Ministerial role

Financial Secretary to the Treasury

Organisations: HM Treasury
Current role holder: The Rt Hon Lucy Frazer QC 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
  • Emissions Trading Scheme, Climate Change Levy, Carbon Pricing Support
  • 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)
  • parliamentary deputy on public spending issues

Current role holder

The Rt Hon Lucy Frazer QC MP

The Rt Hon Lucy Frazer QC MP was re-appointed as a Minister of State in the Ministry of Justice on 10 September 2021.

Previously she was appointed Solicitor General on 2 March 2021. She was appointed as a Minister of State at the Ministry of Justice on 25 July 2019.

She was Solicitor General from 9 May 2019 to 25 July 2019.

She was previously Parliamentary Under Secretary of State at the Ministry of Justice.

She was elected as Conservative MP for South East Cambridgeshire in 2015.

More about this person

Previous holders of this role

  1. The Rt Hon Jesse Norman MP

    2019 to 2021

  2. The Rt Hon Mel Stride MP

    2017 to 2019

  3. Jane Ellison

    2016 to 2017

  4. The Rt Hon David Gauke

    2014 to 2016

  5. The Rt Hon Baroness Nicky Morgan

    2014 to 2014

  6. The Rt Hon Sajid Javid MP

    2013 to 2014

  7. The Rt Hon Greg Clark MP

    2012 to 2013

  8. Mark Hoban

    2010 to 2012