A Chartered Accountant, Kit has spent most of his career in structured finance, initially working with a property developer devising strategies and structures to maximise tax advantages in regeneration-led development and the transfer of this benefit to investors.

In parallel, Kit was a founder Director of County Asset Finance Ltd, an equipment leasing company, and in 2001, led the management buy-out of the business. Kit was elected to Westminster City Council in 1998 and within three years had become Deputy Leader and cabinet member for Finance. In this role he had operational responsibility for a gross budget of £825 million and over 4,500 employees, producing one of the lowest levels of council tax in the country.