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Boris Johnson, the former foreign secretary, was officially announced as the new Conservative party leader and UK prime minister on Tuesday (23 July).

Widely tipped to beat rival Jeremy Hunt, he won more than 66% of the vote by Conservative Party members and formally took control on Wednesday.

He has consistently pledged to deliver Brexit by 31 October or allow a ‘no-deal’ exit. But with a spate of ministerial resignations before he won the role, he could have as tough a time as his predecessor.

Despite this, his usual ebullient manner was in evidence in his speech, as he told “doubters” that “Dube, we are going to energise the country”. Market reaction was somewhat muted as it awaits more Brexit strategy details.