After being knocked out of the race in becoming the UK's Prime Minister, the home secretary has pledged his support for Boris Johnson in the current leadership contest. Javid is reportedly eyeing the keys for No.11 with the intention of becoming the next chancellor amidst fears of a crashing pound in the event of a no-deal Brexit.
The home secretary has put his weight behind Johnson and insisted that “he is the best-placed to deliver Brexit”.
The move comes right after the former foreign secretary, Johnson told the Tory hustings that he would take up no-deal with the EU in hopes of receiving a better deal. However, Chancellor Philip Hammond had warned earlier in the week that the “pound would crash” if Johnson took the UK out of the EU without a deal.
In the meantime, it is revealed that Javid is planning for an emergency budget if a pact is not reached. While, more than a sixth of expats — 17 per cent — intend to liquidate UK assets if there is a no-deal, according to a recent figure.