Sajid Javid Resigns as U.K. Chancellor Following Showdown With Johnson

The transcript discusses a significant political event in the UK, where the Chancellor unexpectedly resigned, causing a stir in the markets. This event is linked to the upcoming budget and the Conservative party's spending plans, especially in the context of post-Brexit Britain. The resignation is seen as a move that could lead to increased government spending, which is atypical for the Conservative party. The market reacted with a rise in the pound and a fall in gilts, indicating expectations of future economic changes.

What was the reaction in the markets after the Chancellor walked out?

What expectations are set regarding government spending following the Chancellor's exit?