Ministerial role

Minister of State for Trade and Investment


The minister is responsible for trade and investment. This role is shared between the Foreign & Commonwealth Office (FCO) and the Department for Business, Innovation and Skills (BIS). Responsibilities include:

  • developing and implementing cross-government strategy for trade and inward investment
  • UK Trade and Investment (UKTI), UK Export Finance (Export Credits Guarantee Department) and the Foreign and Commonwealth Office’s Prosperity Directorate
  • speaking for the government on trade and investment issues in the House of Lords
  • membership of the Prime Minister’s Business Advisory Group
  • coordinating European business
  • multilateral trade policy
  • single market and implementation

Current role holder: Lord Livingston

Lord Livingston was appointed Minister of State for Trade and Investment on 11 December 2013 and leads on FCO relations with British Business. He is a Conservative member of the House of Lords.

Career outside politics

Lord Livingston was CEO of BT Group from 2008 until 2013. Over that period free cash flow tripled and BT has become one of the best performing European Telco stocks. It invested heavily in one of the fastest fibre rollout programmes in the world and launched a new TV sports service. Having joined BT in 2002, he served on the BT Group Board as Group Finance Director and CEO BT Retail, its consumer and small business division.

Prior to this, Lord Livingston was Group Finance Director at Dixons Group plc from the age of 32 making him the youngest FTSE 100 CFO by some distance. During his tenure, Dixons grew revenue and profits strongly and created the UK’s first major internet IPO, Freeserve.

Lord Livingston has also worked for 3i plc, Bank of America and Arthur Andersen. He was previously a non executive director of Hilton Group plc and is currently a non executive director on the board of Celtic plc. He is a Chartered Accountant.

Personal life

Lord Livingston is married with 2 children.

Previous holders of this role

  1. Lord Green of Hurstpierpoint

    • 2011 to 2013


  1. Increasing the UK’s exports and attracting inward investment

    • 18 December 2013


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  1. 2nd annual UK/Pakistan Trade and Investment Conference in London

    • 18 December 2013
    • News story
  2. Lord Livingston comments on the third round of negotiations between the EU and US for the Transatlantic Trade and Investment Partnership

    • 18 December 2013
    • News story
  3. Talented graduate entrepreneurs brought to UK

    • 16 December 2013
    • Press release
  4. Crispin Simon to take over as Acting Chief Executive of UKTI

    • 13 December 2013
    • Press release
  5. UK exports on a winning streak

    • 11 December 2013
    • Press release
  6. Lord Livingston becomes new Trade Minister

    • 10 December 2013
    • Press release
  7. UK welcomes historic global trade deal to cut red tape

    • 7 December 2013
    • Press release
  8. Aircraft supported by UK Export Finance assists relief operations in the Philippines

    • 3 December 2013
    • News story
  9. Boost for exporters and banks as UK Export Finance increases risk underwritten

    • 28 November 2013
    • News story
  10. £11 billion Olympic legacy target smashed during UK’s biggest ever Export Week

    • 16 November 2013
    • Press release