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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Jessica Weisman-Pitts

    Posted on April 13, 2022

    Featured image for article about Top Stories

    LONDON (Reuters) -A senior British minister said on Wednesday that Prime Minister Boris Johnson did not set out to break COVID laws with malice and is mortified after he was fined by police for attending a gathering during lockdown, as calls mounted for Johnson to quit.

    Johnson, his wife Carrie and finance minister Rishi Sunak were fined on Tuesday for breaching laws the government imposed to curb COVID-19, drawing a wave of condemnation, including from the families of those who died alone during the pandemic.

    Senior ministers have rallied round Johnson while a number of previous critics in his Conservative Party have said now was not the time for a change in leadership given the crisis in Ukraine.

    However, David Wolfson, a junior justice minister, did resign on Wednesday, saying “recent disclosures lead to the inevitable conclusion that there was repeated rule-breaking, and breaches of the criminal law”.

    The prime minister initially told parliament that no parties took place. But police are investigating 12 gatherings after an internal inquiry found his staff had enjoyed alcohol-fuelled parties when social mixing was all but banned in the country.

    Johnson has since said he attended some of the events, raising the prospect that he could face further fines. He said on Tuesday that it had not occurred to him that he was in breach of the rules, rejecting calls for his resignation.

    “I’m not saying that the prime minister isn’t a flawed individual. We’re all flawed in different ways,” transport minister Grant Shapps told Sky News. “The question is did somebody set out to do these things with malice?”

    “The prime minister is mortified about it, but I think there’s a big job for him to get on and do on behalf of the British people, on behalf of the world fighting this cruel war.”

    The revelations about boozy Downing Street parties provoked resignation calls from Conservative lawmakers earlier this year. However, that pressure largely abated with the war in Ukraine.

    Johnson won a landslide election in 2019 on a promise to complete Britain’s exit from the European Union, but his premiership has been marked by a series of dramatic events, from suspending parliament over a Brexit impasse and his own experience of COVID.

    His fine is believed to represent the first time a British leader has been found to have broken the law while in office.

    Sunak, a former banker who became chancellor on the eve of the pandemic, took seven hours to release a statement in which he apologised, prompting a report in the Times newspaper that he had considered quitting.

    One lawmaker in Johnson’s Conservative Party said on Wednesday that the prime minister should go. “I don’t think the PM can survive or should survive breaking the rules he put in place,” Nigel Mills told the BBC. “He’s been fined, I don’t think his position is tenable.”

    (Reporting by Kate Holton, Michael Holden and Muvija M; Editing by Hugh Lawson and Elaine Hardcastle)

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