Liz Truss takes over from David Gauke as UK’s Chief Secretary of the Treasury

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2026

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Liz Truss takes over from David Gauke as UK’s Chief Secretary of the Treasury

Liz Truss

Following the UK’s general election, which led to several government ministers losing their seats, former Justice Secretary Liz Truss, the MP for South West Norfolk, has taken the place of former Chief Secretary of the Treasury David Gauke.

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 Article 50. 

more across site & shared bottom lb ros

More from across our site

An OECD report on taxation of the digital economy is expected by the end of 2026, according to the group of nations
Trophy assets are evolving from personal indulgences to structured investments, prompting family offices to prioritise tax efficiency, governance discipline, and cross-border compliance
As demand for complex, cross-border private client counsel spikes, Patrick McCormick sees opportunity in starting from scratch
As part of an exclusive global alliance, KPMG will become one of Anthropic’s ‘preferred consultants’ for private equity
In the second part of this series, the focus shifts to how taxpayers can manage ongoing risks across the lifecycle of cross-border structures
Jurisdictions have moved to ensure that multinationals are not punished for late GIR filings due to a lack of available filing portals or exchange relationships
HMRC’s push for unified tax adviser registration won’t prevent every instance of improper conduct, but it is good for taxpayers and the UK’s reputation
Elsewhere, the UAE’s tax office has issued an update on registration penalties and two firms have been busy making lateral hires
The case sits within a context of Brazil signalling that it is replacing informal discretion and ambiguity with structures that reward analytical rigour, one expert tells ITR
Jeff Soar lifts the lid on WTS UK’s ambitious recruitment plans, the firm's positioning against the big four, and why tax is the perfect profession for AI
Gift this article