REBEKAH BROOKS GOES: Murdoch bows to shareholders.

Boris Johnson uses Wallis arrest to claim role in meltdown

Newscorp’s UK CEO resigned this morning. The pressure on Murdoch from influential shareholders had become too much to bear, said sources close to the action. I understand that Middle Eastern shareholders were pivotal to the decision. Their threat to sell some 12% of shares would have sent US Newscorp’s price on a one-way journey into the pit.

Meanwhile, the arrest of one-time NotW editor Neil Wallis by Sue Akers’ chaps made London Mayor Boris Johnson a very happy man yesterday, the Slog understands. “This has given Bo a way in,” said one ecstatic colleague last night. Johnson summoned Met Boss Sir Paul Stephenson to City Hall and demanded an explanation as to how and why he’d wound up having a former Newscorp boss as his personal media consultant.

All this is bad news for Cameron. What Rebekah says next – once arrested – will lead us perhaps the final nuclear bang on Hackgate.