A British minister quit the Government at the despatch box and marched out the chamber over what he called the “schoolboy” handling of fraudulent Covid business loans. Lord Agnew of Oulton’s resignation from his Cabinet Office and Treasury posts was described as “one of the most dramatic moments ever seen” in the House of Lords. He surprised those in attendance by outlining his unhappiness with working between the Department for Business, Energy and Industrial Strategy (BEIS) and the Treasury. Once he had finished his speech, the Conservative peer Lord Agnew slammed his folder shut, said “thank and goodbye”, and immediately left the chamber to applause. He had been required to appear before peers to update them about the £4.3 billion of Covid loans—written off by the Treasury —which Labour said has gone to “fraudsters”. Lord Agnew agreed the Treasury had prioritised the speed of distributing funds, but added: “What has …