Who is the new chancellor Rishi Sunak?

Government reshuffle: Sajid Javid resigns as Chancellor

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Sajid Javid's resignation was the most dramatic moment i n a shuffle that saw Johnson fire a handful of Cabinet members he viewed as under-performing or untrustworthy, and promote loyal lawmakers to senior jobs. There are now a total of four PIOs in Johnson's cabinet. Sharma was elevated to the role of the secretary of state for business, energy and industrial strategy.

Newcomers at the cabinet meeting on Friday will include Anne-Marie Trevelyan, who replaces Alok Sharma as worldwide development secretary; Amanda Milling, who is minister without portfolio and chairwoman of the Conservative Party; and Suella Braverman, who takes on the role of attorney general after the prime minister asked Mr Cox to step down.

Mr Javid accused the Prime Minister of setting conditions "any self-respecting minister" would reject - seen as a thinly veiled swipe at his successor.

Mr Jenrick, a former Treasury minister, told BBC Breakfast: 'What was proposed and is now going to happen is that we bring together the back office teams that advise the Prime Minister at Number 10 and those that advise the Chancellor.

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Before the explosive meeting with Mr Johnson, Mr Javid had walked smiling into Number 10 in a sign that he expected to remain in place ahead of the March 11 Budget. The pound jumped to a two-month high against the euro as financial markets embraced the news, predicting his policies and his cordial relations with No. 10 Downing Street would boost growth.

Losing a chancellor is no small event, and it wasn't what Boris Johnson set out to do.

The BBC's Business Editor Simon Jack said the prime minister suspected Javid might resign if pushed to get rid of his advisers and he described Sunak as an "oven-ready" Chancellor. However, the chancellor refused and quit. "Rishi has been much more optimistic about Brexit and more methodical about assessing its impact".

His father was a GP, and his mother was a pharmacist.

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Sunak got an MBA at Stanford University in the U.S. and then got a job with Goldman Sachs, before working for a hedge fund in London. His successor Rishi Sunak was born in Southampton to Hindu parents who moved to the United Kingdom from India in the 1960s.

Taking William Hague's Richmond (Yorkshire) seat after the former Conservative Party leader made a decision to stand down at the 2015 general election, Mr Sunak was quick to establish himself as a free thinker. Indian diplomatic sources told TOI that Patel was scheduled to visit India next week to get the ball rolling on post-Brexit trade talks.

Ultra-loyal Alok Sharma, a former minister for global development, was appointed as the new minister for business and also the head of the COP26 climate change summit, when world leaders will travel to Scotland in November.

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The following year, Benjamin Netanyahu became the prime minister and has been serving since in the office. In the end, no peace agreement was signed, and in 2008 Olmert left office amid a corruption scandal.

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