Public Affairs
HM Treasury
Chancellor of the Exchequer
The Rt Hon George Osborne MP
The Chancellor of the Exchequer has overall responsibility for the work of the Treasury
Chief Secretary to the Treasury
The Rt Hon Danny Alexander MP
Leads on:
Responsibility for public expenditure including:
o Spending reviews and strategic planning;
o In-year spending control;
o Public sector pay and pensions;
o Annually Managed Expenditure (AME) and welfare reform;
o Efficiency and value for money in public service;
o Procurement; and
o Capital investment.
Treasury interest in devolution.
Financial Secretary to the Treasury
Mark Hoban MP
Leads on:
Financial services policy including banking and financial services reform and regulation, financial stability, city competitiveness, wholesale and retail markets in the UK, Europe and internationally and the Financial Services Authority (FSA)
Banking support, including responsibility for the Asset Protection Scheme, Recapitalisation Fund and other schemes;
Bank lending;
Responsibility for UK Financial Investments (UKFI);
Equitable Life;
Personal savings and pensions policy; and
Support to the Chancellor on EU and wider international finance issues.
Exchequer Secretary to the Treasury
David Gauke MP
Strategic oversight of the UK tax system including direct, indirect, business and personal taxation
Corporate and small business taxation, with input from the Commercial Secretary
Departmental Minister for HM Revenue and Customs and the Valuation Office Agency
Lead Minister on European and international tax issues
Overall responsibility for the Finance Bill.
Economic Secretary to the Treasury
Justine Greening MP
Leads on:
Environmental issues including taxation of transport, international Climate Change issues and Energy Issues
North Sea oil taxation
Tax credits and child poverty and assisting the Chief Secretary on welfare reform;
Charities and the voluntary sector
Excise duties and gambling, including excise fraud and law enforcement;
Stamp duty land tax
EU Budget
Ministerial responsibility for the Royal Mint and Departmental Minister for HM Treasury Group
Working with the Exchequer Secretary on the Finance Bill.
Commercial Secretary to the Treasury
Lord Sassoon of Ashley Park
Treasury spokesman in the House of Lords
Enterprise and productivity, including industrial strategy, better regulation, competition policy, infrastructure, and microeconomic reform
Corporate finance, including public corporations and public private partnerships
Assisting the Financial Secretary on financial services and banking policy, including UKFI
Working with the Financial Secretary to promote the Government’s financial services policies and the competitiveness of the UK
Asset freezing and financial crime
Foreign exchange reserves and debt management policy, National Savings and Investment and Debt Management Office
