- Economic Secretary to the Treasury
The Economic Secretary to the Treasury is the fifth and most junior ministerial post in the UK Treasury, after the
Chancellor of the Exchequer, the Chief Secretary to the Treasury, the Paymaster-Generaland the Financial Secretary to the Treasury. It is not a Cabinetoffice.
The office was originally created in December 1947 and abolished on
22 December 1964but reestablished on 11 November 1981.
The current holder of the post is
Ian Pearson. He replaced Kitty Ussheron 3 October 2008.
The Economic Secretary is responsible for matters involving banking and finance, including banks, insurance, personal savings, financial regulation, and
foreign exchange reserves. He or she is also involved in taxationas 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 Reviewand finance bills. [http://www.hm-treasury.gov.uk/about/ministerial_profiles/minprofile_index.cfm]
Economic Secretaries to the Treasury, 1947–present
*Douglas Jay 1947–1950
*"office vacant" 1950
Lewis John Edwards1950–1951
*"office vacant" (see
Minister of Economic Affairs)
*Sir Edward Boyle 1955–1956
Derek Colclough Walker-Smith1956–1957
*"office vacant" 1958
*Frederick Erroll 1958–1959
Edward du Cann1962–1963
Anthony Crosland1964 (de facto Minister of State for Economic Affairs)
22 December 1964"
11 November 1981"
*John Moore 1983
*Ian Stewart 1983–1987
*Richard Ryder 1989
Secretary to the Treasury
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