Sunday, October 02, 2022

Jacob Rees-Mogg’s Business Partner Given Senior Minister Role

THE GUARDIAN: City financier who co-founded investment firm with business secretary is made trade minister

Jacob Rees-Mogg and other senior cabinet members face questions about being too close to the City. Photograph: Paul Ellis/AFP/Getty Images

The City business partner of Jacob Rees-Mogg has been handed a peerage and job as a senior minister by Liz Truss’s government in a move likely to trigger accusations of cronyism.

Dominic Johnson, a financier who co-founded Somerset Capital Management with Rees-Mogg, was appointed as a minister in the Cabinet Office and the Department for International Trade.

The announcement was slipped out on the government’s website, which said he had been appointed as of Sunday.

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The appointment is likely to be controversial at a time when Truss, her chancellor, Kwasi Kwarteng, and Rees-Mogg face questions about being too close to the City, after the mini-budget handed substantial tax cuts to financiers and the wealthy. » | Rowena Mason, Whitehall editor | Sunday, October 2, 2022

WTF! This administration is as corrupt as corrupt can be! Talk about jobs for the boys … this is it! This country’s government behaves in a way one would expect a banana republic’s government to behave. Kick these corrupt Tories out of office forthwith!

It would appear that they have already lost the next election. Now, Parliament has to find a way of bringing the date of the election forward. – © Mark Alexander