Theresa May has suffered the first resignation of her premiership: Jim O’Neill has quit as a Treasury minister over the Northern Powerhouse, Hinkley Point and grammar schools. O’Neill is a close Friend of George – he’s already being linked with Osborne’s new think tank. Lobbing a grenade at Number 10 will be viewed in the context of Osborne’s multiple interventions over the last week, he’d already briefed out to the FT that he was thinking about quitting. O’Neill has also resigned the Tory whip and become a cross-bencher…

Remainers have been trumpeting the letter from eight former U.S. Treasury secretaries arguing that Brexit would leave the UK poorer, more inward looking and threaten the City. But Guido couldn’t help but find some of the signatories’ names familiar, so he decided to take a glance at a few of their CVs:

Henry Paulson: worked at Goldman for twenty years, eventually becoming CEO.
Lawrence Summers: Former Hedge fund partner, and worked as a freelance speaker. Gave six-figure speeches at Goldman and a range of other investment banks.
Robert Rubin:Spent 26 years at Goldman, eventually serving as a member of the board and co-chairman from 1990 to 1992.

Jim O’Neill, Baron O’Neill of Goldman Sachs, stands to the right of the Chancellor. It is an American tradition that the US Treasury is run by former Goldman Sachs alumni. The “vampire squid” likes to be on the inside. Osborne is a big fan of US politics and is clearly adopting the same practice. Government of the Goldmans, by the Goldmans for Goldmans…