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The UK city minister resigned, questioning the pace of the Johnson government’s reform MPNRC News

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Britain’s economic services minister, John Glenn, resigned on Wednesday in protest of Prime Minister Boris Johnson, just days before the government unveiled a bill to “reset” the post-Brexit economic sector.

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In a letter to the Prime Minister, Glenn said, “I can no longer reconcile my commitment to the role and the financial services sector because I do not fully trust your continued leadership in our country.

Both Finance Minister Rishi Sunak and Health Secretary Sajid Javid resigned after announcing their sudden departure late on Tuesday.

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Britain’s economic sector, one of its most important tax-raising industries, was largely cut off from the European Union after Brexit, and banks and insurance companies are now pressuring the government to emphasize the global competitiveness of the city of London.

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Glenn, who often joked that he was Britain’s longest-serving city minister, was first appointed in January 2018.

He has conducted more than 30 public consultations and reviews on post-Brexit economic reforms.

The sector has urged the government to accelerate reforms, the timing of which is now in doubt due to political uncertainty.

In a speech at the city’s Mansion House on July 19, Sanak enacted the new Financial Services Act to ease the rules on insurance companies and capital markets and to encourage more retail investment using Britain’s post-Brexit “independence”. Own rules.

Glenn said the bill, planned last week, would mark a new era for financial services in Britain.

The finance ministry did not immediately comment on whether plans to introduce a new financial services bill this month, led by Britain’s new finance minister Nadeem Zahawi, would go ahead.

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