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    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

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    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rise above N44 trillion – DMO

    FG approves 39 licences for fish importation

    Q3 2022: Nigeria’s total trade stood at N11.6 trn, total export falls nearly 20% QoQ

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    Law to legalize crypto as a payment method passed in Brazil

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    Rivers and Oyo State to join others in establishing small claims courts

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    Nigeria’s GDP growth slows to 2.25% in Q3 2022, oil sector contribution declines further

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

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    Equity Market turns bearish… As Value Traded Spikes by 409.01%

    The Local bourse Closed The Week Bearish… As the NGX-ASI fell by 0.18%.

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    NGX-ASI Turns Bullish…As Oil & Gas sector closed at a Gain of 1.58%

    The Okomu Oil Palm Plc announces N7.00 interim dividend for H1 2022

    Local Bourse Records 2nd Day Loss…… As NGX-ASI Decreases by 0.02%

    FGN Savings Bond rate rises above 12% in September 2022

    DMO offers N360 bn FGN Bonds for subscription in January

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    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    37 years between the Buhari regimes… Economic lamentations remain the same

    37 years between the Buhari regimes… Economic lamentations remain the same

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

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Reasons why Boris Johnson resigned as UK Prime Minister

Thursday, 7 July 2022, 3:09 pm
in News, World
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Reasons why Boris Johnson resigned as UK Prime Minister
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Boris Johnson on Thursday resigned his position as the British Prime Minister amid mounting scandals and mass resignation of ministers.

In June Johnson survived a no-confidence vote after threats to topple him emerged from within his own party.

He managed to garner the support of 211 out of 359 Conservative lawmakers, or 59%. This is  lower than Johnson’s predecessor, Theresa May, received after a similar vote in 2018. Theresa May resigned over six months later after the vote.

Johnson said he will stay in office until the Conservatives choose a new party leader, who will then take over as prime minister.

“Of course, it is painful to not to be able to see through so many ideas and projects,” Johnson said in front of the door of No. 10 Downing St. in London. “But as we have seen at Westminster, the herd instinct is powerful and when the herd moves, it moves.”

Here are the five things that led to the resignation of Johnson who led the conservatives to their biggest election victory less than three years ago.

The Chris Pincher affair

Chris Pincher who was the Conservative deputy chief whip went to a private members’ club in London on Wednesday 29 June. In his words, he “drank far too much” and “embarrassed himself.”

Pincher was accused of groping two men, leading to series of allegations, some dating back years. It set off a chain of events that ended with the prime minister’s downfall.

Initially, the Downing Street said the the Prime Minister Boris Johnson was not  aware of “specific allegations” about Mr Pincher before appointing him as deputy chief whip in February. However, Johnson later admitted that he had been informed about Pincher in 2019 following a BBC’s report. He then apologized for appointing Mr Pincher as deputy chief whip..

Partygate

Boris Johnson was in April cut up in scandal after it emerged he had attended parties that break the lockdown rule he imposed. He was fined for breaking lockdown rules, after attending a gathering on his birthday in June 2020.

Johnson who had December told the Commons that “all guidance was followed completely in No 10” also apologised for going to a “bring your own booze” party in the Downing Street garden during the first lockdown.

He is now being investigated by the Commons committee over whether he knowingly misled Parliament.

The cost of living crisis – and a tax rise

UK inflation is currently at 9.1% following to a sharp rise in 2022. The rise is being blamed on the Russian invasion of Ukraine which led to rise in oil prices and cost foods.

Despite the rising inflation that bites deep in peoples’ pockets, Johnson led government in April implemented a tax rise in April. It said the tax rise would be used to pay for health and social care.

“In the middle of the worst cost of living crisis for decades,” said Labour leader Sir Keir Starmer in April, “the government chooses to increase taxes on working people.”

Owen Paterson row

In October 2021, a 30-day suspension was recommended by the House of Commons committee for then-Conservative MP Owen Paterson who was accused of breaking lobbying rules, to try to benefit companies who paid him.

However, Conservatives – led by the prime minister – voted to pause Paterson’s suspension, and set up a new committee to look at how investigations were carried out.

Paterson later resigned following an outcry and Johnson admitted that he had “crashed the car” in his handling of the case.

Lack of Focus and ideas

Johnson has been accused by his critics and opposition that there is lack of focus and ideas in Downing Street.

In June, Conservative MP and former minister Jeremy Hunt accused Mr Johnson of lacking “integrity, competence, and vision,”  while speaking before a confidence vote, which Mr Johnson won.

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

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Comments 2

  1. Nemelum says:
    7 months ago

    Thanks for explaining better, that’s why i love this blog…long stories simplified!

    Reply
    • Ifunanya Ikueze says:
      7 months ago

      Thank you for always reading our articles.

      Reply

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