Economic Secretary to the Treasury

John Glen MP

Biography

John Glen was appointed Economic Secretary to the Treasury and City Minister on 9 January 2018.

He was Parliamentary Under Secretary of State for the Department for Culture, Media and Sport from 14 June 2017 to 8 January 2018.

He was Parliamentary Private Secretary to Philip Hammond from July 2016 until June 2017.

Political career

John Glen MP was first elected to Parliament as the MP for Salisbury in 2010.

He previously worked for the Eric Pickles and Sajid Javid as a Parliamentary Private Secretary.

Economic Secretary to the Treasury

The Economic Secretary (EST) is responsible for:

  • banking and financial services reform and regulation
    • financial stability, including relationship with the PRA
    • financial conduct, including relationship with the FCA
  • EU exit financial services
  • City competitiveness, including Financial Services Trade and Investment Board
  • retail financial services, including banking competition, consumer finance, financial advice and capability
  • bank lending and access to finance
  • financial services taxation, including bank levy, bank corp. tax surcharge, IPT
  • personal savings tax and pensions tax policy
  • insurance
  • asset management
  • Women in Finance Charter
  • sponsorship of UKFI and state owned financial assets – RBS, UKAR
  • sponsorship of UKGI and sale of government non-financial assets
  • financial sanctions and anti-money laundering
  • financial inclusion (lead on the government’s financial inclusion agenda)
  • Equitable Life
  • foreign exchange reserves and debt management policy, NS&I and the Debt Management Office
  • parliamentary deputy on economy issues

Previous roles in government

  1. Parliamentary Under Secretary of State for Arts, Heritage and Tourism

    • 2017 to 2018

Announcements

  1. Women in Finance Charter
  2. UK takes top spot in fight against dirty money
  3. Economic Secretary speech: FT Banking Summit
  4. Open letter between HM Treasury and the All-Party Parliamentary Group on Fair Business Banking, December 2018
  5. More than 400,000 first time buyers step onto the housing ladder with Help to Buy
  6. TISA Conference: Economic Secretary speech
  7. Ban on cold calling in relation to pensions
  8. UK Government strengthens ties with the powerhouses of Asia
  9. Savers to earn 50p for every £1 saved thanks to Help to Save
  10. More than 420,000 people get on the housing ladder with Help to Buy