David Freud was educated at Whitgift School, Croydon, and Merton College, Oxford, where he took a degree in Politics, Philosophy and Economics.
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14 Facts About David Freud
2.
David Freud was vice-chairman of investment banking at UBS before he retired.
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3.
In 2006, David Freud published his autobiographical book David Freud in the City which describes his life and work as a merchant banker in the City of London.
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4.
In 2006, David Freud was asked by Tony Blair to review the UK's welfare-to-work system, with Blair having been impressed by David Freud's raising of finance for Eurotunnel and EuroDisney while at UBS.
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5.
However, many of David Freud's ideas were not implemented because of objections made by Gordon Brown.
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6.
In 2008, during the banking crisis that had begun the previous year, David Freud became an adviser to Work and Pensions Secretary James Purnell and was asked to "help implement nothing less than a revolution in the welfare state" after a "sea change in Labour's thinking about the benefits system".
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7.
On 27 June 2009, David Freud was made a life peer after his name was put forward by the Conservative leadership.
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8.
David Freud then became a shadow minister in David Cameron's frontbench team.
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9.
David Freud claimed the people who did this were: "The incapacity benefits, the lone parents, the people who are self-employed for year after year but only earn hundreds of pounds or a few thousand pounds, the people waiting for their work capability assessment then not going to it - all kinds of areas where people are able to have a lifestyle off benefits and actually off conditionality".
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10.
David Freud agreed that there was a small group of disabled people who were "not worth the full wage" and said he would go away and think about it.
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11.
David Freud stepped down from his government role at the end of December 2016.
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12.
David Freud was regarded as the architect of the Universal Credit, which was legislated for in 2012.
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13.
David Freud is a president of Volunteering Matters, UK's volunteering charity founded in 1962.
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14.
David Freud has appeared in the TV programme Time Team about the village of Eastry.
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