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| Version 1 | Version 2 |
|---|---|
| Vadera stepping down as minister | Vadera stepping down as minister |
| (20 minutes later) | |
| Baroness Vadera is stepping down as business minister and will take up a new role based in Downing Street. | Baroness Vadera is stepping down as business minister and will take up a new role based in Downing Street. |
| She will advise the G20 on the design of institutions needed to implement the "framework of sustainable and balanced growth" to be agreed this week. | She will advise the G20 on the design of institutions needed to implement the "framework of sustainable and balanced growth" to be agreed this week. |
| The former investment banker was a senior Treasury adviser to Mr Brown when he was chancellor and has remained one of his key aides since becoming PM. | The former investment banker was a senior Treasury adviser to Mr Brown when he was chancellor and has remained one of his key aides since becoming PM. |
| Baroness Vadera was appointed business minister in January 2008. | |
| BBC business editor Robert Peston said it was unclear whether she would be paid in her new role. | BBC business editor Robert Peston said it was unclear whether she would be paid in her new role. |
| He added: "As Gordon Brown's closest advisor on economic and financial matters, she will be seen as working on what he hopes will be his legacy - a formal structure for creating a more stable global economy." | He added: "As Gordon Brown's closest advisor on economic and financial matters, she will be seen as working on what he hopes will be his legacy - a formal structure for creating a more stable global economy." |
| 'Logical move' | |
| Shriti has real passion for the G20 Business Secretary Lord Mandelson | |
| Business Secretary Lord Mandelson said Baroness Vadera had made a "tremendous contribution" to his department. | |
| "She has worked tirelessly to ensure businesses, especially small businesses, are supported through the recession and emerge stronger at the other side," he said. | |
| "Shriti has real passion for the G20 and has done excellent work already promoting international action to tackle the financial crisis. So this is a logical move for her and us." | |
| She will be replaced as minister for competitiveness, small business and enterprise by Mervyn Davies. | |
| Baroness Vadera first hit the headlines in 2001 during the nationalisation of Railtrack after she reportedly called small investors in the company "grannies". | |
| Earlier this year, she was criticised for claiming to see "green shoots" of economic recovery on a day when large job losses were announced. |