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Economic Secretary to the Treasury
Junior minister in the British Treasury
Junior minister in the British Treasury
| Field | Value |
|---|---|
| post | United Kingdom |
| Economic Secretary to the Treasury | |
| insignia | Coat of arms of the United Kingdom (2022, lesser arms).svg |
| insigniacaption | Royal arms of His Majesty's Government |
| department | His Majesty's Treasury |
| incumbent | Lucy Rigby |
| incumbentsince | 6 September 2025 |
| image | Official portrait of Lucy Rigby MP crop 2.jpg |
| nominator | Prime Minister |
| appointer | The King |
| (on the advice of the prime minister) | |
| termlength | At His Majesty's pleasure |
| inaugural | Douglas Jay |
| formation | 13 November 1947 |
| website | |
| reports_to | First Lord of the Treasury (Prime Minister) |
| Chancellor of the Exchequer |
Economic Secretary to the Treasury (on the advice of the prime minister) Chancellor of the Exchequer
The economic secretary to the Treasury (EST), is a junior ministerial position in His Majesty's Treasury, often held concurrently with the ministerial position of city minister since 2014. Its responsibilities include overseeing policy for financial services, personal savings, government debt and reserves management, economic sanctions, financial crime, and the Treasury’s interests in British Overseas Territories and Crown Dependencies. It typically ranks at parliamentary secretary level and the holder does not attend cabinet. It is shadowed by the shadow economic secretary to the Treasury.
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.
From April 2014 to September 2022, and since October 2022, the office of Economic Secretary to the Treasury has been held concurrently with the portfolio of 'City Minister'.
Economic secretaries to the Treasury, 1947–present
Colour key (for political parties):
| Economic Secretary | Term of office | Political party | Prime Minister | Chancellor | Labour Party (UK)}}" | Labour Party (UK)}}" | Conservative Party (UK)}}" | Conservative Party (UK)}}" | Conservative Party (UK)}}" | Conservative Party (UK)}}" | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Labour Party (UK)}}" | [[File:3by2white.svg | 60px]] | Douglas Jay | 13 November 1947 | 2 March 1950 | Labour | Attlee | Cripps | ||||||||
| Labour Party (UK)}}" | [[File:3by2white.svg | 60px]] | John Edwards | 19 October 1950 | 26 October 1951 | Labour | Gaitskell | |||||||||
| Office not in use | 26 October 1951 | 24 November 1952 | Conservative Party (UK)}}" | Churchill | Butler | |||||||||||
| Conservative Party (UK)}}" | [[File:Reginald Maudling, 1969 (Brightned) (cropped).jpg | 80x80px]] | Reginald Maudling | 24 November 1952 | 7 April 1955 | Conservative | ||||||||||
| Conservative Party (UK)}}" | [[File:3by2white.svg | 60px]] | Sir Edward Boyle | 7 April 1955 | 11 November 1956 | Conservative | Conservative Party (UK)}}" | Eden | Macmillan | |||||||
| Conservative Party (UK)}}" | [[File:3by2white.svg | 60px]] | Derek Walker-Smith | 11 November 1956 | 16 January 1957 | Conservative | ||||||||||
| Conservative Party (UK)}}" | [[File:3by2white.svg | 60px]] | Nigel Birch | 16 January 1957 | 6 January 1958 | Conservative | Conservative Party (UK)}}" | Macmillan | Thorneycroft | |||||||
| Office not in use | 6 January 1958 | 23 October 1958 | H-Amory | |||||||||||||
| Conservative Party (UK)}}" | [[File:Blank.png | 60px]] | Frederick Erroll | 23 October 1958 | 22 October 1959 | Conservative | ||||||||||
