Boris Johnson resigns as Prime Minister

The resignations of Chancellor Rishi Sunak and Health Secretary Sajid Javid set off a wave of government and party exits which exceeded fifty before the Prime Minister eventually succumbed to the mounting pressure and stepped down. Mr Johnson remained unapologetic for his record as Prime Minister and announced he would stay on in a caretaker role until his successor is chosen. The Tory leadership contest is now unofficially under way, with Boris Johnson's resignation setting the wheels in motion for a new prime minister to take the reins. The pound staged a rally on the news as did UK stocks, in the hope that the UK can move on from Mr. Johnson's tumultuous reign.