5 things you need to know about David Cameron’s new business secretary
Former culture secretary Sajid Javid has been promoted to head up UK enterprise – here's what you should know about him...
Yesterday David Cameron announced the appointment of Sajid Javid as the secretary of state for business, innovation and skills, taking over the reigns from Vince Cable. But just who is Sajid Javid and what can business owners expect from him?
The MP for Bromsgrove with previous positions as the secretary of state for culture and minister for equalities – we’ve rounded up the top five facts you need to know about the man who’s going to help shape the UK’s enterprise landscape over the coming years…
1. He has a background in business and finance
At the ripe age of 25, Javid became vice president at Chase Manhattan Bank (the youngest VP the bank had ever had). He later moved to Deutsche Bank in London in 1997 where he became senior managing director in 2004 and held this role until his exit to politics in 2009. Businesses in banking and finance should fare well under Javid.
2. He knows a thing or two about economics
As well as serving as a member of the Work and Pensions Select Committee in 2010, holding a previous ministerial position as the financial secretary to the Treasury and acting as economics secretary from 2012 to 2013, Javid holds a degree in economics and politics from Exeter University. He’ll be able to use this knowledge to manage business policies, employee relations and oversee business support.
3. He supports social enterprises and charities
Javid is at trustee of the London Early Years Foundation and has shown his support to charities such as Help the Aged by running an expedition to the summit of Mount Kilimanjaro.
4. He comes from humble beginnings
The son of a bus driver and state-school educated, Javid’s education and upbringing should help him relate to business owners of all backgrounds.
5. He’s speculated as future leader of the Conservatives
There have been several rumours that Javid stands a good chance of becoming the next leader of the Conservative party. Commentators have previously described him as a George Obsborne protégé and radio presenter Iain Dale has also shared the opinion that Javid could be the future Conservative leader.