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Former Barclays director appointed City minister


Prime Minister Theresa May has appointed Stephen Barclay economic secretary to the treasury.

Barclay, an advocate of Brexit, is set to be responsible for financial services policy and the Government’s relationship with asset managers, banks and insurers, Reuters reports.

He used to work in financial regulation and financial crime prevention as director of regulatory affairs and head of anti-money laundering and sanctions at Barclays retail bank.

He was a member of the public accounts committee from 2010 to 2014, became an assistant government whip under David Cameron in 2015 and was appointed Lord commissioner/Treasury Government whip a year later.

Barclay’s predecessor, Simon Kirby, lost his seat in last week’s general election.

His role of overseeing the impact of Brexit on the UK’s banking sector had already been handed to Lucy Neville-Rolfe, who quit this week.

Neville-Rolfe had been a junior minister in the Government departments responsible for culture and business before she was appointed commercial secretary to the Treasury in December.



End housing minister merry-go-round, says IMLA

The Government needs to move away from relying so heavily on a housing minister, according to the Intermediary Mortgage Lenders Association, which notes there have been 14 such ministers since 2000. Yesterday the Government appointed Alok Sharma as the new housing minister, replacing Gavin Barwell. IMLA adds that the turnover of housing ministers far outstrips the […]


Government appoints new housing minister

The Government has appointed Alok Sharma as the new housing minister, replacing Gavin Barwell. Sharma was previously minister for Asia and the Pacific at the Foreign and Commonwealth Office. Barwell lost his seat to Labour in the general election last week. Barwell previously held the Croydon Central seat, which was won by Labour candidate Sarah Jones. […]


New housing minister imminent as Gavin Barwell loses seat

Conservative housing minister Gavin Barwell has lost his seat to Labour. Barwell previously held the Croydon Central seat, which was won by Labour candidate Sarah Jones. He was elected as an MP in May 2010 with a majority of just 165. He was beaten last night by 6,652 votes. Barwell held the role of housing […]

Recording sickness absence cover - thumbnail

White paper — recording sickness absence

The latest figures from the Department for Work and Pensions illustrate that sickness absence is still a major cost to businesses, with an annual bill for sick pay and associated costs to employers of £9bn. This paper from Jelf Employee Benefits looks at the importance of recording sickness absence for any employee health strategy and how this can be carried out in an efficient manner to reduce absence, improve employee engagement and drive up profits.


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