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David Cameron walking up Downing Street to be appointed foreign secretary was the twist no one expected – the character from the end of season one brought back for the finale.

The news eclipsed the departure of Suella Braverman – who pushed the limits of collective responsibility and was blamed by her own colleagues for inflaming protests over the weekend.

So, what does the surprise return of our former prime minister, seven years out of office, tell us about this government?

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You can see the argument that Rishi Sunak is bringing back a “big beast” to bolster his administration as it heads towards a difficult election. David Cameron has long experience in government, pulled off a surprise election victory in 2015 and has clout on the world stage at a time of global instability.

But this also looks like a shift in political direction – a swerve away from right-wing populism associated with the former home secretary and towards a traditional centre-right Toryism.

It has certainly cheered the party’s One Nation MPs, the often-sidelined remaining Cameroons who felt out in the cold during the Boris Johnson years. Damian Green, a leading member of this group, called his appointment a move to the “centre-right”.

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Other MPs in what could be called “blue wall” seats – those facing a challenge from the Liberal Democrats, and broadly not enamoured with Brexit or the Rwanda policy – also welcomed the appointment. Another former minister told me “the grown-ups are back in charge, Cameron is a class act”.

They added that what the home secretary was doing last week in taking on the Met police was “pure populism”. His appointment is likely to reflect concern about shoring up these blue wall seats.

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Former Prime Minister and newly appointed Foreign Secretary David Cameron walks outside 10 Downing Street
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David Cameron walks outside 10 Downing Street

But for that reason, it’s a move likely to infuriate the right of his party and its supporters. It could also raise questions about some of Sunak’s own instincts, given the prime minister has promised to “stop the boats”, has socially conservative views on gender, crime and migration, and still hopes to make his Rwanda scheme a reality.

One of Sunak’s supporters described it as a sign of “professionalism” after an all-too-obvious tug of war within the cabinet. Sunak is now not thought to be at risk of a leadership challenge, with an election on the horizon, and can choose the cabinet he wants after a period of having to placate parts of the party who backed him in the leadership contest.

Suella Braverman leaves her home
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Suella Braverman leaves her home this morning

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But the unelected Cameron comes with baggage. Most obviously, there is Brexit – having campaigned for Remain, he brought about our EU exit with all the messy consequences that dogged his successors. Those tensions have eased within the Conservative Party but have by no means disappeared.

Increasing suspicion of him on the right of the party will be his record on China, and the “golden age” he championed – now seen by many in government as a mistake, as China is regarded as presenting a major geo-political challenge for the UK.

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Theresa Villiers, a Brexiteer who served in David Cameron’s cabinet and is a member of the Intelligence and Security Committee, which recently published a highly critical report on the government’s China policy, told me MPs would have questions for him, saying: “I welcome David Cameron’s return. He is hugely talented and has much to offer government.

“The political landscape has changed dramatically since he resigned and MPs will want the assurance that his approach on issues such as Brexit and China will reflect where we are now, not where we were during the Cameron era in Downing Street. I’m sure he will be able to give that reassurance.”

This reshuffle is likely to be the last significant one before the general election. Previous prime ministers facing difficult electoral tests have brought back big beasts from the past – Gordon Brown with Lord Mandelson in 2008, before going on to lose the 2010 election 18 months later.

Sunak used his recent party conference speech to portray himself as the candidate of change – after 30 years of what he called 30 years of broken politics. He’s now relying on a key figure from the past to try and secure his survival.

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Kenya drafts legislation to regulate cryptocurrencies

Kenya is preparing legislation to regulate cryptocurrencies with a draft proposal open for public feedback until Jan. 24.

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Wolf Capital co-founder pleads guilty to $9.4M Ponzi, promised 547% returns

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Wolf Capital co-founder pleads guilty to .4M Ponzi, promised 547% returns

According to the US Department of Justice, Wolf Capital’s co-founder has pleaded guilty to wire fraud conspiracy for luring 2,800 crypto investors into a Ponzi scheme.

