Many officials responsible for regulating the United Kingdom’s financial system have resigned following allegations Prime Minister Boris Johnson exercised “poor judgement” in appointing a member of the government.
In a letter to Johnson posted to Twitter (NYSE:TWTR) on Wednesday, Economic Secretary to the Treasury John Glen said his decision to resign was prompted by “recent events concerning the handling of the appointment of the former deputy chief whip” as well as the Prime Minister’s “poor judgment” in addressing the incident. Glen added that “vital reforms" to the country’s financial services were ready to be presented to Parliament.
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