Berliner Boersenzeitung - UK's PM looks to reset leadership after confidence vote

EUR -
AED 3.972516
AFN 70.775385
ALL 98.637821
AMD 418.731325
ANG 1.949108
AOA 985.834209
ARS 1063.405362
AUD 1.62487
AWG 1.949486
AZN 1.842752
BAM 1.949906
BBD 2.183599
BDT 129.239335
BGN 1.955894
BHD 0.40771
BIF 3125.667066
BMD 1.081546
BND 1.419632
BOB 7.488429
BRL 6.15345
BSD 1.081421
BTN 90.904566
BWP 14.427587
BYN 3.539136
BYR 21198.295671
BZD 2.179639
CAD 1.496443
CDF 3076.997303
CHF 0.93608
CLF 0.037325
CLP 1029.901676
CNY 7.699311
CNH 7.699843
COP 4626.582108
CRC 556.11896
CUC 1.081546
CUP 28.660961
CVE 110.639511
CZK 25.272455
DJF 192.212425
DKK 7.457584
DOP 65.352412
DZD 144.674032
EGP 52.63753
ERN 16.223185
ETB 128.274912
FJD 2.421252
FKP 0.827565
GBP 0.832979
GEL 2.942141
GGP 0.827565
GHS 17.413569
GIP 0.827565
GMD 75.708045
GNF 9328.331877
GTQ 8.362721
GYD 226.128233
HKD 8.40745
HNL 27.092593
HRK 7.450801
HTG 142.348392
HUF 401.434616
IDR 16831.014145
ILS 4.089243
IMP 0.827565
INR 90.939445
IQD 1416.824864
IRR 45535.778067
ISK 149.102536
JEP 0.827565
JMD 171.860499
JOD 0.766825
JPY 162.930551
KES 139.519187
KGS 92.471352
KHR 4391.07575
KMF 492.265548
KPW 973.390884
KRW 1491.732321
KWD 0.331515
KYD 0.901163
KZT 521.488549
LAK 23720.996559
LBP 96852.416864
LKR 317.069833
LRD 207.926942
LSL 19.056751
LTL 3.193523
LVL 0.654216
LYD 5.202167
MAD 10.707845
MDL 19.356074
MGA 4969.702187
MKD 61.533048
MMK 3512.818237
MNT 3675.09231
MOP 8.656851
MRU 42.991552
MUR 49.665144
MVR 16.612847
MWK 1877.023244
MXN 21.583623
MYR 4.664165
MZN 69.056576
NAD 19.056552
NGN 1772.707266
NIO 39.747188
NOK 11.846522
NPR 145.459923
NZD 1.795853
OMR 0.41632
PAB 1.081296
PEN 4.06339
PGK 4.312934
PHP 62.357565
PKR 300.398725
PLN 4.320028
PYG 8567.024339
QAR 3.937364
RON 4.973487
RSD 117.032714
RUB 104.69602
RWF 1460.086692
SAR 4.062634
SBD 8.976101
SCR 14.730691
SDG 650.592911
SEK 11.427163
SGD 1.424055
SHP 0.827565
SLE 24.707894
SLL 22679.469045
SOS 617.562799
SRD 35.92354
STD 22385.812306
SVC 9.462397
SYP 2717.416301
SZL 19.057289
THB 36.25395
TJS 11.521634
TMT 3.78541
TND 3.363067
TOP 2.533088
TRY 37.044127
TTD 7.338681
TWD 34.680953
TZS 2947.212009
UAH 44.678333
UGX 3964.017545
USD 1.081546
UYU 45.033871
UZS 13868.117023
VEF 3917956.107638
VES 42.323455
VND 27368.513876
VUV 128.40331
WST 3.029609
XAF 653.898771
XAG 0.032063
XAU 0.000397
XCD 2.922931
XDR 0.811047
XOF 654.335361
XPF 119.331742
YER 270.792014
ZAR 19.060734
ZMK 9735.209484
ZMW 28.844209
ZWL 348.257273
  • RBGPF

