Economics
U.K. Economic Policy Left in Disarray After Chancellor Resigns
- Sajid Javid rejects PM’s demand to fire all Treasury advisers
- Johnson’s office declines to confirm budget will be March 11
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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.