| Conservative Party (UK)}}" | [[File:3by2white.svg | 60px]] | Anthony Barber | 22 October 1959 | 16 July 1962 | Conservative | ||||||||||
| Lloyd | ||||||||||||||||
| Conservative Party (UK)}}" | [[File:3by2white.svg | 60px]] | Edward du Cann | 16 July 1962 | 21 October 1963 | Conservative | Maudling | |||||||||
| Conservative Party (UK)}}" | [[File:3by2white.svg | 60px]] | Maurice Macmillan | 21 October 1963 | 16 October 1964 | Conservative | Conservative Party (UK)}}" | D-Home | ||||||||
| Labour Party (UK)}}" | [[File:Charles-Anthony-Raven-Crosland (cropped).jpg | 60px]] | Anthony Crosland | 19 October 1964 | 22 December 1964 | Labour | Labour Party (UK)}}" | Wilson | Callaghan | |||||||
| Office not in use | 22 December 1964 | 11 November 1981 | ||||||||||||||
| Jenkins | ||||||||||||||||
| Conservative Party (UK)}}" | Heath | Macleod | ||||||||||||||
| Barber | ||||||||||||||||
| Labour Party (UK)}}" | Wilson | Healey | ||||||||||||||
| Labour Party (UK)}}" | Callaghan | |||||||||||||||
| Conservative Party (UK)}}" | Thatcher | Howe | ||||||||||||||
| Conservative Party (UK)}}" | [[File:3by2white.svg | 60px]] | Jock Bruce-Gardyne | 11 November 1981 | 13 June 1983 | Conservative | ||||||||||
| Conservative Party (UK)}}" | [[File:Mr John Moore M.P. addressing the Annual LSE Society Dinner, 5th June, 1985.jpg | 60px]] | John Moore | 13 June 1983 | 19 October 1983 | Conservative | Lawson | |||||||||
| Conservative Party (UK)}}" | [[File:3by2white.svg | 60px]] | Ian Stewart | 19 October 1983 | 11 June 1987 | Conservative | ||||||||||
| Conservative Party (UK)}}" | [[File:Peter Lilley (cropped).jpg | 85x85px]] | Peter Lilley | 11 June 1987 | 24 July 1989 | Conservative | ||||||||||
| Conservative Party (UK)}}" | [[File:3by2white.svg | 60px]] | Richard Ryder | 24 July 1989 | 14 July 1990 | Conservative | ||||||||||
| Major | ||||||||||||||||
| Conservative Party (UK)}}" | [[File:3by2white.svg | 60px]] | John Maples | 23 July 1990 | 14 April 1992 | Conservative | ||||||||||
| Conservative Party (UK)}}" | Major | Lamont | ||||||||||||||
| Conservative Party (UK)}}" | [[File:3by2white.svg | 60px]] | Anthony Nelson | 14 April 1992 | 6 July 1995 | Conservative | ||||||||||
| Clarke | ||||||||||||||||
| Conservative Party (UK)}}" | [[File:Angela Knight official portrait (cropped).jpg | 79x79px]] | Angela Knight | 6 July 1995 | 2 May 1997 | Conservative | ||||||||||
| Labour Party (UK)}}" | [[File:Official portrait of Baroness Liddell of Coatdyke crop 2.jpg | 60px]] | Helen Liddell | 3 May 1997 | 27 July 1998 | Labour | Blair | Brown | ||||||||
| Labour Party (UK)}}" | [[File:Patricia Hewitt.jpg | 60px]] | Patricia Hewitt | 27 July 1998 | 17 May 1999 | Labour | ||||||||||
| Labour Party (UK)}}" | [[File:Melanie Johnson.JPG | 60px]] | Melanie Johnson | 17 May 1999 | 8 June 2001 | Labour | ||||||||||
| Labour Party (UK)}}" | [[File:RuthKellyMP.jpg | 60px]] | Ruth Kelly | 8 June 2001 | 15 May 2002 | Labour | ||||||||||
| Office not in use | 15 May 2002 | 30 May 2002 | ||||||||||||||
| Labour Party (UK)}}" | [[File:Official photograph of John Healey MP.jpg | 95x95px]] | John Healey | 30 May 2002 | 6 May 2005 | Labour | ||||||||||
| Labour Party (UK)}}" | [[File:Ivan Lewis2.jpg | 90x90px]] | Ivan Lewis | May 2005 | May 2006 | Labour | ||||||||||
| Labour Party (UK)}}" | [[File:Ed Balls 2.jpg | 60px]] | Ed Balls | 6 May 2006 | 28 June 2007 | Labour | ||||||||||
