Speaker(s): David Gauke | Beveridge offered a radical response to the social and economic circumstances of his time in a country emerging from global depression and conflict. Yet today’s world would be unrecognisable to Beveridge: the past 75 years have seen significant social and economic changes that the welfare system has needed to accommodate. We now face further significant changes as we enter the fourth industrial revolution. Our welfare system will need to change to adapt to future circumstances. David Gauke (@DavidGauke) was appointed Secretary of State for Work and Pensions in June 2017. He was elected the Conservative MP for Hertfordshire South West in May 2005. David was a member of the Treasury Select Committee from February 2006 until he was appointed as a Shadow Minister for the Treasury in June 2007. He was appointed Exchequer Secretary to the Treasury in May 2010, and promoted to Financial Secretary to the Treasury in July 2014 where he served until July 2016. He served as Chief Secretary to the Treasury from July 2016 to June 2017. After qualifying as a solicitor in 1997, David worked for a leading City firm before entering Parliament in 2005. Minouche Shafik is Director of the London School of Economics and Political Science. Prior to this she was Deputy Governor of the Bank of England.