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

Andrea Leadsom was 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

    • 2013 to 2014
  2. The Rt Hon Sajid Javid

    • 2012 to 2013
  3. Chloe Smith

    • 2011 to 2012
  4. The Rt Hon Justine Greening

    • 2010 to 2011

Policies

  1. Bank regulation

    • 9 March 2015
  2. Consumer credit market

    • 11 June 2014
  3. Access to financial services

    • 24 April 2013
  4. Financial services regulation

    • 24 April 2013

Announcements

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  1. £500k to help armed forces personnel access credit union services

    • 26 March 2015
    • News story
  2. Economic Secretary seeks agreement on further action to address bank de-risking

    • 26 March 2015
    • News story
  3. Is your bank giving you the best deal? Find out using new online comparison tool

    • 26 March 2015
    • News story
  4. Banks agree protocol on branch closures

    • 26 March 2015
    • Press release
  5. Making Britain the Western RMB hub - government hails next step

    • 25 March 2015
    • News story
  6. Government reports on latest progress to cement UK’s position as centre of global finance

    • 24 March 2015
    • News story
  7. CityWeek 2015: Economic Secretary's keynote address

    • 24 March 2015
    • Speech
  8. Economic Secretary meets London’s Somali community to consider government support for the flow of remittances

    • 24 March 2015
    • News story
  9. Government responds to independent review of Money Advice Service

    • 20 March 2015
    • News story
  10. City Minister sees how NatWest's Birmingham branch is supporting businesses of the future

    • 12 March 2015
    • News story