Lord Freud was appointed Minister of State for Welfare Reform at the Department for Work and Pensions on 13 May 2015. He is a Conservative member of the House of Lords.
He studied philosophy, politics and economics at Merton College, Oxford.
Lord Freud was appointed the shadow Minister for Welfare Reform in February 2009.
He previously advised the government on how to reform the welfare system, publishing an independent report in March 2007 entitled ‘Reducing dependency, increasing
opportunity: options for the future of welfare to work’.
He served as Parliamentary Under Secretary of State (Minister for Welfare Reform) from May 2010 until May 2015.
Career outside politics
Lord Freud was Vice Chairman of Investment Banking for UBS, where he organised the restructuring of National Air Traffic Control and the reshaping of the Channel Tunnel Railway Link.
He was a journalist at the Financial Times for 8 years before starting his banking career.