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 Economic Secretary at HM Treasury on 17 July 2016. He was elected Conservative MP for Brighton, Kemptown in May 2010.

Education

Simon was educated at Hastings Grammar School. He obtained a BSc (Hons) in Mathematical Modelling from the Open University and went on to study Operational Research at London School of Economics.

Politics

In 2012 Simon was appointed the Parliamentary Private Secretary to the Minister for Sport and Tourism. In August 2014 he was promoted to the role of Parliamentary Private Secretary to the Secretary of State for Health. Simon served as an Assistant Government Whip from May 2015 until July 2016.

Career before politics

Simon was an entrepreneur prior to becoming elected. He co-founded Surf 107, Brighton’s Independent Radio station. He also co-founded Webb Kirby (later C-Side), a pub, restaurant and nightclub chain in Brighton.

Personal life

Simon is married and has 6 children.

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