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 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.

Glen’s resignation followed that of Rishi Sunak — chancellor of the Exchequer for the U.K. — who on Tuesday announced he would also be leaving Johnson’s government for similar reasons. Sunak said he would be stepping down amid “serious challenges” for the global economy, including the effects of the pandemic and war in Ukraine:

“The public rightly expect government to be conducted properly, competently and seriously. I recognise this may be my last ministerial job, but I believe these standards are worth fighting for and that is why I am resigning.”

Both Glen and Sunak will remain members of parliament for their respective regions of Salisbury and Richmond. During Glen’s time in the U.K. government, he promoted reforming the country’s…


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