Timms moved to Treasury

Timms becomes number two to Gordon Brown and is likely to play a key role in future negotiations between the Treasury and other government departments with regard to the priorities for public spending. A spokesperson for the DWP says the department is still waiting to hear who will replace Timms but adds the White Paper on pensions reform: “will be coming out shortly and is still as it stands as we still have John Hutton in place.” Rachel Vahey, head of pensions development at Scottish Equitable, says the removal of Timms is a terrible loss as he had been involved with pensions for a nu...