Since stepping down as Commercial Secretary to HM Treasury in September 2016, Jim became a Crossbencher in the House of Lords. Jim chaired the Cities Growth Commission in the UK. This formed the basis for the government’s approach to devolution, and the concept of the Northern Powerhouse. He is now vice chair of the Northern Powerhouse Partnership, and honorary chair of economics at Manchester University.
He has also become a Distinguished Visiting Fellow to Chatham House. Jim chaired an independent review of Antimicrobial Resistance (AMR), as well as providing key input to the United Nations' high-level agreement in 2016. Jim worked for Goldman Sachs from 1995–2013, mostly as chief economist. He is a board member and a founding trustee of the UK educational charity, SHINE (Support & Help in Education). Jim has also served on the boards of many educational foundations.