Wednesday 20 May 2026 1:48 am  |  Updated:  Tuesday 19 May 2026 4:09 pm

The Square Mile gets its fourth City Minister – could it soon get its fifth?

By: Samuel Norman

Senior City Reporter

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Four City minsters later, in this week’s column Samuel Norman takes a look at the blow to the Square Mile from the latest reshuffle. Also on the agenda: Revolut’s plans for the high net worth faces off with ambitions of incumbents.

“Look for the girl with the sun in her eyes…” So goes the lyrics of The Beatles 1967 hit ‘Lucy in the Sky with Diamonds’.

One Lucy who certainly has had the sun in her eyes is City minister Lucy Rigby (sister to Eleanor?), a rare gem in the government, who impressed the Square Mile since she took up her post in September last year.

Readers of this column will remember the solicitor-turned-MP held a series of crunch talks with the bosses of the nation’s unicorns just weeks ago as they launched their gambit to unlock pension funds. Some in the talks even mentioned their fears of losing Rigby to another dreaded reshuffle or seeing her quickly move up the ranks.

Those fears have been confirmed. As John Lennon sang, those searching for Lucy will find she has gone. But in a case quite different from the narrative enshrined in the 1967 Beatles hit, instead, Lucy’s in the Cabinet with........

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