Ministerial role

Economic Secretary to the Treasury (City Minister)

Responsibilities

Responsibilities include financial services policy and overall strategic relationship with UK financial services, including:

  • banking and financial services reform and regulation (at home and in the EU) including the PRA
    • financial stability
    • financial conduct
  • City competitiveness
  • bank lending and access to finance
  • insurance
  • asset management
  • RBS, Lloyds and UKFI
  • asset freezing and financial crime
  • retail financial services, including consumer finance, financial advice and capability
  • Equitable life
  • foreign exchange reserves and debt management policy, National Savings and Investments and the Debt Management Office
  • departmental minister for HM Treasury Group
  • parliamentary deputy on economy issues

Current role holder: Simon Kirby MP

Simon Kirby was appointed as Economic Secretary to the Treasury (City Minister) on 16 July 2016. He was elected as the MP for Brighton Kemptown in May 2010.

Education

Simon has a BSc(Hons) degree in Mathematical Modelling from the Open University and studied Operational Research at the London School of Economics.

Politics

Simon was first elected to represent the people of Kemptown in 1992 as a Councillor on East Sussex County Council. Following this, he served on both Brighton Borough and Brighton and Hove City Councils. He stood down as a Cabinet member on East Sussex County Council in 2009 to concentrate on winning back the marginal parliamentary seat in Brighton Kemptown and was successfully elected as the Member of Parliament for Brighton Kemptown in 2010. He has served on the BIS select committee and was appointed PPS in DCMS, the Foreign Office and the Department of Health. He also played a part in the Marriage (Same Sex Couples) Bill and was Vice Chair of the HIV/AIDS APPG. Simon held the Brighton Kemptown seat in 2015 and was promoted to the Government Whips office.

Career before politics

Prior to his career in politics, Simon started, and jointly owned, a local leisure business called C-Side which appeared in the ‎Sunday Times Fast Track 100 List, as well as a local radio station, which today is Juice FM. He was also involved in campaigning for City status for Brighton & Hove.

Personal life

Simon is married to his wife Elizabeth and lives in Brighton. He has six children. Having been born in Hastings in 1964, Simon has lived in Sussex for nearly all of his life, giving him a real love of the area.

Previous holders of this role

  1. Harriett Baldwin MP

    • 2015 to 2016
  2. The Rt Hon Andrea Leadsom MP

    • 2014 to 2015
  3. The Rt Hon Nicky Morgan MP

    • 2013 to 2014
  4. The Rt Hon Sajid Javid MP

    • 2012 to 2013
  5. Chloe Smith

    • 2011 to 2012
  6. The Rt Hon Justine Greening MP

    • 2010 to 2011

Announcements

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  1. Business Banking Insight website seeks to enhance competition and transparency in the banking sector

    • Press release
  2. Women in Finance Charter signatories event: City Minister's speech

    • Speech
  3. 72 firms sign up to new Charter to link City bonuses to the appointment of senior women

    • News story
  4. Financial Services Trade and Investment Board's third meeting chaired by Harriett Baldwin

    • News story
  5. BBA Retail Banking Conference: City Minister's speech

    • Speech
  6. Economic Secretary to the Treasury's keynote speech at Women in Banking and Finance Awards

    • Speech
  7. Pensions Minister calls for exit charges cap across all pensions

    • Press release
  8. EU membership crucial for Newcastle’s thriving financial services industry, says UK City Minister

    • News story
  9. Leaving the EU would be an ‘act of economic self-harm’ for the South West’s financial services industry, says UK City Minister

    • News story
  10. Financial Services key part of the Northern Powerhouse, says City minister

    • News story