Ministerial role

Minister of State for Trade and Investment

Responsibilities

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:

  • Commercial and Economic Diplomacy Department
  • Economics Unit
  • UK Trade & Investment (UKTI)
  • UK Export Finance (UKEF) - formal name: Export Credits Guarantee Department (ECGD)
  • spokesman for the government on trade and investment issues in the House of Lords
  • core member of the FCO and BIS Ministerial teams providing advice on business policy
  • Chair of the Council of Business Ambassadors

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

Policies

under the responsibility of Lord Livingston as Minister of State for Trade and Investment

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

    • 18 December 2013

Announcements

by Minister of State for Trade and Investment

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  1. Mark Carney and Sir Richard Branson talk business

    • 7 April 2014
    • Press release
  2. 3,000 UK companies to take part in Export Week

    • 7 April 2014
    • Press release
  3. UK Trade Minister calls for speedy conclusion to £1.3 billion Canada trade agreement

    • 26 March 2014
    • Press release
  4. Ken Clarke discusses proposed Transatlantic Trade and Investment Partnership with professional business services

    • 21 March 2014
    • Press release
  5. Budget 2014: further action to enhance UK Export Finance support

    • 19 March 2014
    • News story
  6. Trade minister brings UK business delegation to the Gulf

    • 17 March 2014
    • Press release
  7. World’s top graduate entrepreneurial talent hits UK shores

    • 14 March 2014
    • Press release
  8. Prime Minister welcomes £70 million Israeli investment in UK following visit

    • 13 March 2014
    • Press release
  9. PM leads business delegation to Israel and the Palestinian territories

    • 12 March 2014
    • News story
  10. Hundreds of new UK tech jobs announced at CeBIT 2014

    • 10 March 2014
    • Press release

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