You are here: Home - News -

Ex-housing minister Barwell appointed PM’s chief of staff

by:
  • 09/06/2017
  • 0
Ex-housing minister Barwell appointed PM’s chief of staff
Former housing minister Gavin Barwell has been appointed Downing Street chief of staff supporting prime minister Theresa May as she rebuilds her minority government.

The previous joint chiefs of staff Nick Timothy and Fiona Hill both resigned over the weekend in an apparent acknowledgement of the failure of the election strategy.

Barwell lost his Parliamentary seat as Theresa May’s General Election gamble backfired.

Barwell, who wrote a book entitled “How to win a marginal seat”, lost his 165 vote majority in Croydon Central to Labour’s Sarah Jones.

Jones gained a 5,652 majority, collecting 29,873 votes compared to Barwell’s 24,221.

Barwell was one of eight Conservative government ministers to be defeated on a night which saw the Tories lose their overall majority resulting in a hung Parliament.

 

Hung Parliament

Berenberg Bank suggested earlier in the week that a hung Parliament would be the best result for the economy because it lessened the chance of the hard Brexit a Tory majority could have secured.

However, May’s party remained the largest and appears likely to seek a coalition of sorts with the Democratic Unionist Party which won 10 seats in northern Ireland.

Labour gained 29 seats compared to the 2015 election and Jeremy Corbyn called on May to resign following the failure of her gamble to extend her majority.

Phoebus Software sales and marketing director Richard Pike noted that it could take some time to produce a functioning government.

“Unfortunately, until a new government has bedded in, many areas that we as an industry wanted to see action on such as housing policy, may well take a back seat,” he said.

 

Hopelessness

North London estate agent and former Royal Institute of Chartered Surveyors residential chairman Jeremy Leaf added that a hung parliament will result in an extended period of uncertainty with decision-making kicked into the long grass.

“The hopelessness we are seeing on the ground about not being able to get on the housing ladder has come through,” he said.

“If there is one message that has come out of this election, it is that the young have voted overwhelmingly for change.

“Politicians will have to consider the needs of the young more than they have in the past which could mean more help for first-time buyers, perhaps extending Help to Buy so that it covers older properties as well as new build, dealing with affordability issues and more help on stamp duty.

“One thing all the parties agree on is that we need more housing so it has to be a priority for whichever formal or informal coalition is created,” Leaf added.

 

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • Jo Wilson from Legal & General Home Finance talks about her Best BDM nomination and her love for the equity release… https://t.co/0tHhv6Lwvc
  • Sponsored content: Four reasons your client wants a product transfer by Halifax Intermediaries… https://t.co/c1k3dj88LO
  • Nationwide trims rates as Accord ups cashback on buy-to-let deals - https://t.co/nbsZh3z49u

Read previous post:
Alistair Ewing
Mortgage brokers must embrace seconds to entice lenders to enter market

The second charge market is at risk of saturation if more lenders enter the space before mortgage brokers properly engage...

Close