Hoban shunted to DWP’s employment minister
The man who likened financial advice qualifications to
‘McDonalds’ has been appointed as minister of state for the
department of work and pensions as employment minister.
Mark Hoban, former Financial Secretary to the
Treasury, and MP for Fareham, was not known for
extending support towards IFAs.
He had been expected to appear before the Treasury
select committee tomorrow (Wednesday 5th) along with
a Money Advice Service spokesman. It is not known
whether he will still appear; his replacement as
Financial Secretary to the Treasury had not been
revealed at the time of writing.
Mr Hoban has been replaced by Tunbridge Wells MP
This comes after a day of cabinet reshuffles, which also
saw former housing minister Grant Shapps land the
position of chairman of the Conservative party as part of
the prime minister’s shake up of ministerial jobs.
The reshuffle will see the Tory MP for Welwyn Hatfield
take over as party chairman from Baroness Warsi, who
pre-empted the news last night by announcing on
Twitter that she was stepping down following PM David
Downing Street has lined up Mark Prisk, former
business minister, for the position of housing minister.
He is the Member of Parliament for Hertford and
Stortford, and was appointed Minister of State for the
Department for Business, Innovation and Skills in May
Eric Pickles MP is to remain secretary of state for
communities and local government.
As party chairman, Mr Shapps will be a minister without
a portfolio and will still sit in the cabinet.
While serving as housing minister, Mr Shapps oversaw
the introduction of the NewBuy Scheme to help get
more first-time buyers onto the housing ladder and
increase the amount of affordable housing to UK