Ministerial role

Financial Secretary to the Treasury

Organisations: HM Treasury
Current role holder: Lord Livermore

Responsibilities

The Financial Secretary to the Treasury (FST) is the Growth Minister and is responsible for:

  • Supporting the Chancellor on the Growth Mission, specifically:

  • People: leading on the Treasury’s input to skills and workforce policy, including labour market, skills and migration

  • Place: leading on the Treasury’s input to regional growth, including cities and devolution and growth elements of housing and planning

  • Net Zero: leading on the Treasury’s input to the clean energy mission, including Great British Energy, decarbonisation, and green industries

  • Industrial Strategy and Trade: leading on the Treasury’s input to the  industrial strategy, trade strategy and EU opportunities

  • Innovation: including leading on the Treasury’s input to R&D, AI, digital economy and diffusion

  • Supporting the Chancellor on reforms to the UK’s Public Financial Institutions, including driving growth via the National Wealth Fund and British Business Bank

  • Supporting the Chancellor on economic security and resilience

  • Economic and business regulation and competition

  • Leading on the Treasury’s interest in welfare policy

  • Leading on the Treasury’s interest in inward and foreign direct investment (non-FS)

  • Business engagement (non-FS)

  • The Crown Estate 

  • Departmental minister for HM Treasury Group (including responsibility for the Darlington campus)

  • Leading on procurement and commercial strategy, including improving the efficiency and effectiveness of procurement

  • Treasury business in the House of Lords

Current role holder

Lord Livermore

Lord Livermore was appointed Financial Secretary to the Treasury on 8 July 2024.

More about this person

Previous holders of this role

  1. Nigel Huddleston MP

    2023 to 2024

  2. The Rt Hon Victoria Atkins MP

    2022 to 2023

  3. Andrew Griffith MP

    2022 to 2022

  4. The Rt Hon Lucy Frazer KC

    2021 to 2022

  5. The Rt Hon Jesse Norman MP

    2019 to 2021

  6. The Rt Hon Mel Stride MP

    2017 to 2019

  7. Jane Ellison

    2016 to 2017

  8. The Rt Hon David Gauke

    2014 to 2016

  9. The Rt Hon Baroness Nicky Morgan

    2014 to 2014

  10. The Rt Hon Sajid Javid

    2013 to 2014

  11. The Rt Hon Greg Clark

    2012 to 2013

  12. Mark Hoban

    2010 to 2012