The resignation of Rishi Sunak and Sajid Javid from Boris Johnson's government dominates headlines.
The resignation of Chancellor Rishi Sunak and Health Secretary Sajid Javid dominates Britain's papers on Wednesday. "Johnson on the brink" headlines the Times after the ministers walked out in what the paper describes as a "coordinated move that dealt a potentially fatal blow" to the prime minister. The paper reports Boris Johnson's opponents are intending to change the party's leadership rules to push for a second confidence vote before May.
The paper notes markets will be watching what the change in chancellor will mean for economic policy, including the possibility of a looser fiscal regime that could force the Bank of England to raise interest rates.Boris Johnson "dismissed a failed coup" and now has a "moment of liberation" to make sweeping tax cuts, is the Daily Express's take.
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