Labour has demanded a probe after Jacob Rees-Mogg's former business partner was quietly made a peer and a Trade Minister.
Critics accused the Tories of "cronyism" after Dominic Johnson, who set up Somerset Capital Management with the now-Business Secretary in 2007, was named as an International Trade Minister on Sunday.
In a blistering letter to Cabinet Secretary Simon Case, Labour Deputy Leader Angela Rayner and Shadow International Trade secretary Nick Thomas-Symonds said: "The appointment of a City Financier and business partner of the Secretary of State for Business, Energy and Industrial Strategy, Jacob Rees-Mogg MP, raises serious questions about the priorities and processes at the top of Government.
