Sajid Javid has shocked Westminster by quitting as chancellor in the middle of Boris Johnson's cabinet reshuffle.
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Mr Javid rejected the prime minister's order to fire his team of aides, saying "no self-respecting minister" could accept such a condition. He has been replaced as chancellor by Chief Secretary to the Treasury Rishi Sunak - who just seven months ago was a junior housing minister.
Mr Javid had been due to deliver his first Budget in four weeks' time.
The former home secretary was appointed chancellor by Mr Johnson when he became prime minister in July.
His resignation follows rumours of tensions between Mr Javid and the prime minister's senior adviser Dominic Cummings.
Political Editor Nicholas Watt reports.
Emma Barnett speaks to former treasury minister, David Gauke and Lord Lamont former Chancellor of the Exchequer.
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