The Guardian reported that Lord Agnew dramatically quit on Monday as a minister at the Treasury and Cabinet Office. In his resignation letter to Boris Johnson, Agnew revealed that a critical piece of legislation, the economic crime bill, had been rejected. He described the decision as "foolish." The bill included measures to improve the UK Companies House including a public register of beneficial ownership, revealing the individuals behind companies. Stricter laws on fraud should end the "McMafia-style legislation."