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In a letter to the Prime Minister he said he has loyalty “not to a man, but loyalty to this country”.

Pleading him to quit his job, he warned the crisis engulfing the government would only get worse.

“This is not sustainable and it will only get worse, for you, for the Conservative Party and most importantly of all the country,” he said.

“You must do the right thing and go now.”

His demand for the Prime minister to resign comes less than 36 hours after he was appointed as Chancellor.

More to follow…

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