Mixed bag for accountants during party reshuffles

THERE WERE MIXED fortunes for accountants during the party reshuffles yesterday.

ICAEW-qualified Mark Hoban (pictured), who had served as financial secretary to the Treasury and then employment minister, moved to the backbenches. There was better news for ICAEW member Karen Bradley, who was promoted within the whips’ office. She had previously advised George Osborne before becoming a minister in the last election.

Justine Greening remains as secretary of state for international development.

Labour ACA Iain Wright retained his post as shadow business minister.

ICAS member Michael Moore lost his role as secretary of state for Scotland to Alistair Carmichael.

Chartered tax adviser and Lib-Dem MP Stephen Williams was named a junior communities minister.

Other important roles affecting the profession also changed hands. Sajid Javid takes over from Greg Clarke as financial secretary to the Treasury. The role usually incorporates responsibility for accounting standards in the EU and international forums.

Javid’s former role as economic secretary to the Treasury is passed onto former corporate lawyer Nicky Morgan. The role should see her handling some of the detail of the next Finance Bill.

Professions minister Jo Swinson and tax minister David Gauke retain their roles.

Former Deloitte management consultant Chloe Smith stepped down as Cabinet Office minister.

Related reading