Tom Scholar
| Use attributes for filter ! | |
| Gender | Male |
|---|---|
| Age | 55 |
| Date of birth | December 17,1968 |
| Zodiac sign | Sagittarius |
| Born | United Kingdom |
| Education | London School of Economics and Political Science |
| Dulwich College | |
| Trinity Hall Cambridge | |
| Previous position | Permanent Secretary to the Treasury of United Kingdom (2016–2022) |
| Chancellor | Philip Hammond |
| Sajid Javid | |
| Rishi Sunak | |
| Nadhim Zahawi | |
| Kwasi Kwarteng | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 418056 |
Tom Scholar Life story
Sir Thomas Whinfield Scholar GCB is a British civil servant who served as Permanent Secretary to the Treasury until 8 September 2022. Scholar was previously the Prime Minister's Adviser on European and Global Issues in the Cabinet Office from 2013 to 2016.
Treasury boss Tom Scholar received £335k payout after sacking
... Sir Tom Scholar was fired after Ms Truss pledged to change " Treasury orthodoxy" during the Tory leadership campaign last year...
Knighthoods for MPs who caused Boris Johnson headaches
... Sir Tom Scholar, the top Treasury civil servant sacked by former PM Liz Truss, becomes a Knight Grand Cross of the Order of the Bath...
Eleven gambles that went wrong for Liz Truss
... Sacking a top Treasury official Asa BennettDays after she moved into No 10, Truss sacked the Treasury Permanent Secretary Tom Scholar, a senior civil servant who had worked for chancellors from Gordon Brown to Rishi Sunak...
Jacob Rees-Mogg attacked over mini-budget claims
... The also said the sacking of the Treasury s top civil servant Sir Tom Scholar had contributed...
Tom Scholar: Former top civil servants hit out at Treasury boss sacking
... Sir Tom Scholar was fired this week - a move seen as part of a pledge by Ms Truss to change " Treasury orthodoxy"...
General election 2019: Row breaks out over Labour spending plans
... The publication of the Conservative document comes after civil service head Sir Mark Sedwill Sir Mark s decision came after Mr McDonnell complained vociferously to Treasury Permanent Secretary Tom Scholar...
Jacob Rees-Mogg attacked over mini-budget claims
Claims by Jacob Rees-Mogg that the UK's financial turmoil is not linked to the government's mini-budget have been criticised by economists.
The Business secretary blamed recent Market Volatility on The Bank of England's failure to raise interest rates In Line with the US.
But economists said by failing to say how it would fund its huge tax cuts, the government had played a major role.
After the mini-budget the pound plunged and government borrowing costs surged.
Analysts pinned the dramatic reaction on financial markets to concern from investors over how the huge tax cuts pledged by chancellor Kwasi Kwarteng would be paid for.
Mr Rees-Mogg told The Bbc 's Today Programme that moves in interest rates, rather than tax cut pledges had sparked the economic turmoil.
" What has caused the effect in pension funds. . is not necessarily the mini-budget. It could just as easily be the fact that The Day before The Bank of England did not raise interest rates as much as the (US) Federal Reserve did, " He Said .
" Jumping to conclusions about causality is not meeting The Bbc 's requirement for impartiality" He Said after a suggestion the chancellor's actions had been The Trigger for the fluctuations in the value of the pound and government bonds.
A range of respected economists criticised Mr Rees-Moog's claims, saying the chancellor's failure to publish an independent assessment of the UK economy would be affected by the plans alongside his mini-budget had spooked investors.
The also said the sacking of the Treasury's top civil servant Sir Tom Scholar had contributed.
Deutsche Bank 's chief UK economist Sanjay Raja told MPs the mini-budget on 23 September was the " straw that broke the camel's back".
Mr Raja argued there is " absolutely a global component" to The Chaos but was adamant there is an " idiosyncratic UK-specific component" as well.
He Said the " trade shock" because of Brexit is a factor, and added: " You throw on the September 23 event, you've got a sidelined financial watchdog, you've got lack of a medium-term fiscal plan, one of the largest unfunded tax cuts we've seen since the early 1970s, it was kind of The Straw that broke the camel's back. "
The Resolution Foundation's Torsten Bell said it was clear the huge package of cuts, which was downgraded to £43bn after Mr Kwarteng's U-turn on The Top rate of Income Tax , should not have happened in the current financial climate.
" Yes, firing Treasury civil servants isn't a good idea, that hasn't helped, side-lining your fiscal watchdog hasn't helped, " he told the MPs.
He added that after the chancellor announced a plan that " dumped fiscal orthodoxy" then vowed to bring forward further tax cuts, it was " no surprise to any of us that this is where you end up".
" This is what happens if you aren't paying attention, " He Said . " It was always going to be hard but it was exactly because it was always going to be hard that you don't do this. "
Source of news: bbc.com
