FTSE 100 LIVE: FTSE plummets as Boris Johnson prepares for No10 CHAOS | City & Business | Finance
The FTSE 100 index looks set to retreat at the start on Friday, extending Thursday’s decline following three previous sessions of strong gains as the early week optimism over a coronavirus (COVID-19) vaccine. This comes as chaos ensues in the British Government as Boris Johnson is hit with a number of resignations. Last night a Downing Strret source said that Dominic Cummings, the Prime Minister’s chief Downing Street advisor, is to resign at the beginning of next year.
According to a Downing Street source, speaking to the Daily Mail, Mr Cummings will quit at start of next year when the Brexit transition process is complete.
Mr Cummings is said to be furious that Lee Cain, the Number 10 communications director, was ousted after an internal power struggle.
The power struggle within Number 10 erupted after Mr Johnson attempted to promote Mr Cain to be his new chief of staff.
However this was reportedly opposed by other influential Downing Street figures, including his fiancé Carrie Symonds.
As a result Mr Cain resigned on Wednesday.
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