Snapshot: Jo Johnson resigns from UK government and calls for new referendum

LONDON (Reuters) – Jo Johnson, Boris' younger brother, resigned Friday from Prime Minister Theresa May's government, calling for a new referendum to avoid vassalism or chaos that his plans for Brexit would unleash.

Below are some reactions:

SPEECH FOR PRIME MINISTER THERESA, MAY

"The 2016 referendum was the largest democratic exercise in the history of this country. We will not have a second referendum. The Prime Minister thanks Jo Johnson for his work in the government. "

JENNY CHAPMAN, MP, BREXIT, WORK DAY, MAIN OPPOSITION

"(May) has lost all authority and is unable to negotiate an agreement on Brexit within his own party, let alone with the EU. Theresa May is in power, but not in power.

BORIS JOHNSON, MP, OJ BROTHER AND FORMER FOREIGN SECRETARY

"Unlimited admiration as always for my brother Jo. We may not have agreed on Brexit, but we are all dismayed by the indefensible British position on the intellectual and political plane. "

"This is not regaining control. It's an abandonment of control. This does not correspond to the people's mandate in June 2016. "

DAVID DAVIS MP, FORMER MINISTER OF BREXIT

"Sorry to see @JoJohnsonUK resign. He is right in saying that the current government proposals are "a parody of Brexit" and represent a huge democratic deficit – out of Europe but managed by Europe. However, a second referendum is not the way to go and is not supported by the public. "

ANDREA JENKYNS, PRO-BREXIT CONSERVATOR

"I am sure that there will be other resignations if the number 10 continues its plan for a diluted Brexit in which we stick to the rule … I do not support his views regarding a second referendum, but his resignation underlines that the current agreement is not supported by the Brexiteers or the Remainers. "

VINCE CABLE, MP, LEADER OF THE LIBERAL DEMOCRATIC OPPOSITION

"We welcome Jo Johnson's support for the campaign to give the people the last word on the deal and the opportunity to withdraw from Brexit. It's a fascinating situation in which Jo and his sister unite to oppose their brother Boris and his projects at Brexit. "

MICHAEL HESELTINE, FORMER UNDER-PREMIER MINISTER ANTI-BREXIT

"It's a very significant resignation. Here is a young politician who has everything to gain from staying in the government, continuing his distinguished career, keeping his head down and waiting for events to take place. He did not do that. He resigned on a matter of principle placing the country ahead of his party and his own career. "

ELOISE TODD, BEST MOTIF FOR THE ANTI-BREXIT CAMPAIGN IN BRITTANY

"It's an incredibly courageous gesture by Jo Johnson at a time when the public desperately needs more MPs to act in the national interest. It's been too long since we are running to blindfolded Brexit. It is therefore time for politicians to give control to the people of this country by giving them the last word on Brexit – with the possibility of staying and leading Europe. "

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MARKET REACTION

– The pound fell to a new low of one day under $ 1.30. GBP =

– It also weakened 0.3% to 87.3 pence against the euro, a low during the session. EURGBP =

– The golden yield GB10YT = RR over 10 years has fallen to its lowest level since Monday at 1.491%, down 7.5 basis points the same day.