Accountants storm the Treasury

by Accountancy Age

14 May 2010

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Two accountants have been appointed to key positions in the new Treasury team working under chancellor George Osborne.

Former PwC staffer Mark Hoban becomes financial secretary to the Treasury, after occupying the same position in the shadow team, and Justine Greening also joins the Treasury as economic secretary.

Hoban takes over the role from Stephen Timms who became gaff-prone during the run up to the election campaign but was highly regarded by many in the accounting and tax profession.

Financial secretary ranks below the chief secretary to the Treasury, a position occupied by Lib Dem David Laws. The job has included responsibility for HM Revenue & Customs and varied tax issues. Timms spoke broadly on tax in public and appeared at both the Chartered Institute of Taxation and the ICAEW.

Hoban joined PwC in 1985 and worked his way up to senior manager before being elected to Parliament in 2001.

Economic secretary is the role once filled by Ed Balls, Gordon Brown's closest adviser on economic policy. Greening trained at PwC but also worked at Glaxosmithkline and Centrica before being elected in 2005.

The Treasury group is completed by David Gauke who becomes exchequer secretary, the most junior position in the chancellor's team.

Nick Gibb, a former chartered accountant with KPMG and former shadow Minister for Schools has been appointed one of two Ministers of State at the renamed Department for Education.

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