| Labour Party (UK)}}" | [[File:kitty ussher at election count in burnley 2009.JPG | 60px]] | Kitty Ussher | 29 June 2007 | 5 October 2008 | Labour | Labour Party (UK)}}" | Brown | Darling | |||||||
| Labour Party (UK)}}" | [[File:ianperason.jpg | 60px]] | Ian Pearson | 5 October 2008 | 11 May 2010 | Labour | ||||||||||
| Conservative Party (UK)}}" | [[File:Justine Greening.jpg | 73x73px]] | Justine Greening | 13 May 2010 | 14 October 2011 | Conservative | Cameron | |||||||||
| (Coalition) | Osborne | |||||||||||||||
| Conservative Party (UK)}}" | [[File:Chloesmith.JPG | 90x90px]] | Chloe Smith | 14 October 2011 | 4 September 2012 | Conservative | ||||||||||
| Conservative Party (UK)}}" | [[File:Sajid Javid MP (cropped).jpg | 80x80px]] | Sajid Javid | 4 September 2012 | 7 October 2013 | Conservative | ||||||||||
| Conservative Party (UK)}}" | [[File:Nicky Morgan, Secretary of State for Education, delivering a speech at Policy Exchange (22745123405) (cropped).jpg | 80x80px]] | Nicky Morgan | 7 October 2013 | 9 April 2014 | Conservative | ||||||||||
| Conservative Party (UK)}}" | [[File:Andrea Leadsom 2016.jpg | 80x80px]] | Andrea Leadsom | 9 April 2014 | 11 May 2015 | Conservative | ||||||||||
| Conservative Party (UK)}}" | [[File:Harriet Baldwin MP, Minister of State for International Development (47227494032).jpg | 80x80px]] | Harriett Baldwin | 11 May 2015 | 16 July 2016 | Conservative | Conservative Party (UK)}}" | Cameron | ||||||||
| (II) | ||||||||||||||||
| [[File:MP Simon Kirby.jpg | 60x60px]] | Simon Kirby | 17 July 2016 | 9 June 2017 | Conservative | Conservative Party (UK)}}" | May | |||||||||
| (I) | Hammond | |||||||||||||||
| [[File:Official portrait of Stephen Barclay crop 2.jpg | 80x80px]] | Steve Barclay | 14 June 2017 | 9 January 2018 | Conservative | Conservative Party (UK)}}; border: none" | May | |||||||||
| (II) | ||||||||||||||||
| [[File:Official portrait of John Glen MP crop 2.jpg | frameless | 60px | center]] | John Glen | 9 January 2018 | 6 July 2022 | Conservative | |||||||||
| Conservative Party (UK)}}; border: none" | ||||||||||||||||
| Conservative Party (UK)}}" | Johnson | Javid | ||||||||||||||
| Sunak | ||||||||||||||||
| [[File:Official portrait of Richard Fuller MP crop 2.jpg | 60px]] | Richard Fuller | 8 July 2022 | 27 October 2022 | Conservative | Zahawi | ||||||||||
| Conservative Party (UK)}}" | Truss | Kwarteng | ||||||||||||||
| Hunt | ||||||||||||||||
| Conservative Party (UK)}}" | [[File:Official portrait of Andrew Griffith MP crop 2.jpg | frameless | 81x81px]] | Andrew Griffith | 27 October 2022 | 13 November 2023 | Conservative | Conservative Party (UK)}}" | Sunak | |||||||
| Conservative Party (UK)}}" | [[File:Official portrait of Bim Afolami MP crop 2.jpg | frameless | 81x81px]] | Bim Afolami | 13 November 2023 | 5 July 2024 | Conservative | |||||||||
| Labour Party (UK)}}" | [[File:Chancellor Rachel Reeves, with Economic Secretary to the Treasury Tulip Siddiq (cropped).jpg | frameless | 81x81px]] | Tulip Siddiq | 9 July 2024 | 14 January 2025 | Labour | Labour Party (UK)}}" | Starmer | Reeves | ||||||
| Labour Party (UK)}}" | [[File:Official portrait of Emma Reynolds MP crop 2, 2024.jpg | frameless | 81x81px]] | Emma Reynolds | 14 January 2025 | 5 September 2025 | Labour | |||||||||
| Labour Party (UK)}}" | [[File:Official portrait of Lucy Rigby MP crop 2.jpg | frameless | 81x81px]] | Lucy Rigby | 6 September 2025 | Incumbent | Labour |
References
References
- (10 April 2014). "Andrea Leadsom MP appointed new City Minister for HMT". Tech UK.
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