Making the Tax System Work for Entrepreneurs
David Gauke was appointed Chief Secretary to the Treasury on 14 July 2016. He was elected the Conservative MP for Hertfordshire South West in May 2005.
Born in 1971 and educated at Northgate High School in Ipswich, David read law at St Edmund Hall, Oxford University. After a year working as a parliamentary researcher, he attended Chester College of Law before becoming a trainee solicitor.
David was a member of the Treasury Select Committee from February 2006 until he was appointed as a Shadow Minister for the Treasury in June 2007. As a Shadow Treasury Minister, he focused on tax policy, including matters such as tax simplification and corporation tax reform. He was appointed Exchequer Secretary to the Treasury in May 2010, and promoted to Financial Secretary to the Treasury in July 2014 where he served until July 2016.
The Chief Secretary is responsible for:public expenditure including
- spending reviews and strategic planning
- in-year spending control
- public sector pay and pensions
- Annually Managed Expenditure (AME) and welfare reform
- efficiency and value for money in public service
- capital investment
- infrastructure deals
- Treasury interest in devolution to Scotland, Wales and NI
- EU Budget and wider EU issues, including deputising for the Chancellor at ECOFIN
- childcare policy, including tax free childcare
- tax credits
- labour market policy
Sponsored by Octopus Investments
Octopus is a fast-growing UK fund management business with leading positions in several specialist sectors including smaller company investing, healthcare and energy. Founded in 2000, Octopus manages more than £4.7 billion of funds on behalf of 50,000 investors.
APPG for Entrepreneurship
The APPG for Entrepreneurship was set up to encourage, support and promote entrepreneurship and to engage with entrepreneurs; and to ensure that Parliament is kept up to date on what is needed to create and sustain the most favourable conditions for entrepreneurship.