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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Boris Johnson wins the race to become Britain’s next prime minister

'It’s time to get to work to deliver Brexit by 31st October, unite the party, defeat Jeremy Corbyn – and energise our country!’ said Johnson.

Boris Johnson Source: Bloomberg

British politician Boris Johnson was confirmed as the new leader of the Conservative Party on Tuesday, winning the race to become the next prime minister of the United Kingdom (UK). The new leader will take over as prime minister officially today (July 24, 2019) and unveil his new cabinet, as well as make calls out to other world leaders in his first greeting as UK's leader.

Following the announcement of his win as the leader of the Conservative Party to succeed UK prime minister Theresa May, Johnson delivered a speech with the call ‘to unite this amazing country’.

Johnson subsequently posted on his Twitter the video of his speech accompanying the words: ‘It’s time to get to work to deliver Brexit by 31st October, unite the party, defeat Jeremy Corbyn – and energise our country!’

The exiting prime minister Theresa May will be making a short farewell speech on Wednesday (24 July, 2019) before handing her resignation to the Queen of the UK, Elizabeth II.

Meanwhile, Johnson will be seeking an audience at the palace where he will be invited to form a government before leaving to make a speech outside Downing Street.

The soon-to-be prime minister will then announce the most senior cabinet appointments including the chancellor and home secretary before making calls out to other world leaders in a first chat as a leader of the UK.

Johnson is expected to make a statement to Parliament on Thursday about his Brexit strategy and take questions from members of Parliament.

Read more on EU agrees to delay Britain’s exit to 31 October

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