British finance minister to resign if Boris Johnson elected as PMChristian Fernsby ▼ | July 22, 2019
British Chancellor of the Exchequer Philip Hammond said Sunday he would resign from cabinet over a no-deal Brexit if former Foreign Secretary Boris Johnson is to be elected as prime minister.
Britain Philip Hammond
A new British prime minister will be announced Tuesday after a party vote between Johnson and Foreign Secretary Jeremy Hunt. According to opinion polls, Johnson so far is in the lead to succeed Theresa May.
In his final party leadership debate with Hunt on Wednesday, Johnson insisted that he would take Britain out of the European Union (EU) on the scheduled date, with or without a deal. "Where's the will, there's a way," he said.
Under Johnson, Hammond would never have expected to remain as Chancellor of the Exchequer anyway, observers said.
"I am sure I am not going to be sacked because I am going to resign before we get to that point," Hammond told Andrew Marr, adding that he would resign to May before she formally steps down on Wednesday.
Amid concerns that a hard Brexit could plunge the British economy into recession, however, British MPs on Thursday voted for a measure that could block efforts by the next prime minister to force through a no-deal Brexit by suspending the parliament. ■