Oliver Dowden resigns as chairman of UK Conservative Party

Read full post at forexlive.com

In case you missed it, the Tories suffered two losses in by-elections yesterday. Labour won back Wakefield, which was seized among the ‘red wall’ seat back in 2019. Meanwhile, Lib Dems took Tiverton and Honiton with a 30% swing in votes.

It is a major upset for Boris Johnson but it arguably highlights the growing discontent with the government amid the cost-of-living crisis that is brewing.