U.K.'s Sajid Javid Resigns as Chancellor in Johnson Government

The transcript discusses an unexpected political reshuffle involving Boris Johnson and Sajid Javid, leading to market reactions such as a rally in the pound and a decline in gilts. The reshuffle is part of ongoing tensions over fiscal policy and spending plans. Rishi Sunak, a rising star in the Conservative Party, is appointed as the new chancellor, expected to align with Johnson's fiscal policies, potentially leading to increased spending.

What role did Rishi Sunak play in the context of the recent political changes?

What are the expectations regarding fiscal policy under Rishi Sunak's leadership?