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City Minister
Junior minister in the British Treasury
Junior minister in the British Treasury
| Field | Value |
|---|---|
| post | City Minister |
| insignia | Coat of arms of the United Kingdom (2022, lesser arms).svg |
| insigniacaption | Royal Arms as used by His Majesty's Government |
| department | HM Treasury |
| incumbent | Lucy Rigby |
| incumbentsince | 6 September 2025 |
| image | Official portrait of Lucy Rigby MP crop 2.jpg |
| appointer | The British Monarch |
| on advice of the Prime Minister | |
| inaugural | The Lord Myners |
| formation | 3 October 2008 |
| website | HM Treasury |
on advice of the Prime Minister
City Minister is a ministerial position in His Majesty's Treasury. The minister is responsible for the British financial services sector, which is commonly known as "the City". Since 2014, the position is commonly held concurrently with Economic Secretary to the Treasury.
History
The term "City Minister" was first used as a nickname for the position of Financial Services Secretary to the Treasury which was created by Gordon Brown upon coming to office in October 2008. The only person to have held the office was Lord Myners, who served from October 2008 to May 2010.
In May 2010 as part of the ministerial reorganisation by the Cameron Government the position of Financial Services Secretary to the Treasury was abolished. However, the idea of there being a minister specifically responsible for the City was retained and it was decided that the post would be held concurrently with the position of Financial Secretary to the Treasury, held at the time by Mark Hoban.
Following the promotion of Sajid Javid to Secretary of State for Culture, Media and Sport in April 2014 the portfolio of City Minister was moved from the Financial Secretary to the Treasury to the Economic Secretary to the Treasury.
Following the 2017 snap general election, City Minister Simon Kirby lost his seat and was succeeded by Steve Barclay.
Following Liz Truss becoming Prime Minister, although Richard Fuller retained his position as Economic Secretary to the Treasury, the City Minister brief was removed from him and returned to the Financial Secretary to the Treasury.
List of officeholders
Colour key (for political parties):
| City Minister | Term of office | Political party | Prime Minister | Chancellor | As Financial Services Secretary to the Treasury | Labour Party (UK)}}" | Labour Party (UK)}}" | As Financial Secretary to the Treasury | Conservative Party (UK)}}" | Conservative Party (UK)}}" | Conservative Party (UK)}}" | As Economic Secretary to the Treasury | Conservative Party (UK)}}" | Conservative Party (UK)}}" | Conservative Party (UK)}}" | Conservative Party (UK)}}" | As Financial Secretary to the Treasury | Conservative Party (UK)}}; border: none" | Conservative Party (UK)}}; border: none" | As Economic Secretary to the Treasury | Conservative Party (UK)}}" | Conservative Party (UK)}}" | Labour Party (UK)}}" | Labour Party (UK)}}" rowspan=3 | Labour Party (UK)}}" | Labour Party (UK)}}" | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| [[File:Paul Myners official portrait (cropped).jpg | 80x80px]] | Paul Myners, Baron Myners | 3 October 2008 | 13 May 2010 | Labour | Brown | Darling | ||||||||||||||||||||||||||||||||||||
| [[File:Financial Secretary to the Treasury (7209518882) (cropped).jpg | 79x79px]] | Mark Hoban | 13 May 2010 | 4 September 2012 | Conservative | Conservative Party (UK)}}" | Cameron | ||||||||||||||||||||||||||||||||||||
| (Coalition) | Osborne | ||||||||||||||||||||||||||||||||||||||||||
| [[File:Greg Clark, Minister for Universities and Science.jpg | 60x60px]] | Greg Clark | 4 September 2012 | 7 October 2013 | Conservative | ||||||||||||||||||||||||||||||||||||||
