Sajid Javid appointed new Chancellor of the Exchequer

Rochdale-born politician Sajid Javid MP has been appointed the new Chancellor of the Exchequer in Prime Minister Boris Johnson’s cabinet.

Previously the Home Secretary from 30 April 2018, Mr Javid, MP for Bromsgrove, was appointed to his new position on 24 July.

The Chancellor of the Exchequer is the government’s chief financial minister and as such is responsible for raising revenue through taxation or borrowing and for controlling public spending.

He has overall responsibility for the work of the Treasury.

Mr Javid has said he is “deeply honoured” to be appointed Chancellor, and is “looking forward” to working with the Treasury to “prepare for leaving the EU, unifying our country and priming our economy for the incredible opportunities that lie ahead.”

Mr Javid's father, Abdul, a bus driver, came to the UK from Pakistan in 1961, reportedly with just £1 in his pocket. He settled in Rochdale, where Mr Javid, born in 1969, and his four brothers were born.

Mr Javid, who has four children of his own, tells of how his father was a Labour supporter until the ‘winter of discontent’ of 1978-9, later becoming a supporter of Mrs Thatcher.

Similarly inspired by what he saw as a turnaround in the country's fortunes under the Conservatives, Mr Javid joined the party in 1988.

Mr Javid became an MP in 2010, and became the first Asian male Conservative cabinet minister in 2014.

Before being elected MP, he worked in business and finance. Aged 25, he became a Vice President at Chase Manhattan Bank.

He later moved to Deutsche Bank in London to help build its business in emerging market countries.

Mr Javid left Deutsche Bank as a senior Managing Director in the summer of 2009 to give something back through politics.

He has previously been the Secretary of State for Housing, Communities and Local Government; Secretary of State for Communities and Local Government; Secretary of State for Business, Innovation and Skills; and Secretary of State for Culture, Media and Sport.

Previously he was both the Economic and Financial Secretary to the Treasury.

He was a member of the Work and Pensions Select Committee from June to November 2010.