Minister of State (Minister for Regulatory Reform)
Responsibilities
The minister is responsible for:
- cross-government regulatory reform
- better regulation
- Lords business legislation
- all Private Members Bills
- corporate issues
- Regulatory Policy Committee
Current role holder
Lord Johnson
Lord Dominic Johnson of Lainston CBE was appointed Minister of State in the Department for Business and Trade on 7 February 2023.
He was previously Minister of State (Minister for Investment) in the Department for International Trade between 24 November 2022 and 7 February 2023.
He was Minister of State jointly in the Department for International Trade and the Cabinet Office between 2 October 2022 and 28 October 2022.
He has spent over 25 years in financial services, beginning his career at Robert Fleming in 1995, before moving to Hong Kong to work for Jardine Fleming and then in 2002, after a series of dot com start ups, heading the marketing for Lloyd George Asset Management - an emerging markets specialist firm.
In 2007 he co-founded Somerset Capital Management LLP as an employee-owned democratic partnership, focussing on pension fund management in developing countries.
Between 9 November 2020 and 2 October 2022 Dominic was a non-executive board member of the Department for International Trade. He was Chair of the department’s Audit and Risk Assurance Committee.
Between 2017 and 2019 he was vice-chairman of the Conservative Party.
Previous holders of this role
-
The Earl of Minto
2023 to 2023