The Right Honourable The Lord Young of Graffham CH PC DL |
|
---|---|
Secretary of State for Trade and Industry | |
In office 13 June 1987 – 24 July 1989 |
|
Prime Minister | Margaret Thatcher |
Preceded by | Paul Channon |
Succeeded by | Nicholas Ridley |
Secretary of State for Employment | |
In office 2 September 1985 – 13 June 1987 |
|
Prime Minister | Margaret Thatcher |
Preceded by | Tom King |
Succeeded by | Norman Fowler |
Minister without Portfolio | |
In office 11 September 1984 – 2 September 1985 |
|
Prime Minister | Margaret Thatcher |
Preceded by | The Lord Drumalbyn |
Succeeded by | Jeremy Hanley |
Member of the House of Lords | |
Assumed office 10 October 1984 |
|
Personal details | |
Born |
Finchley, United Kingdom |
27 February 1932
Political party | Conservative |
Alma mater | University College, London |
Religion | Judaism |
David Ivor Young, Baron Young of Graffham, CH, PC, DL (born 27 February 1932) is a British Conservative politician and businessman.
Young is the elder son of a businessman who imported flour and later set up as a manufacturer of coats for children. He went to Christ's College in Finchley and then University College, London, to take a law degree as an evening student during his time as an articled clerk to become a solicitor, being admitted to the roll of solicitors in 1955.
Having qualified as a solicitor, Young only practised for a year, after which he joined Great Universal Stores as an executive, working for part of that time as an assistant to the chairman, Sir Isaac Wolfson Bt. In 1961 he left GUS and set up his first business, Eldonwall Ltd with funding from the Gestetner Family Settlements. During the sixties he built up a group of companies in industrial property, construction and plant hire, selling out in June 1970 to Town & City Properties PLC and joined the board. After the property crash of 1973/4 he assisted Jeffrey Sterling (later Lord Sterling) to reverse his company into T&CP to form a group that later became P&O. In 1975 he left the board and entered into a joint venture with Manufacturers Hanover, and became Chairman of Manufacturers Hanover Property Services, lending on real estate in the United Kingdom and overseas. He also had a number of other commercial interests. He sold out all his commercial interests in 1980 upon entering the Department of Industry. His younger brother Stuart Young served as Chairman of the BBC.