View more on these topics

Jim O’Neill to lead Govt devolution plans

Former Goldman Sachs chief economist Jim O’Neill is to be made a peer and will help shape the Government’s devolution plans as commercial secretary to the Treasury.

In a speech in Manchester yesterday, Chancellor George Osborne announced O’Neill – who coined the term Brics to describe emerging economies – would be placed “right in the heart of Government”.

He said: “I’m very pleased to announce that the Prime Minister has appointed him to my department as the commercial secretary to the Treasury – right in the heart of Government, in the department that historically fought tooth and nail to stop giving up power, we have a brilliant new minister to help make devolution and the northern powerhouse happen.

“And he’ll work to deliver the big infrastructure investments and links to emerging economies our country needs.”

Since the Scottish independence referendum and the Scottish National Party’s election triumph, calls for greater devolution away from Westminster have grown louder.

A Cities Devolution Bill will be in the Queen’s Speech later this month.

Osborne said: “This law will pave the way for Greater Manchester – and, importantly, other cities as well, to take greater control and responsibility over all the key things that make a city work, from transport and housing to skills, and key public services like health and social care.

“It means by the end of this year the legal framework will be set so that any city can proceed to implement a mayoral devolution deal.”

O’Neill worked at Goldman Sachs between 1995 and 2013. He chaired the Cities Growth Commission until October 2014, is chairing a review into anti-microbial resistance and is a non-executive director the Department of Education.

The role is unpaid.

Recommended

Altmann-Ros-2010-700x450.jpg

Pensions minister Ros Altmann lays out priorities

New pensions minister Ros Altmann has outlined her priorities in her first public statement since entering Government. Altmann says her key focuses will be the state pension, auto-enrolment and safeguarding pension freedoms. She says: “As our population ages, it is more important than ever to help, encourage and empower people to plan and prepare for […]

Brandon Lewis to remain housing minister despite confusion

Brandon Lewis will remain housing minister despite reports he had been replaced. Yesterday, it was being wrongly claimed on Twitter that Mark Francois had been made the new housing minister after he was appointed minister of state for communities and local government. The rumours were fuelled by the fact Lewis’ photo and profile had been […]

Altmann-Ros-2010-700x450.jpg
3

Ros Altmann confirmed as pensions minister

Prime minister David Cameron has confirmed Ros Altmann is to be pensions minister, days after she told Money Marketing she had turned down the role. Prior to the election Altmann said she would be minister responsible for consumer protection and education. She said she did not want to be pensions minister because she thought she […]

Stephen-Womack-MM-Peach-700.png
1

Stephen Womack: There is not always a right answer

I recently read a fascinating book a client recommended to me. Called Do No Harm, it is written by leading brain surgeon Henry Marsh. The book is both a memoir of his medical life and an exploration of what it is like to have to make daily decisions on who to treat and who is […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment