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Good morning from the Financial Times.

Today is Wednesday, July 6th, and this is your FT News Briefing.

Boris Johnson lost several high profile members of his cabinet yesterday.

Oil prices had their biggest drop since March,

and China wants to dominate the global industry for electric vehicle batteries.

I'm Mark Filipino, and here's the news you need to start your day.

Several key members of Boris Johnson's cabinet quit yesterday,

UK Health Secretary Sacha Javit and Chancellor Rishi Sunak resigned within minutes of one another,

and Alex Chalk, the solicitor general, said a few hours later that he was out too.

Conservative lawmakers worry that even more ministers will leave, and that this could be the

beginning of the end for the Prime Minister. I'm joined now by the FT's political editor,

George Parker. George Javit and Sunak, they're really high profile names.

Do we know why they resigned yesterday?

Well, it certainly came as a surprise. They're two old friends.

They claim the resignations weren't coordinated, but nobody really believes that.

And why did they resign? Well, I mean, there was a clear common denominator,

which was both Sunak and Javit, believe the Prime Minister was leading the country in the wrong

direction. There was an undercurrent of dishonesty, I think, about the Prime Minister,

which angered both those ministers. And on top of that, I think there was also a sense from

Rishi Sunak, the Chancellor, that Boris Johnson wanted to take the country in a different

...