    61.7500

    61.75

    +100%

  • SCS

    -0.1200

    12.89

    -0.93%

  • RYCEF

    0.0200

    7.42

    +0.27%

  • AZN

    -0.8200

    77.44

    -1.06%

  • CMSC

    -0.1300

    24.65

    -0.53%

  • GSK

    -0.3900

    38.16

    -1.02%

  • RELX

    -0.5400

    47.63

    -1.13%

  • NGG

    -0.9700

    67.03

    -1.45%

  • RIO

    -0.4100

    64.95

    -0.63%

  • BTI

    -0.2500

    34.25

    -0.73%

  • BP

    0.1400

    31.47

    +0.44%

  • BCE

    -0.1500

    33.39

    -0.45%

  • BCC

    -3.8400

    137.9

    -2.78%

  • JRI

    -0.0700

    13.15

    -0.53%

  • VOD

    -0.1300

    9.63

    -1.35%

  • CMSD

    -0.1700

    24.87

    -0.68%

UK's PM looks to reset leadership after confidence vote
UK's PM looks to reset leadership after confidence vote / Photo: Niklas HALLE'N - AFP/File

UK's PM looks to reset leadership after confidence vote

Prime Minister Boris Johnson will on Thursday outline plans to tackle Britain's cost-of-living crisis, as he seeks to move on from a damaging series of scandals and a confidence vote called by his own MPs.

Text size:

Johnson won the vote but with 40 percent of his own side refusing to back him, he was likened to a "Monty Python" character who refuses to admit he is mortally wounded following another harrowing week.

The Conservative leader on Wednesday faced parliament for the first time since surviving the vote, which commentators said had left his scandal-tainted premiership still in peril.

Backers in the House of Commons staged a noisy show of support at his weekly question-and-answer session. But Tory rebels sitting behind looked glum and laughed along with opposition jibes.

Johnson has called his 211-148 victory "decisive" and wants to move on from repeated calls for him to resign over the "Partygate" scandal about lockdown-breaching parties in Downing Street.

"As for jobs, I'm going to get on with mine," he reiterated in the Commons, after defending his government's record on employment, health and Ukraine.

Part of the reset includes a speech in northwest England on Thursday to "set out a clear vision to continue to tackle the rising cost of living", his Downing Street office said.

"We have the tools we need to get on top of rising prices. The global headwinds are strong. But our engines are stronger," he will say.

"And, while it's not going to be quick or easy, you can be confident that things will get better, that we will emerge from this a strong country with a healthy economy."

- Policy rollout -

Johnson faced repeated taunts on Wednesday about Monday's vote, including comparisons to Monty Python's "Black Knight" character, who declares "it's just a flesh wound" when he has his arms and legs chopped off in a duel.

"No amount of delusion and denial will save the prime minister from the truth: this story won't go away until he goes away," said the Scottish National Party's Westminster leader Ian Blackford.

Johnson's Tory opponents fear that public disgust over "Partygate" is crippling their party's electoral chances.

Some want a return to "Conservative values" including lower taxes after the Covid-19 pandemic.

Downing Street has set the stage for a policy blitz in the coming days, including on Britain's skewed property market, where sky-high prices have deprived younger people of the hope of home ownership.

Rising rental prices are compounding the misery of the worst cost-of-living crisis in generations, with inflation at a 40-year high of nine percent.

Britain's newspapers honed in on the rising prices -- and the government's pledge to tackle them -- on Thursday, with the Guardian, Daily Telegraph, and Daily Mirror featuring front-page stories on the surge in fuel costs.

The conservative Daily Mail hailed Downing Street's plans, declaring that "emboldened Boris Johnson will cut bills left, right and centre in his most radical move yet to ease the cost-of-living crisis".

- 'Vulnerability' -

The Organisation for Economic Co-operation and Development (OECD) warned Wednesday that Britain must cut taxes or raise spending as it forecast the country would have the weakest economic growth in the developed world next year.

"I would like to see cuts where they're possible," Health Secretary Sajid Javid, a former finance minister, told BBC television earlier Wednesday.

How much Johnson can secure in parliament, however, is unclear given the size of Monday's revolt, which has likely cut his working majority.

"I think there's very little doubt that the vulnerability of the prime minister is going to be the single greatest factor shaping what this government does for the foreseeable future," King's College London politics professor Anand Menon told AFP.

- 'Last chance' -

Johnson's enemies on his own side still appear to be manoeuvring, with reports he faces a "war of attrition" and "vote strikes" to paralyse the government's legislative agenda.

Such "vote strikes" hurt Theresa May's three-year stint in Downing Street, before she was brought down in 2019 by Johnson and his allies over how to execute Britain's departure from the European Union.

The Conservatives are braced for two parliamentary by-elections this month, and an upcoming investigation by MPs into whether Johnson lied to parliament over Partygate.

"Johnson achieved a remarkable election victory in 2019. But he has let things slide since then," former cabinet member David Davis, who voted against him Monday, wrote in The Times.

"His victory in (Monday's) vote provides his last chance to get his act together."

(B.Hartmann--BBZ)