Economic Secretary to the Treasury

United Kingdom Economic Secretary to the Treasury
Royal Arms as used by HM Government
Incumbent John Glen since 9 January 2018
HM Treasury
Appointer	Elizabeth II
Inaugural holder	Douglas Jay
Formation	December 1947
Website	HM Treasury

The Economic Secretary to the Treasury is the sixth-most senior ministerial post in the UK Treasury, after the First Lord of the Treasury, the Chancellor of the Exchequer, the Chief Secretary to the Treasury, the Paymaster-General and the Financial Secretary to the Treasury. It is not a cabinet-level post.

The office is shadowed by the Shadow Economic Secretary to the Treasury.

History[]

The office was created in November 1947. In 1961, the Economic Secretary became junior to the new office of Chief Secretary to the Treasury, which held a seat in cabinet.

Following the establishment of the Department of Economic Affairs in 1964, the Economic Secretary, Anthony Crosland, transferred to become Minister of State in that department. The post of Economic Secretary to the Treasury was abolished on 22 December 1964. Although the Department of Economic Affairs closed in 1969, the Treasury post was not re-established until 11 November 1981.

Since April 2014 the office of Economic Secretary to the Treasury has been held concurrently with the portfolio of 'City Minister'.^[1]

Responsibilities[]

The Economic Secretary is responsible, though more senior ministers share in decision-making, for the answering of written and verbal parliamentary questions and for the devising of regulations, orders and legislation in various matters. These matters include banking and finance, including banks, insurance, personal savings, financial regulation, and foreign exchange reserves. He or she is also involved in taxation as it impacts on these areas, such as tax on savings and pensions, and Insurance Premium Tax. In addition, the Economic Secretary advises on economic policy and works with other Treasury ministers on the Comprehensive Spending Review and finance bills.^[2]

Economic Secretaries to the Treasury, 1947–present[]

Colour key (for political parties):
  Conservative   Labour

Name		Portrait	Term of office		Political party	Prime Minister		Chancellor
	Douglas Jay		13 November 1947	23 February 1950	Labour		Attlee	Cripps
	John Edwards		February 1950	1951	Labour			Gaitskell
Office not in use			1951–1952				Churchill	Butler
	Reginald Maudling		1952	7 April 1955	Conservative
	Sir Edward Boyle		1955	1956	Conservative		Eden	Macmillan
	Derek Walker-Smith		1956	1957	Conservative
	Nigel Birch		1957	1958	Conservative		Macmillan	Thorneycroft
Office not in use			1958					H-Amory
	Frederick Erroll		1958	1959	Conservative
	Anthony Barber		1959	1962	Conservative
								Lloyd
	Edward du Cann		1962	1963	Conservative			Maudling
	Maurice Macmillan		1963	1964	Conservative		D-Home
	Anthony Crosland		19 October 1964	22 December 1964	Labour		Wilson	Callaghan
Office not in use			1964–1981
								Jenkins
							Heath	Macleod
								Barber
							Wilson	Healey
							Callaghan
							Thatcher	Howe
	Jock Bruce-Gardyne		11 November 1981	1983	Conservative
	John Moore		13 June 1983	19 October 1983	Conservative			Lawson
	Ian Stewart		19 October 1983	11 June 1987	Conservative
	Peter Lilley		11 June 1987	24 July 1989	Conservative
	Richard Ryder		24 July 1989	14 July 1990	Conservative
								Major
	John Maples		1990	9 April 1992	Conservative
							Major	Lamont
	Anthony Nelson		1992	1995	Conservative
								Clarke
	Angela Knight		5 July 1995	1 May 1997	Conservative
	Helen Liddell		3 May 1997	27 July 1998	Labour		Blair	Brown
	Patricia Hewitt		27 July 1998	17 May 1999	Labour
	Melanie Johnson		17 May 1999	8 June 2001	Labour
	Ruth Kelly		8 June 2001	15 May 2002	Labour
Office not in use			2002
	John Healey		15 December 2002	6 May 2005	Labour
	Ivan Lewis		May 2005	May 2006	Labour
	Ed Balls		6 May 2006	28 June 2007	Labour
	Kitty Ussher		29 June 2007	5 October 2008	Labour		Brown	Darling
	Ian Pearson		5 October 2008	11 May 2010	Labour
	Justine Greening		13 May 2010	14 October 2011	Conservative		Cameron (Coalition)	Osborne
	Chloe Smith		14 October 2011	4 September 2012	Conservative
	Sajid Javid		4 September 2012	7 October 2013	Conservative
	Nicky Morgan		7 October 2013	9 April 2014	Conservative
	Andrea Leadsom		9 April 2014	11 May 2015	Conservative
	Harriett Baldwin		11 May 2015	16 July 2016	Conservative		Cameron (II)
	Simon Kirby		17 July 2016	9 June 2017	Conservative		May (I)	Hammond
	Stephen Barclay		14 June 2017	9 January 2018	Conservative		May (II)
	John Glen		9 January 2018	Incumbent	Conservative
							Johnson	Javid
								Sunak

See also[]

• Secretary to the Treasury

References[]