Economic Secretary to the Treasury

Economic Secretary to the Treasury
Royal Arms as used by Her Majesty's 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.

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.

Between April 2014 and June 2017, the Economic Secretary to the Treasury also concurrently held the portfolio of 'City Minister'. After this time it was not clear who, if anyone, held 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. 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.

Economic Secretaries to the Treasury, 1947–present

Colour key (for political parties):
  Conservative   Labour

Name		Portrait	Term of office		Political party	Prime Minister		Chancellor
style="background-color: Template:Labour Party (UK)/meta/color" |	Douglas Jay		13 November 1947	23 February 1950	Labour	rowspan=2 style="background-color: Template:Labour Party (UK)/meta/color" |	Attlee	Cripps
style="background-color: Template:Labour Party (UK)/meta/color" |	John Edwards		February 1950	1951	Labour	Gaitskell
Office not in use			1951–1952			rowspan=2 style="background-color: Template:Conservative Party (UK)/meta/color" |	Churchill	Butler
style="background-color: Template:Conservative Party (UK)/meta/color" |	Reginald Maudling	File:Reginald Maudling.jpg	1952	7 April 1955	Conservative
style="background-color: Template:Conservative Party (UK)/meta/color" |	Sir Edward Boyle		1955	1956	Conservative	rowspan=2 style="background-color: Template:Conservative Party (UK)/meta/color" |	Eden	Macmillan
style="background-color: Template:Conservative Party (UK)/meta/color" |	Derek Walker-Smith		1956	1957	Conservative
style="background-color: Template:Conservative Party (UK)/meta/color" |	Nigel Birch		1957	1958	Conservative	rowspan=6 style="background-color: Template:Conservative Party (UK)/meta/color" |	Macmillan	Thorneycroft
Office not in use			1958			H-Amory
style="background-color: Template:Conservative Party (UK)/meta/color" |	Frederick Erroll		1958	1959	Conservative
rowspan=2 style="background-color: Template:Conservative Party (UK)/meta/color" |	Anthony Barber		1959	1962	Conservative
Lloyd
style="background-color: Template:Conservative Party (UK)/meta/color" |	Edward du Cann		1962	1963	Conservative	Maudling
style="background-color: Template:Conservative Party (UK)/meta/color" |	Maurice Macmillan		1963	1964	Conservative		style="background-color: Template:Conservative Party (UK)/meta/color" |	D-Home
style="background-color: Template:Labour Party (UK)/meta/color" |	Anthony Crosland		19 October 1964	22 December 1964	Labour	rowspan=3 style="background-color: Template:Labour Party (UK)/meta/color"|	Wilson	Callaghan
Office not in use			1964–1981
						Jenkins
						rowspan=2 style="background-color: Template:Conservative Party (UK)/meta/color"|	Heath	Macleod
						Barber
						style="background-color: Template:Labour Party (UK)/meta/color"|	Wilson	Healey
						style="background-color: Template:Labour Party (UK)/meta/color"|	Callaghan
						rowspan=8 style="background-color: Template:Conservative Party (UK)/meta/color" |	Thatcher	Howe
style="background-color: Template:Conservative Party (UK)/meta/color" |	Jock Bruce-Gardyne		11 November 1981	1983	Conservative
style="background-color: Template:Conservative Party (UK)/meta/color" |	John Moore		13 June 1983	19 October 1983	Conservative	Lawson
style="background-color: Template:Conservative Party (UK)/meta/color" |	Ian Stewart		19 October 1983	11 June 1987	Conservative
style="background-color: Template:Conservative Party (UK)/meta/color" |	Peter Lilley		11 June 1987	24 July 1989	Conservative
rowspan=2 style="background-color: Template:Conservative Party (UK)/meta/color" |	Richard Ryder		24 July 1989	14 July 1990	Conservative
Major
	rowspan=2 style="background-color: Template:Conservative Party (UK)/meta/color" |	John Maples		1990	9 April 1992	Conservative
rowspan=4 style="background-color: Template:Conservative Party (UK)/meta/color" |	Major						Lamont
rowspan=2 style="background-color: Template:Conservative Party (UK)/meta/color" |		Anthony Nelson		1992	1995	Conservative
Clarke
		style="background-color: Template:Conservative Party (UK)/meta/color" |	Angela Knight		5 July 1995	1 May 1997	Conservative
style="background-color: Template:Labour Party (UK)/meta/color" |	Helen Liddell		3 May 1997	27 July 1998	Labour	rowspan=8 style="background-color: Template:Labour Party (UK)/meta/color" |	Blair	Brown
style="background-color: Template:Labour Party (UK)/meta/color" |	Patricia Hewitt		27 July 1998	17 May 1999	Labour
style="background-color: Template:Labour Party (UK)/meta/color" |	Melanie Johnson		17 May 1999	8 June 2001	Labour
style="background-color: Template:Labour Party (UK)/meta/color" |	Ruth Kelly		8 June 2001	15 May 2002	Labour
Office not in use			2002
style="background-color: Template:Labour Party (UK)/meta/color" |	John Healey		15 December 2002	6 May 2005	Labour
style="background-color: Template:Labour Party (UK)/meta/color" |	Ivan Lewis		May 2005	May 2006	Labour
style="background-color: Template:Labour Party (UK)/meta/color" |	Ed Balls		6 May 2006	28 June 2007	Labour
style="background-color: Template:Labour Party (UK)/meta/color" |	Kitty Ussher		29 June 2007	5 October 2008	Labour	rowspan=2 style="background-color: Template:Labour Party (UK)/meta/color" |	Brown	Darling
style="background-color: Template:Labour Party (UK)/meta/color" |	Ian Pearson		5 October 2008	11 May 2010	Labour
style="background-color: Template:Conservative Party (UK)/meta/color" |	Justine Greening		13 May 2010	14 October 2011	Conservative	rowspan=5 style="background-color: Template:Conservative Party (UK)/meta/color" |	Cameron (Coalition)	Osborne
style="background-color: Template:Conservative Party (UK)/meta/color" |	Chloe Smith		14 October 2011	4 September 2012	Conservative
style="background-color: Template:Conservative Party (UK)/meta/color" |	Sajid Javid		4 September 2012	7 October 2013	Conservative
style="background-color: Template:Conservative Party (UK)/meta/color" |	Nicky Morgan		7 October 2013	9 April 2014	Conservative
style="background-color: Template:Conservative Party (UK)/meta/color" |	Andrea Leadsom		9 April 2014	11 May 2015	Conservative
style="background-color: Template:Conservative Party (UK)/meta/color" |	Harriett Baldwin		11 May 2015	16 July 2016	Conservative	style="background-color: Template:Conservative Party (UK)/meta/color" |	Cameron (II)
style="background-color: Template:Conservative Party (UK)/meta/color" |	Simon Kirby		17 July 2016	9 June 2017	Conservative	style="background-color: Template:Conservative Party (UK)/meta/color" |	May (I)	Hammond
style="background-color: Template:Conservative Party (UK)/meta/color" |	Stephen Barclay		14 June 2017	9 January 2018	Conservative	rowspan=2 style="background-color: Template:Conservative Party (UK)/meta/color" |	May (II)
rowspan=3 style="background-color: Template:Conservative Party (UK)/meta/color" |	John Glen		9 January 2018	Incumbent	Conservative
rowspan=2 style="background-color: Template:Conservative Party (UK)/meta/color" |						Johnson	Javid
Sunak

See also

• Secretary to the Treasury