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
    • City competitiveness
    • bank lending and access to finance
    • Help to Buy
    • financial conduct and the FCA
    • asset management
  • RBS, Lloyds and UKFI
  • 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

Current role holder: Andrea Leadsom MP

Andrea Leadsom is the Member of Parliament for South Northamptonshire. She was appointed to the position of Economic Secretary to the Treasury on 9 April 2014.

Education

After attending Tonbridge Girls Grammar School in Kent, Andrea went on to read political science at Warwick University.

Political career

Andrea served on the Treasury Select Committee from 2010 until she was appointed to the position of Economic Secretary to the Treasury in April 2014.

Career outside politics

Andrea worked in the banking and finance industry for 25 years, most recently as Head of Corporate Governance and Senior Investment Officer at Invesco Perpetual, one of the UK’s largest retail fund managers.

Personal life

Andrea is married to Ben and has three children.

Previous holders of this role

  1. The Rt Hon Nicky Morgan MP

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

    • 2012 to 2013
  3. Chloe Smith MP

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

    • 2010 to 2011

Policies

  1. Creating stronger and safer banks

    • 9 March 2015
  2. Making consumer credit markets fairer

    • 11 June 2014
  3. Making it easier for people to access and use financial services

    • 24 April 2013
  4. Improving regulation of the financial sector to protect customers and the economy

    • 24 April 2013

Announcements

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  1. Economic Secretary's speech to the International Financial Centres Global Series

    • 18 September 2013
    • Speech
  2. Speech by the Economic Secretary to the Treasury, Sajid Javid MP, on investment management strategy

    • 21 May 2013
    • Speech
  3. Speech by the Economic Secretary to the Treasury, Chloe Smith MP; Oil and gas fabricators conference

    • 27 July 2012
    • Speech
  4. Speech by the Economic Secretary to the Treasury, Chloe Smith MP; Westminster Forum

    • 16 July 2012
    • Speech
  5. Definition of environmental tax published

    • 16 July 2012
    • Press release
  6. Government to deliver certainty on decommissioning relief

    • 9 July 2012
    • Press release
  7. Speech by the Economic Secretary to the Treasury, Chloe Smith MP; Charity Tax Group event

    • 25 April 2012
    • Speech
  8. Speech by the Economic Secretary to the Treasury, Chloe Smith MP; ResPublica

    • 17 January 2012
    • Speech
  9. Capital allowances loophole ended

    • 12 August 2011
    • Press release
  10. Coastal communities to receive a multi-million pound boost

    • 22 July 2011
    • Press release