Economic Secretary to the Treasury


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-General and the Financial Secretary to the Treasury. It is not a Cabinet office.

The office was originally created in December 1947 and abolished on 22 December 1964 but reestablished on 11 November 1981.

The current holder of the post is Ian Pearson. He replaced Kitty Ussher on 3 October 2008.

Responsibilities

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 taxation as 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 Review and 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 Edwards 1950–1951
*"office vacant" (see Minister of Economic Affairs)
*Reginald Maudling 1952–1955
*Sir Edward Boyle 1955–1956
*Derek Colclough Walker-Smith 1956–1957
*Nigel Birch 1957–1958
*"office vacant" 1958
*Frederick Erroll 1958–1959
*Anthony Barber 1959–1962
*Edward du Cann 1962–1963
*Maurice Macmillan 1963–1964
*Anthony Crosland 1964 (de facto Minister of State for Economic Affairs)

*"office abolished 22 December 1964"
*"office reestablished 11 November 1981"

*Jock Bruce-Gardyne 1981–1983
*John Moore 1983
*Ian Stewart 1983–1987
*Peter Lilley 1987–1989
*Richard Ryder 1989
*John Maples 1989–1992
*Anthony Nelson 1992–1995
*Angela Knight 1995–1997
*Helen Liddell 1997–1998
*Patricia Hewitt 1998–1999
*Melanie Johnson 1999–2001
*Ruth Kelly 2001–2002
*John Healey 2002–2005
*Ivan Lewis 2005–2006
*Ed Balls 2006–2007
*Kitty Ussher 2007-2008
*Ian Pearson 2008-present

ee also

*Secretary to the Treasury


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