Economic Secretary to the Treasury
| Economic Secretary to the Treasury | |
|---|---|
|
Arms of Her Majesty's Government | |
|
Incumbent Harriett Baldwin | |
| HM Treasury | |
| Appointer | Elizabeth II |
| Inaugural holder | Douglas Jay |
| Formation | December 1947 |
| Website | HM Treasury |
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The Economic Secretary to the Treasury is the fifth most senior ministerial post in the UK Treasury, after the Chancellor of the Exchequer, the Chief Secretary to the Treasury, the paymaster-general and the financial secretary. It is not a cabinet office post. The office was originally created in December 1947 and abolished on 22 December 1964 but re-established on 11 November 1981.
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.[1]
Economic secretaries to the treasury, 1947–present
- Douglas Jay 1947–1950
- Office vacant 1950
- John Edwards 1950–1951
- Office vacant (see Minister of Economic Affairs)
- Reginald Maudling 1952–1955
- Sir Edward Boyle 1955–1956
- Derek Walker-Smith 1956–1957
- Nigel Birch 1957–1958
- Office vacant 1958
- Frederick Erroll 1958–1959
- Anthony Barber 1959–1962
- Edward du Cann 1962–1963
- Maurice Macmillan 1963–1964
- Anthony Crosland 1964 (de facto Minister of State for Economic Affairs)
- Office abolished 22 December 1964
- office re-established 11 November 1981
- Jock Bruce-Gardyne 1981–1983
- John Moore 1983
- Ian Stewart 1983–1987
- Peter Lilley 1987–1989
- Richard Ryder 1989
- John Maples 1989–1992
- Anthony Nelson 1992–1995
- Angela Knight 1995–1997
- Helen Liddell 1997–1998
- Patricia Hewitt 1998–1999
- Melanie Johnson 1999–2001
- Ruth Kelly 2001–2002
- John Healey 2002–2005
- Ivan Lewis 2005–2006
- Ed Balls 2006–2007
- Kitty Ussher 2007–2008
- Ian Pearson 2008–2010
- Justine Greening 2010–2011
- Chloe Smith 2011–2012
- Sajid Javid 2012–2013
- Nicky Morgan 2013-2014
- Andrea Leadsom 2014-2015
- Harriett Baldwin 2015-
See also
References
- ↑ Ministerial responsibilities HM Treasury
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