Gauke, the MP for South West Hertfordshire, had been at the
Treasury since 2010 in various roles. First, he served as the
Exchequer Secretary from 2010 to 2014, then he was the
Financial Secretary until 2016 when he was promoted to Chief
Secretary. Gauke has now been moved on to the Department for
Work and Pensions, taking over from Damian Green.
The position of Chief Secretary is second only to the
Chancellor Philip Hammond. In his time at the Treasury, Gauke
oversaw the reform of tax rates under George Osborne, in
particular the lowering of corporation tax from 26% in 2010 to
19% today. Gauke had largely been a respected operator within
the tax community.
Before joining Parliament, Truss worked for Shell as a
commercial manager and later worked for Cable & Wireless as
economics director qualifying as a management accountant. She
also served as deputy director of Reform in 2008 and later
founded the Free Enterprise Group in 2012.
Although the Treasury is higher up the food chain than the
Department for Justice, the move from Secretary of State to
Chief Secretary is effectively a demotion for Truss, who was
widely criticised for her handling of the High Court ruling on