U.K.'s Hammond Says He'll Resign If Johnson Succeeds May

The transcript discusses the anticipated political changes in the UK, focusing on the expected resignation of the Chancellor and the potential reshuffle of the cabinet under Mr. Johnson. It highlights Mr. Johnson's vulnerability to defections due to a slim majority and the challenges he may face in Parliament, especially with the possibility of a confidence vote after the summer break.

What significant announcement is expected regarding Mr. Johnson?

Who is expected to resign before Mr. Johnson can take action?

What challenges does Mr. Johnson face regarding his majority?

What is the potential impact of Conservative lawmakers defecting?

What is the significance of the upcoming summer break for Parliament?