Accountants sidelined in ministerial reshuffle

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John Stokdyk
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While some commentators characterise David Cameron’s Cabinet reshuffle as a kick in the teeth for his Lib Dem coalition partners, accountant-ministers fared little better.

The biggest victim was transport secretary Justine Greening (pictured), who was switched to the international development portfolio as a result of her refusal to countenance any discussion of a third runway at Heathrow airport. As the MP for Putney, a vulnerable constituency right underneath the airport’s flightpath she had little choice.

A former finance manager with Centrica before she entered Parliament, Greening was initially appointed

Greening trained with PwC. Before she was moved to transport (the position she had shadowed in opposition), she was appointed economic secretary to the Treasury in May 2010. A...

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06th Sep 2012 09:25

More background from ICAEW's Michael Izza

I hate to admit it, but ICAEW CEO Michael Izza has slightly contacts in Westminster than I do.

In a blog posted yesterday, he drew attention to a couple more chartered accountants in government.

ICAEW member Mark Harper has moved from the Cabinet Office to become immigration minister, while Nick Gibb remains an education minister. My apologies for missing out those two from my round-up.

Lord Sasson is another accountant-minister, but he has indicated that he wants to give up his appointment as commercial secretary in January to return to the private sector.

The reshuffle has meant big changes for ICAEW’s areas of interest, according to Izza. Norman Lamb is being switched away from his role as minister of the professions, and Mark Prisk will no longer be responsible for enterprise. However Exchequer Secretary to the Treasury David Gauke is still in post and will be responsible for tax.

At the Department for Business Innovation and Skills, Michael Fallon replaces Prisk (a campaigner against IR35 before the 2010 election) as minister for business and enterprise. "We hope he continues with the Small Business Economic Forum, which has been an effective tool for putting across the views of our members," said Izza.

Jo Swinson has been appointed minister for the accountancy profession and will have have audit reform and women board representation on her agenda. 

As the new joint parliamentary under secretary for BIS and the Department for Education  Matthew Hancock will be a key figure for the institute, Izza added, because of his focus on business and skills.

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07th Sep 2012 13:12

breach of school rule number 1 for DC

any breach of common sense ......

why on earth was Greening put into transport in the first place , as MP for Putney  she was obliged first and foremost to protect her constituents interests re 3rd runway

incidentally i wonder if she declared , or was even asked, her position before accepting Transport if she didnt perhaps she shouldnt be in the cabinet at all

international development mmm

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