Ministerial role

Economic Secretary to the Treasury

Responsibilities

  • banking and financial services reform and regulation
    • financial stability, including relationship with the PRA
    • financial conduct, including relationship with the FCA
  • EU exit financial services
  • City competitiveness, including Financial Services Trade and Investment Board
  • retail financial services, including banking competition, consumer finance, financial advice and capability
  • bank lending and access to finance
  • personal savings tax and pensions tax policy
  • insurance
  • asset management
  • Women in Finance Charter
  • UKFI and state owned financial assets – RBS, UKAR
  • sponsorship of UKGI and sale of government non-financial assets
  • asset freezing and financial crime
  • financial inclusion (lead on the government’s financial inclusion agenda)
  • Equitable Life
  • foreign exchange reserves and debt management policy, National Savings and Investments and the Debt Management Office
  • parliamentary deputy on economy issues

Previous holders of this role

  1. Stephen Barclay MP

    • 2017 to 2018

Announcements

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  1. Protecting the future of peer-to-peer lending

    • News story
  2. UK establishes new money laundering watchdog

    • News story
  3. Over 900,000 more customers open fee-free basic bank accounts

    • News story
  4. Economic talks herald Golden Era in UK-China relations

    • News story
  5. Business set to benefit from new Insurance Linked Securities rules

    • News story
  6. The strategy for the future of the UK's asset management industry unveiled

    • News story
  7. FinTech to help renters get on the housing ladder

    • News story
  8. Welsh business visits Downing Street ahead of Small Business Saturday

    • Press release
  9. Industry-led review details plans to increase social impact investments in the UK

    • Press release
  10. PM meeting with European business organisations

    • Press release