Henry Paulson, the chairman of investment bank Goldman Sachs, has been
nominated as the US treasury secretary to replace from John Snow, who is
resigning after three years in the job.
Paulson has been chairman and chief executive of Goldman Sachs since May
1999, when the bank went public, and has worked at the banks since the 1970s.
Referring to him as Hank, president Bush described the American economy as
‘powerful, productive and prosperous’ and said he looked forward to working with
Paulson to ‘keep it that way’.
Bush has had a hard time keeping treasury secretaries after Snow’s
predecessor Paul O’Neill, the former boss of aluminium maker Alcoa, spent only
eighteen months in the job before resigning at the end of 2002.
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals
One of the bigger announcements of the final Spring Budget is the raising of Class 4 NICs for the self-employed