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Politics of the United Kingdom |
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In the United Kingdom, there are several secretaries to the Treasury, who are Treasury ministers nominally acting as secretaries to HM Treasury. The origins of the office are unclear, although it probably originated during Lord Burghley's tenure as Lord Treasurer in the 16th century. The number of secretaries was expanded to two by 1714 at the latest. The Treasury ministers together discharge all the former functions of the Lord Treasurer, which are nowadays nominally vested in the Lords Commissioners of the Treasury. Of the commissioners, only the Second Lord of the Treasury, who is also the chancellor of the Exchequer, is a Treasury minister (the others are the prime minister and the government whips).
The chancellor is the senior Treasury minister, followed by the chief secretary, who also attends Cabinet and has particular responsibilities for public expenditure. In order of seniority, the junior Treasury ministers are: the financial secretary, the economic secretary, the exchequer secretary, and the commercial secretary (currently not in use).
One of the present-day secretaries, the parliamentary secretary to the Treasury, formerly known as the Patronage Secretary, is not a Treasury minister but the government whip in the House of Commons. The office can be seen as a sinecure, allowing the chief whip to draw a government salary, attend Cabinet, and use a Downing Street residence.
Minister | Portrait | Office | Portfolio |
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James Murray | ![]() |
Chief Secretary to the Treasury | Responsible for public expenditure, including spending reviews.[2] |
Lord Livermore | ![]() |
Financial Secretary to the Treasury | Leads the government’s growth agenda and oversees core Treasury business.[3] |
Emma Reynolds | ![]() |
Economic Secretary to the Treasury (City Minister) | Responsible for financial services regulation, savings policy and regulation.[4] |
Dan Tomlinson | ![]() |
Exchequer Secretary to the Treasury | Responsible for tax policy and administration, customs/VAT, and oversight of HMRC.[5] |
Torsten Bell | ![]() |
Parliamentary Secretary for the Treasury[a] | Supporting the Treasury's role across government and Treasury ministers in their duties.[6] |
Sir Alan Campbell | ![]() |
Parliamentary Secretary to the Treasury[a] | Government Chief Whip, though formally a junior minister in the Treasury.[6] |
From October 2022, the Permanent Secretary to the Treasury - the head of the departmental civil service - is James Bowler. There are two Second Permanent Secretaries: Catherine Little and Jim O'Neill.[7]