Elizabeth Truss, Chief Secretary to the Treasury
Truss graduated from Merton College, Oxford in 1996 having studied philosophy, politics and economics.
She began her career working in the energy and telecommunications industry, then becoming a qualified management accountant. She also worked as deputy director of think tank Reform.
Truss entered parliament in 2010 as the MP for South West Norfolk, and in 2012 she was appointed as Parliamentary Under-Secretary of State at the Department for Education, becoming the youngest female cabinet minister in British history.
Between 2014-2016, Truss was Secretary of State for Environment, Food and Rural Affairs.
In July 2016 Truss was appointed as Secretary of State for Justice and Lord Chancellor, becoming the first woman to hold either position.
In June 2017, following the General Election, Truss was appointed Chief Secretary to the Treasury.
Why is she on the Financial Power List?
Liz Truss ranks fourth on the Financial Power List 2018.
As Chief Secretary to the Treasury Truss is responsible for public expenditure, and some issues within her remit are capital investment, trade spending, transport policy, public sector pay and pensions, and more.
An unlikely Instagram and Twitter star, Truss champions the Conservative party reaching out to younger generations while touting the benefits of free enterprise.
In her role as Chief Secretary, Truss also oversees tax credits, childcare and labour market policies.
The Treasury is government’s economic and financial ministry, which maintains control over public spending and sets the direction of the UK economic policy. It strives to achieve strong and sustainable economic growth.
It’s responsibilities include overseeing financial services policy, strategic oversight of the UK tax system, and the delivery of infrastructure projects across the public sector and facilitation of private sector investment into UK infrastructure.