An assertion from Boris Johnson’s official spokesperson that the prime minister has “no plans” to reshuffle his top posts on 9 September, as much rumoured, has provided only small comfort to the City’s most senior lobbyists. 

Government affairs heads at the City’s largest banks and asset managers are growing increasingly anxious that the minister responsible for helping the UK’s financial services sector capitalise on Brexit is set to be promoted amidst the impending shake-up.