Mr BRICS quits Treasury post after reported row over China

Former Goldman Sachs chief economist Jim O'Neill resigned from the Treasury on Friday after he reportedly clashed with new Prime Minister Theresa May over Chinese investment in the country. O'Neill, who coined the BRICS acronym to group the world's largest emerging economies while at Goldman Sachs, worked in the Treasury as a junior secretary overseeing infrastructure policy and promoting Britain as a source of foreign direct investment. The Financial Times said in July that O'Neill could quit h