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Reshuffle spells new order for financial services

Yesterdays Government reshuffle spelt all change again for the financial services industry.


Among the newcomers is Blair babe Melanie Johnson who takes over from Patricia Hewitt as Treasury economic secretary.


After just one year in the job as Hewitt moves to the Department of Trade and Industry as minister of state. She is joined at the DTI by her Treasury predecessor Helen Liddell.


The reshuffle also heralded the arrival of the third new pensions minister in under a year, with Jeff Rooker becoming minister of state for social security. He moves to the role from the ministry of agriculture, fisheries and foods.


Former pensions minister Stephen Timms becomes financial secretary at the Treasury.


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