Britain on ITV, followed by a TV reporter for a local news service in Manchester in England’s north. Simon joins ticker News after several years in the London headquarters of ITN Productions as a news producer, and as an assistant news editor for ITV News.

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Big Tech earnings spark investor unease over AI spending

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

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Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.

Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.

Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.

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Federal Reserve holds interest rates amid economic uncertainty

Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut. #FederalReserve #InterestRates #Economy

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Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut.

The Federal Reserve has opted to keep interest rates unchanged, marking the first pause since July. Officials are showing little urgency to resume cuts, even after previous rate reductions.

Two Fed governors opposed the decision, calling for a quarter-point cut, highlighting ongoing debates within the rate-setting committee, which includes both appointed governors and regional bank presidents.

Concerns over the job market and persistent inflation continue to weigh heavily on the Fed’s policy decisions, leaving economists and investors closely watching the next moves.

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#FederalReserve #InterestRates #Economy


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Trump warns Iran as U.S. naval forces approach amid rising tensions

Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and tensions rise.

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Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and rising tensions.

U.S. President Donald Trump has urged Iran to return to nuclear negotiations, warning that failure to do so could result in a far more severe military response. Posting on Truth Social, Trump signalled a hardening stance as tensions between Washington and Tehran continue to rise.

Trump confirmed that a U.S. naval strike group led by the USS Abraham Lincoln is moving towards Iran, as protests grow inside the country over alleged government repression.

The show of force comes amid heightened regional instability and mounting pressure on the Iranian leadership.

#Trump #Iran #USForeignPolicy


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