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Rachel Reeves lands in China amid pressure to cancel trip over market turmoil

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Rachel Reeves lands in China amid pressure to cancel trip over market turmoil

Making Britain better off will be “at the forefront of the chancellor’s mind” during her visit to China, the Treasury has said amid controversy over the trip.

Rachel Reeves flew out on Friday after ignoring calls from opposition parties to cancel the long-planned venture because of market turmoil at home.

The past week has seen a drop in the pound and an increase in government borrowing costs, which has fuelled speculation of more spending cuts or tax rises.

The Tories have accused the chancellor of having “fled to China” rather than explain how she will fix the UK’s flatlining economy, while the Liberal Democrats say she should stay in Britain and announce a “plan B” to address market volatility.

However, Ms Reeves has rejected calls to cancel the visit, writing in The Times on Friday night that choosing not to engage with China is “no choice at all”.

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The chancellor will be accompanied by Bank of England governor Andrew Bailey and other senior executives.

She will meet with her counterpart, Vice Premier He Lifeng, in Beijing on Saturday to discuss financial services, trade and investment.

She will also “raise difficult issues”, including Chinese firms supporting Russia’s invasion of Ukraine and concerns over constraints on rights and freedoms in Hong Kong, the Treasury said.

But it did not mention whether Ms Reeves would raise the treatment of the Uyghur community, which Downing Street said Foreign Secretary David Lammy would do during his visit last year.

Britain's Foreign Secretary David Lammy and Chinese Foreign Minister Wang Yi shake hands before their meeting at the Diaoyutai State Guesthouse in Beijing. Pic: AP
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Britain’s Foreign Secretary David Lammy and Chinese Foreign Minister Wang Yi in Beijing. Pic: AP

On Friday, Culture Secretary Lisa Nandy defended the trip, telling Sky News that the climbing cost of government borrowing was a “global trend” that had affected many countries, “most notably the United States”.

“We are still on track to be the fastest growing economy, according to the OECD [Organisation for Economic Co-operation and Development] in Europe,” she told Anna Jones on Sky News Breakfast.

“China is the second-largest economy, and what China does has the biggest impact on people from Stockton to Sunderland, right across the UK, and it’s absolutely essential that we have a relationship with them.”

Read more – Ed Conway analysis: The chancellor’s gamble with China

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Nandy defends Reeves’ trip to China

However, former prime minister Boris Johnson said Ms Reeves had “been rumbled” and said she should “make her way to HR and collect her P45 – or stay in China”.

While in the country’s capital, Ms Reeves will also visit British bike brand Brompton’s flagship store, which relies heavily on exports to China, before heading to Shanghai for talks with representatives across British and Chinese businesses.

It is the first UK-China Economic and Financial Dialogue (EFD) since 2019, building on the Labour government’s plan for a “pragmatic” policy with the world’s second-largest economy.

Sir Keir Starmer was the first British prime minister to meet with China’s President Xi Jinping in six years at the G20 summit in Brazil last autumn.

Relations between the UK and China have become strained over the last decade as the Conservative government spoke out against human rights abuses and concerns grew over national security risks.

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How much do we trade with China?

Navigating this has proved tricky given China is the UK’s fourth largest single trading partner, with a trade relationship worth almost £113bn and exports to China supporting over 455,000 jobs in the UK in 2020, according to the government.

During the Tories’ 14 years in office, the approach varied dramatically from the “golden era” under David Cameron to hawkish aggression under Liz Truss, while Rishi Sunak vowed to be “robust” but resisted pressure from his own party to brand China a threat.

The Treasury said a stable relationship with China would support economic growth and that “making working people across Britain secure and better off is at the forefront of the chancellor’s mind”.

Ahead of her visit, Ms Reeves said: “By finding common ground on trade and investment, while being candid about our differences and upholding national security as the first duty of this government, we can build a long-term economic relationship with China that works in the national interest.”

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