Liberal Democrat David Laws is the new Chief Secretary to the Treasury.
David Laws, age 44, is the Liberal Democrat Member of Parliament for Yeovil and was first elected in 2001.
David Laws graduated from Cambridge with a double first class degree in economics and went into investment banking, becoming a Vice President of JP Morgan from 1987 to 1992 and then Managing Director and the Head of US Dollar and Sterling Treasuries at Barclays de Zoete Wedd.
In 1994 he became economic adviser to the Liberal Democrats and from 1997–1999 he was the Lib Dems Director of Policy and Research, before becoming an MP at the 2001 general election.
