November 9, 2018 / 5:19 PM / 9 days ago

INSTANT VIEW 2-Jo Johnson resigns from UK government, calls for new referendum

(Adds reaction)

LONDON, Nov 9 (Reuters) - Jo Johnson, the younger brother of Boris, resigned from Prime Minister Theresa May’s government on Friday, calling for another referendum to avoid the vassalage or chaos that he said her Brexit plans would unleash.

Below is reaction:

SPOKESMAN FOR PRIME MINISTER THERESA MAY

“The referendum in 2016 was the biggest democratic exercise in this country’s history. We will not under any circumstances have a second referendum. The Prime Minister thanks Jo Johnson for his work in government.”

JENNY CHAPMAN, BREXIT SPOKESWOMAN FOR MAIN OPPOSITION LABOUR PARTY

“(May) has lost all authority and is incapable of negotiating a Brexit deal within her own party, let alone with the EU. Theresa May is in office, but not in power.”

BORIS JOHNSON, BROTHER OF JO AND FORMER FOREIGN SECRETARY

“Boundless admiration as ever for my brother Jo. We may not have agreed about Brexit but we are united in dismay at the intellectually and politically indefensible of the UK position.”

“This is not taking back control. It is a surrender of control. It does not remotely correspond to the mandate of the people in June 2016.”

VINCE CABLE, LEADER OF OPPOSITION LIBERAL DEMOCRATS

“We warmly welcome Jo Johnson’s support of the campaign to give the people the final say on the deal and a chance to exit from Brexit. This is a fascinating situation in which Jo and his sister are united in opposing their brother Boris and his Brexit plans.”

ELOISE TODD, BOSS OF BEST FOR BRITAIN ANTI-BREXIT CAMPAIGN

“This is an incredibly brave move from Jo Johnson at a time when the public desperately needs more MPs to act in the national interest. We’ve been hurtling towards a blindfolded Brexit for too long, so it’s about time that politicians hand back control to the people of this country by giving them the final say on Brexit - with the option to stay and lead in Europe.” ——————————————————————————————-

MARKET REACTION

- The pound fell to a day’s low beneath $1.30 on the news.

- It also fell against the euro to a session low of 87.3 pence

- The 10-year gilt yield fell to its lowest level since Monday at 1.492 percent, down 7.5 basis points on the day.

Compiled by Andy Bruce and Kylie MacLelland; editing by Guy Faulconbridge

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below