| [[File:Sajid Javid (cropped).jpg | 71x71px]] | Sajid Javid | 7 October 2013 | 9 April 2014 | Conservative | ||||||||||||||||||||||||||||||||||||||
| [[File:Andrea Leadsom 2016.jpg | 80x80px]] | Andrea Leadsom | 9 April 2014 | 11 May 2015 | Conservative | Conservative Party (UK)}}" | Cameron | ||||||||||||||||||||||||||||||||||||
| (Coalition) | Osborne | ||||||||||||||||||||||||||||||||||||||||||
| [[File:Harriet Baldwin MP, Minister of State for International Development (47227494032).jpg | 80x80px]] | Harriett Baldwin | 11 May 2015 | 16 July 2016 | Conservative | Cameron | |||||||||||||||||||||||||||||||||||||
| (II) | |||||||||||||||||||||||||||||||||||||||||||
| [[File:MP Simon Kirby.jpg | 60x60px]] | Simon Kirby | 16 July 2016 | 8 June 2017 | Conservative | Conservative Party (UK)}}" | May | Hammond | |||||||||||||||||||||||||||||||||||
| [[File:Official portrait of Stephen Barclay crop 2.jpg | 80x80px]] | Steve Barclay | 14 June 2017 | 9 January 2018 | Conservative | ||||||||||||||||||||||||||||||||||||||
| Conservative Party (UK)}}" ! | [[File:Official portrait of John Glen MP crop 2.jpg | 60px]] | John Glen | 9 January 2018 | 6 July 2022 | Conservative | |||||||||||||||||||||||||||||||||||||
| Conservative Party (UK)}}" | Johnson | Javid | |||||||||||||||||||||||||||||||||||||||||
| Sunak | |||||||||||||||||||||||||||||||||||||||||||
| Conservative Party (UK)}}" | [[File:Official portrait of Richard Fuller MP crop 2.jpg | 60px]] | Richard Fuller | 8 July 2022 | 6 September 2022 | Conservative | |||||||||||||||||||||||||||||||||||||
| Zahawi | |||||||||||||||||||||||||||||||||||||||||||
| [[File:Portrait of Andrew Griffith (cropped) 2.png | 80x80px]] | Andrew Griffith | 7 September 2022 | 27 October 2022 | Conservative | Conservative Party (UK)}}" | Truss | Kwarteng | |||||||||||||||||||||||||||||||||||
| Hunt | |||||||||||||||||||||||||||||||||||||||||||
| [[File:Portrait of Andrew Griffith (cropped) 2.png | 80x80px]] | Andrew Griffith | 27 October 2022 | 13 November 2023 | Conservative | Conservative Party (UK)}}" rowspan=2 | Sunak | Hunt | |||||||||||||||||||||||||||||||||||
| [[File:Official portrait of Bim Afolami MP crop 2.jpg | 60px]] | Bim Afolami | 13 November 2023 | 5 July 2024 | Conservative | ||||||||||||||||||||||||||||||||||||||
| [[File:Chancellor Rachel Reeves, with Economic Secretary to the Treasury Tulip Siddiq (cropped).jpg | 79x79px]] | Tulip Siddiq | 9 July 2024 | 14 January 2025 | Labour | Starmer | Reeves | ||||||||||||||||||||||||||||||||||||
| [[File:Official portrait of Emma Reynolds MP crop 2, 2024.jpg | 60px]] | Emma Reynolds | 14 January 2025 | 5 September 2025 | Labour | ||||||||||||||||||||||||||||||||||||||
| [[File:Official portrait of Lucy Rigby MP crop 2.jpg | 60px]] | Lucy Rigby | 6 September 2025 | Incumbent | Labour |
References
References
- House of Commons, Treasury Committee. "Banking Crisis: Reforming Corporate Governance and Pay in the City, Ninth Report of Session 2008–09".
- (25 January 2010). "City minister Myners seeks review of how investment banking has 'permeated' society". [[The Daily Telegraph]]).
- "Paul Myners CBE - Financial Services Secretary to the Treasury". [[HM Treasury]].
- (11 June 2009). "Speech by the Financial Services Secretary to the Treasury, Paul Myners to the Association of Foreign Banks". HM Treasury official website (archived by The National Archives).
- (10 April 2014). "Andrea Leadsom MP appointed new City Minister for HMT". Tech UK.
- (21 September 2022). "Andrew Griffith MP".
This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.
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