Changes at HM Treasury

Tax Diary August/September 2019
July 25, 2019
NIC Act 2019 receives Royal Assent
July 31, 2019

Changes at HM Treasury

Within hours of entering 10 Downing Street for the first time as Prime Minister, Boris Johnson had filled most of the senior cabinet roles by undertaking a major overhaul of cabinet members.

After three years in the job, the previous Chancellor of the Exchequer, Philip Hammond resigned his position to the outgoing Prime Minister, Theresa May rather than face the sack. He has been replaced in the job of Chancellor by Sajid Javid who was already in the cabinet as Britain’s foreign secretary. The new Chancellor is a leading Brexiteer and has already vowed to release significant extra funding to ensure Britain leaves the EU on 31 October 2019 with or without a deal.

The holder of the role of Chief Secretary at the Treasury has also changed with Rishi Sunak replacing Liz Truss who has been appointed the new Secretary of State for International Trade. There was also one further new appointment to the ministerial team at the Treasury with Simon Clarke appointed Exchequer Secretary. Jesse Norman, Financial Secretary and John Glen, Economic Secretary have been reappointed to their previous roles by the new Prime Minister.

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