1: Ed Balls - Economic secretary to the Treasury

Ed Balls is often tipped as a future chancellor. The good news is that he appears to understand how the profession works. Balls has been the driving force behind moves to prevent the London Stock Exchange from being hampered by the Sarbanes-Oxley Act in 2006 and has moved towards establishing better financial controls within the European Union. He may not be hugely significant now, but 2007 is certain to herald greater things for this youthful political star.

AccountancyAge: The Top 50 financial power list 2007

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