Ministerial role

Exchequer Secretary to the Treasury

Organisations: HM Treasury
Current role holder: Kemi Badenoch MP

Responsibilities

The Exchequer Secretary (XST) is responsible for:

UK growth and productivity, including:

  • regional devolution, City deals, Northern Powerhouse, Midlands Engine, Ox-Cam Arc
  • place based economic strategy
  • better regulation and competition policy
  • R&D and science policy
  • skills, migration, National Retraining Scheme and apprenticeship levy
  • digital, fibre and mobile
  • implementation of the Rose Review
  • corporate governance
  • Patient Capital Review implementation
  • Small Business Policy (including prompt payments and FSB stakeholder engagement)
  • Crown Estate and the Royal Household
  • Overseas territories and Crown dependencies
  • Promoting UK as a destination for FDI (non-FS)
  • Departmental minister for HM Treasury Group
  • Supporting tax legislation in Parliament

Energy infrastructure, energy, environment and climate policy:

  • the net zero review into the costs of decarbonisation
  • new nuclear
  • roll out of green infrastructure
  • consumer bills vs tax
  • energy and environment taxes, including plastics taxation and carbon taxes
  • transport taxation including vehicle taxes and future strategy and air passenger duty
  • North Sea oil, gas and shipping

In addition to supporting tax legislation in Parliament, the XST leads on the following indirect taxes:

  • excise duties (alcohol, tobacco and gambling), including excise fraud and law enforcement
  • soft drink industry levy
  • charities, the voluntary sector and gift aid

Current role holder

Kemi Badenoch MP

Kemi Badenoch was appointed Exchequer Secretary to the Treasury on 13 February 2020 and Parliamentary Under Secretary of State (Minister for Equalities) in the Department for International Trade on 14 February 2020.

She was previously Parliamentary Under Secretary of State at the Department for Education from 27 July 2019 to 13 February 2020.

Kemi Badenoch is currently on maternity leave.

Image credit: UK Parliament. Used under Creative Commons

More about this person

Previous holders of this role

  1. Simon Clarke MP

    2019 to 2020

  2. The Rt Hon Robert Jenrick MP

    2018 to 2019

  3. Andrew Jones MP

    2017 to 2018

  4. The Rt Hon Damian Hinds MP

    2015 to 2016

  5. The Rt Hon Priti Patel MP

    2014 to 2015

  6. The Rt Hon David Gauke

    2010 to 2014

Announcements

  1. Devolution talks underway in Leeds
  2. £56 million to boost business productivity
  3. Net Zero Review launched to support UK's world leading climate commitment
  4. Ministers highlight vital projects around the country as government drives infrastructure revolution
  5. Charging Infrastructure Investment Fund Industry Event: Exchequer Secretary’s speech
  6. The Economics of Biodiversity: Advisory Panel
  7. Landmark biodiversity review meeting held today
  8. Treasury minister visits Tees Valley
  9. Government pledges £62m flood funding for communities in England
  10. Over £500m new investment in green technologies for a cleaner and healthier future