Sajid Javid has resigned as Chancellor of the Exchequer.

He had held the role since July 2019 and leaves having never delivered a Budget.

According to the BBC's Laura Kuenssberg, Javid was offered the chance to keep his role on the condition that he fired all of his advisers. He refused.

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ITV's Robert Peston then reported that Javid quit after refusing to have his advisors report to Boris Johnson's chief political strategist Dominic Cummings.

Kuenssberg has since tweeted that there will be a new joint "advisers for Number 10 and 11 – in other words Number 10 trying to take control big time".

Chief Secretary to the Treasury Rishi Sunak is the replacement to replace Javid.

More to follow...