Jacob Rees-Mogg out of cabinet as ‘socialist’ Rishi Sunak shakes up UK government

The old ally of Boris Johnson and Liz Truss was the first to acknowledge that he was out as the newly appointed Conservative leader began a government shake-up.

Jacob Rees-Mogg was returning to the backbenches (Aaron Chown/PA)

Jacob Rees-Mogg has quit as Business Secretary after conceding he would not get a job in Rishi Sunak’s cabinet despite recanting his claim the new prime minister was a “socialist”.

The old ally of Boris Johnson and Liz Truss was the first to acknowledge on Tuesday that he was out as the newly appointed Conservative leader began a government shake-up.