The Government has appointed two new ministers today, following the departures of Lord Strathclyde as Leader of the House of Lords and Lord Sassoon as Commercial Secretary to the Treasury.
In an unexpected move, 52-year-old Lord Strathclyde has stepped down after 25 years on the Conservative front bench in order to pursue a second career in business. He will be replaced by Lord Hill of Oareford, who entered the Lords in 2010. Lord Hill, who started his career as a Whitehall adviser and was Political Secretary and Head of the Prime Minister’s Political Office from 1992 to 1994, had previously been Parliamentary Under-Secretary of State for Schools in Michael Gove’s Department for Education.
Lord Sassoon is being replaced as Commercial Secretary to the Treasury by Lord Deighton, in a move that was announced in the September reshuffle. Deighton, a former investment banker who was Chief Executive of the London Organising Committee of the Olympic and Paralympic Games (LOCOG), will lead the Coalition’s efforts to boost infrastructure spending.