Economic Secretary to the Treasury

Economic Secretary to the Treasury
Royal Coat of Arms of the United Kingdom (HM Government).svg
Official portrait of Andrew Griffith MP crop 2.jpg
Incumbent
Andrew Griffith
since 27 October 2022
His Majesty's Treasury
NominatorPrime Minister
AppointerThe King
(on the advice of the Prime Minister)
Term lengthAt His Majesty's pleasure
Inaugural holderDouglas Jay
Formation13 November 1947
WebsiteHM Treasury

The Economic Secretary to the Treasury is the sixth-most senior ministerial post in His Majesty's 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 currently of Minister of State rank, and 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.

From April 2014 to September 2022 the office of Economic Secretary to the Treasury was held concurrently with the portfolio of 'City Minister'.

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. Until September 2022, these matters included banking and finance, including banks, insurance, personal savings, financial regulation, and foreign exchange reserves. He or she was also involved in taxation as it impacted on these areas, such as tax on savings and pensions, and Insurance Premium Tax. In addition, the Economic Secretary, until September 2002, advised on economic policy and continues to work with other Treasury ministers on the Comprehensive Spending Review and finance bills.

Economic Secretaries to the Treasury, 1947–present

Colour key (for political parties):
 Conservative  Labour

Economic Secretary Term of office Political party Prime Minister Chancellor
3by2white.svg Douglas Jay 13 November 1947 2 March 1950 Labour Attlee Cripps
3by2white.svg John Edwards 19 October 1950 26 October 1951 Labour Gaitskell
Office not in use 26 October 1951 24 November 1952 Churchill Butler
Blank.png Reginald Maudling 24 November 1952 7 April 1955 Conservative
3by2white.svg Sir Edward Boyle 7 April 1955 11 November 1956 Conservative Eden Macmillan
3by2white.svg Derek Walker-Smith 11 November 1956 16 January 1957 Conservative
3by2white.svg Nigel Birch 16 January 1957 6 January 1958 Conservative Macmillan Thorneycroft
Office not in use 6 January 1958 23 October 1958 H-Amory
Blank.png Frederick Erroll 23 October 1958 22 October 1959 Conservative
3by2white.svg Anthony Barber 22 October 1959 16 July 1962 Conservative
Lloyd
3by2white.svg Edward du Cann 16 July 1962 21 October 1963 Conservative Maudling
3by2white.svg Maurice Macmillan 21 October 1963 16 October 1964 Conservative D-Home
Charles-Anthony-Raven-Crosland (cropped).jpg Anthony Crosland 19 October 1964 22 December 1964 Labour Wilson Callaghan
Office not in use 22 December 1964 11 November 1981
Jenkins
Heath Macleod
Barber
Wilson Healey
Callaghan
Thatcher Howe
3by2white.svg Jock Bruce-Gardyne 11 November 1981 13 June 1983 Conservative
Mr John Moore M.P. addressing the Annual LSE Society Dinner, 5th June, 1985.jpg John Moore 13 June 1983 19 October 1983 Conservative Lawson
3by2white.svg Ian Stewart 19 October 1983 11 June 1987 Conservative
Official portrait of Lord Lilley crop 2.jpg Peter Lilley 11 June 1987 24 July 1989 Conservative
3by2white.svg Richard Ryder 24 July 1989 14 July 1990 Conservative
Major
3by2white.svg John Maples 23 July 1990 14 April 1992 Conservative
Major Lamont
3by2white.svg Anthony Nelson 14 April 1992 6 July 1995 Conservative
Clarke
Angela Knight 2015.jpg Angela Knight 6 July 1995 2 May 1997 Conservative
Official portrait of Baroness Liddell of Coatdyke crop 2.jpg Helen Liddell 3 May 1997 27 July 1998 Labour Blair Brown
Patricia Hewitt.jpg Patricia Hewitt 27 July 1998 17 May 1999 Labour
Melanie Johnson.JPG Melanie Johnson 17 May 1999 8 June 2001 Labour
RuthKellyMP.jpg Ruth Kelly 8 June 2001 15 May 2002 Labour
Office not in use 15 May 2002 30 May 2002
Official portrait of Rt Hon John Healey MP crop 2.jpg John Healey 30 May 2002 6 May 2005 Labour
Official portrait of Mr Ivan Lewis crop 2.jpg Ivan Lewis May 2005 May 2006 Labour
Ed Balls 2.jpg Ed Balls 6 May 2006 28 June 2007 Labour
Kitty ussher at election count in burnley 2009.JPG Kitty Ussher 29 June 2007 5 October 2008 Labour Brown Darling
Ianperason.jpg Ian Pearson 5 October 2008 11 May 2010 Labour
Official portrait of Justine Greening crop 2.jpg Justine Greening 13 May 2010 14 October 2011 Conservative Cameron
(Coalition)
Osborne
Official portrait of Chloe Smith MP crop 2.jpg Chloe Smith 14 October 2011 4 September 2012 Conservative
Official portrait of Rt Hon Sajid Javid MP crop 2.jpg Sajid Javid 4 September 2012 7 October 2013 Conservative
Official portrait of Baroness Morgan of Cotes crop 2.jpg Nicky Morgan 7 October 2013 9 April 2014 Conservative
Official portrait of Rt Hon Andrea Leadsom MP crop 2.jpg Andrea Leadsom 9 April 2014 11 May 2015 Conservative
Official portrait of Harriett Baldwin MP crop 2.jpg Harriett Baldwin 11 May 2015 16 July 2016 Conservative Cameron
(II)
Simon Kirby MP.jpg Simon Kirby 17 July 2016 9 June 2017 Conservative May
(I)
Hammond
Official portrait of Rt Hon Steve Barclay MP crop 2.jpg Steve Barclay 14 June 2017 9 January 2018 Conservative May
(II)
Official portrait of John Glen MP crop 2.jpg
John Glen 9 January 2018 6 July 2022 Conservative
Johnson Javid
Sunak
Official portrait of Richard Fuller MP crop 2.jpg Richard Fuller 8 July 2022 27 October 2022 Conservative Zahawi
Truss Kwarteng
Hunt
Official portrait of Andrew Griffith MP crop 2.jpg Andrew Griffith 27 October 2022 Incumbent Conservative Sunak

See also


This page was last updated at 2023-01-30 00:50 UTC. Update now. View original page.

All our content comes from Wikipedia and under the Creative Commons Attribution-ShareAlike License.


Top

If mathematical, chemical, physical and other formulas are not displayed correctly on this page, please useFirefox or Safari