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Johnson ally Lord Grimstone quits role as investment minister

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Lord Grimstone is to return to the private sector after just over two years in which he tried to overhaul Britain's approach to attracting major foreign investment, Sky News learns.

Lord Grimstone, the City grandee who was parachuted into government by Boris Johnson to boost Britain’s record on foreign direct investment, has quit to return to the private sector.

A Downing Street source said that Lord Grimstone, a close ally of Mr Johnson's, had decided that the PM's enforced departure left him with little choice but to step down.

 

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