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Jacob Rees-Mogg’s business partner given senior minister role

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

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.

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