The 62-year-old Folkestone and Hythe MP was elected unopposed by his Parliamentary colleagues to the job.
Now the former home and trade and industry secretary will submit his name for endorsement by the party membership.
Howard has promised an inclusive party ‘led from the centre’ with a commitment to cutting taxes through greater government efficiency and less bureaucracy.
In his shadow cabinet reshuffle home affairs supremo Oliver Letwin is expected to get Howard’s old job in charge of the Treasury brief ahead of shadow chief secretary Howard Flight with former shadow chancellor Michael Portillo becoming shadow home secretary.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements