Ministerial role

Financial Secretary to the Treasury

Organisations: HM Treasury
Current role holder: The Rt Hon Jesse Norman MP

Responsibilities

The Financial Secretary (FST) is the Treasury Minister of State responsible for tax policy and customs – including border readiness, which includes:

  • leading on the UK tax system including direct, indirect, business, property and personal taxation
  • corporate and small business taxation
  • Value Added Tax (VAT)
  • European and international tax issues
  • overall responsibility for the Finance Bill
  • National Insurance Bill
  • customs policy
  • HMRC planning and delivery of our future partnership with the EU
  • departmental Minister for HM Revenue and Customs and the Valuation Office Agency and the Government Actuary’s Department
  • tariffs policy
  • trade policy
  • freeports (CST policy lead – FST support on customs)
  • infrastructure policy:
  • National Infrastructure Strategy
  • National Infrastructure Commission
  • Infrastructure and Projects Authority (IPA, joint with Cabinet Office)
  • Public - Private Partnerships
  • (PPPs) and Private Finance Initiatives (PFI/PFI2)
  • parliamentary deputy on public spending issues

Current role holder

The Rt Hon Jesse Norman MP

Jesse Norman was appointed Financial Secretary to the Treasury on 23 May 2019.

Jesse was Paymaster General from 23 May 2019 to 24 July 2019. He was previously Minister of State at the Department for Transport from November 2018 to May 2019.

Before that, he was Parliamentary Under Secretary of State at the Department for Transport from June 2017 to November 2018.

He was elected as Conservative MP for Hereford and South Herefordshire in May 2010.

Education

Jesse studied at Oxford University (BA) and University College London (MPhil, PhD).

Political career

Jesse was Parliamentary Under Secretary of State at the Department for Business, Energy and Industrial Strategy from 18 July 2016 until 14 June 2017. During the 2010 to 2015 Parliament Jesse was a member of the Treasury Select Committee and Chair of the All-Party Parliamentary Group on Employee Ownership. In June 2015 he was elected Chair of the Department for Culture, Media and Sport Select Committee.

Jesse was awarded Spectator Parliamentarian of the Year and The House Backbencher of the Year in 2012.

Career outside politics

Before entering politics Jesse was a Director at Barclays, researched and taught philosophy at University College London, and ran a charitable project in Communist Eastern Europe.

His books and pamphlets include ‘The achievement of Michael Oakeshott’, ‘After Euclid’, ‘Compassionate conservatism’ and ‘The big society’. His book ‘Edmund Burke: politician, philosopher, prophet’ was listed for the Samuel Johnson Prize, the Political Book Awards and the George Orwell Prize. His book ‘Adam Smith: What he thought, and why it matters’ was published in 2018. He has also written regularly for the national press.

More about this person

Previous holders of this role

  1. The Rt Hon Mel Stride MP

    2017 to 2019

  2. Jane Ellison

    2016 to 2017

  3. The Rt Hon David Gauke

    2014 to 2016

  4. The Rt Hon Baroness Nicky Morgan

    2014 to 2014

  5. The Rt Hon Sajid Javid MP

    2013 to 2014

  6. The Rt Hon Greg Clark MP

    2012 to 2013

  7. Mark Hoban

    2010 to 2012

Announcements

  1. Border Force prioritising checks on medical equipment
  2. Don’t miss out, claim Child Benefit by phone or post, HMRC tells new parents
  3. Creative industry reliefs triumph at the Oscars®
  4. HMRC extends customs grant funding deadline
  5. Do your tax return before it drives you quackers, you’ve got one week to go!
  6. Off-payroll review launched
  7. Treasury publishes Isle of Man VAT review
  8. Isle of Man aircraft and yachts VAT review
  9. Ministers highlight vital projects around the country as government drives infrastructure revolution
  10. Sir Amyas Morse to lead independent review of the Loan Charge