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After several years working as a development economist in underdeveloped countries,
specialised in the energy industries becoming a Partner of a leading City firm. Elected to Parliament in 1983, he became a Treasury Minister in 1987, joined Mrs Thatcher’s cabinet as Secretary of State for Trade and Industry and subsequently became Secretary of State for Social Security under John Major where he launched a radical programme successfully to curb its £100 billion budget. He was Shadow chancellor, then Deputy leader of the Conservative Party responsible for policy renewal until 2000. Author of works on many topical issues he was appointed Chair of the Globalisation and Global Poverty Commission by David Cameron, and is now a Trustee of Trade Out of Poverty.
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