Paul Myners
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The Right Honourable The Lord Myners CBE |
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|---|---|
 |
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| Financial Services Secretary to the Treasury | |
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In office 3 October 2008 – 13 May 2010 |
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| Prime Minister | Gordon Brown |
| Preceded by | New position |
| Succeeded by | Mark Hoban (as City Minister) |
| Personal details | |
| Born |
Paul Myners 1 April 1948 |
| Nationality | British |
| Political party | Non aligned |
| Spouse(s) | Alison Macleod |
| Residence | Westminster |
Paul Myners, Baron Myners, CBE (born 1 April 1948) is a British businessman and politician. He was the Financial Services Secretary (sometimes referred to as City Minister) in HM Treasury, the UK's finance ministry, during the Labour Government of Gordon Brown. He held the position from October 2008 until May 2010, and was made a life peer in consequence of his appointment, as he was not an elected Member of Parliament. He also served on the Prime Minister's National Economic Council. He now sits as a crossbencher.
Myners has worked in the financial sector since 1974. He has also held a number of third sector posts, including chairman of the trustees of the Tate and chairman of the Low Pay Commission, all of which he relinquished on his ministerial appointment. Immediately prior to his ministerial appointment he was chairman of the Guardian Media Group, publisher of The Guardian and The Observer newspapers, and chairman of Land Securities, the largest quoted property company in Europe at that time. He is a former chairman of Marks & Spencer and deputy chairman of PowerGen.
Paul Myners was adopted at an early age by a Cornish family, and grew up in Truro. His adopted father was a self-employed butcher and his mother a hairdresser. He attended Truro School, an independent Methodist school, on a scholarship. He graduated from the University of London, with a first class honours degree in Education and a Certificate in Education (teaching qualification), and became a secondary school teacher in Wandsworth with the Inner London Education Authority (1971–72). He left teaching after two years and joined The Daily Telegraph as a financial journalist moving into the financial sector in 1974 as a junior portfolio manager at N M Rothschild & Sons.
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