U.K. Economic Policy Left in Disarray After Chancellor Resigns

The U.K.’s economic policy was thrown into disarray after Sajid Javid dramatically quit as Chancellor of the Exchequer following a row with Prime Minister Boris Johnson.

Johnson’s office could not confirm that the budget will go ahead as planned on March 11, or that the government will keep to fiscal rules -- announced by Javid -- which require day-to-day public spending and revenue to be in balance within three years.

Sajid Javid

Photographer: Simon Dawson/Bloomberg

Though Johnson’s office moved swiftly to appoint Javid’s deputy, Rishi Sunak, as the new chancellor, the sudden shift in personnel risks throwing Britain’s preparations for life outside ...