David Gauke promoted to chief secretary to the treasury

David Gauke promoted to chief secretary to the treasury

David Gauke promoted to chief secretary to the treasury as accountants get top roles in Theresa May's new look cabinet

DAVID GAUKE has been promoted to chief secretary to the treasury, the second in command at the finance ministry, in prime minister Theresa May’s new look cabinet.

Gauke, whose new role includes responsibility for public spending, previously served as financial secretary to the treasury, having previously served as exchequer secretary. His appointment follows the decision to make Philip Hammond chancellor.

As a shadow minister for the treasury, Gauke focused on tax policy such as tax simplification and corporation tax reforms. As the minister for tax, Gauke has been a key exponent of the government’s plans to make tax digital.

In his new role, Gauke will be responsible for treasury interest in devolution to Scotland, Wales and Northern Ireland and public expenditure including:

  • spending reviews and strategic planning
  • in-year spending control
  • public sector pay and pensions
  • Annually Managed Expenditure (AME) and welfare reform
  • efficiency and value for money in public service
  • procurement
  • capital investment
  • infrastructure deals

As part of the cabinet reshuffle, which marks a major departure from David Cameron’s top team, former business secretary Sajid Javid has become the communities and local government secretary, while Greg Clark now heads the restructured department for business, energy and industrial strategy.

PwC alumnus Justine Greening has been made secretary of state for education. Greening, who trained as an accountant with PwC worked as a finance manager with Centrica before being elected as a member of parliament in 2005.

Elizabeth Truss, a qualified management accountant, was named as the first ever female lord chancellor and secretary of state for justice.

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

Professional Services Why Professional Services Firms Should Ditch Folders and Embrace Metadata

1y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

1y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine

Accounting Firms Turn Accounts Payable into a value-engine

1y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021

Making Tax Digital Digital Links: A guide to MTD in 2021

1y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource