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The new (and old) line-up setting pensions and tax policy

Senior pensions and Treasury roles have changed hands in Theresa May’s Cabinet following a reshuffle in the wake of last week’s election.

The Cabinet has largely stayed in tact, with Chancellor Philip Hammond and Brexit secretary David Davis among those to hang on to their jobs.

But work and pensions secretary Damian Green has been promoted to the role of first secretary of state, May’s second in command and effectively deputy Prime Minister.

Replacing Green is David Gauke, who was previously chief secretary to the Treasury. Both men were tipped to be in the running to replace Hammond as Chancellor had the Conservatives delivered a stronger majority as was initially expected.

Liz Truss has been demoted to chief secretary to the Treasury from her previous role as Justice Secretary.

Michael Gove, a contender in last year’s Conservative leadership contest, has returned to frontline politics as environment secretary.

Andrea Leadsom, another leadership candidate and who previously sat on the Treasury select committee, has been named leader of the Commons.



Conservatives to form Govt with DUP

Prime Minister Theresa May will seek a deal with Northern Ireland’s Democratic Unionist Party for the Conservatives to stay on in power. The Conservatives failed to win a majority in yesterday’s general election, resulting in a hung parliament. May sought to secure the Conservatives a stronger majority when she called the snap election in April, […]

Bill McQuaker 480

What next for markets if the Conservatives win?

To say the announcement of a general election was a surprise would be an understatement. Downing Street had categorically ruled out an early vote and Prime Minister Theresa May insisted she was getting on with the job. The EU referendum might have been a disaster for David Cameron but it was a triumph for Theresa’s […]

The fifteen-year itch

By Neil Jones Technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The treatment of non-UK domiciles that are resident in […]


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