The Exchequer Secretary to the Treasury is a junior ministerial post in

His Majesty's Treasury His Majesty's Treasury (HM Treasury), occasionally referred to as the Exchequer, or more informally the Treasury, is a department of His Majesty's Government responsible for developing and executing the government's public finance policy and e ...

, ranked below the

First Lord of the Treasury The first lord of the Treasury is the head of the Lords Commissioners of the Treasury exercising the ancient office of Lord High Treasurer in the United Kingdom, and is by convention also the prime minister. This office is not equivalent to the ...

, the

Chancellor of the Exchequer The chancellor of the Exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and head of His Majesty's Treasury. As one of the four Great Offices of State, the Chancellor is ...

, the

Chief Secretary to the Treasury The chief secretary to the Treasury is a ministerial office in the government of the United Kingdom. The office is the second most senior in the Treasury, after the chancellor of the Exchequer. The office was created in 1961, to share the burden ...

, the

Paymaster General His Majesty's Paymaster General or HM Paymaster General is a ministerial position in the Cabinet Office of the United Kingdom. The incumbent Paymaster General is Jeremy Quin MP. History The post was created in 1836 by the merger of the posit ...

and the

Financial Secretary to the Treasury The financial secretary to the Treasury is a mid-level ministerial post in HM Treasury, His Majesty's Treasury. It is nominally the fifth most significant ministerial role within the Treasury after the First Lord of the Treasury, first lord of th ...

, and alongside the

Economic Secretary to the Treasury The Economic Secretary to the Treasury is the sixth-most senior ministerial post in His Majesty's Treasury, after the First Lord of the Treasury, the Chancellor of the Exchequer, the Chief Secretary to the Treasury, the Paymaster-General and the ...

. It ranks at Parliamentary Secretary level and is not a

Cabinet Cabinet or The Cabinet may refer to: Furniture * Cabinetry, a box-shaped piece of furniture with doors and/or drawers * Display cabinet, a piece of furniture with one or more transparent glass sheets or transparent polycarbonate sheets * Filing ...

office. Unlike the other posts of Secretary to the Treasury, it is only used occasionally, normally when the post of Paymaster General is allocated to a minister outside the Treasury. The first Exchequer Secretary was

Phillip Oppenheim Phillip Arthur Charles Lawrence Oppenheim (born 20 March 1956) is a British businessman and former politician. Early life Oppenheim was born in Lambeth in South London, in 1956. He is the son of former Conservative government minister Sally ...

, who held the post from 23 July 1996 to 2 May 1997, when he lost his seat in the

general election A general election is a political voting election where generally all or most members of a given political body are chosen. These are usually held for a nation, state, or territory's primary legislative body, and are different from by-elections ( ...

that brought

Tony Blair Sir Anthony Charles Lynton Blair (born 6 May 1953) is a British former politician who served as Prime Minister of the United Kingdom from 1997 to 2007 and Leader of the Labour Party from 1994 to 2007. He previously served as Leader of th ...

to power. After a period of abeyance, the office was reinstated upon

Gordon Brown James Gordon Brown (born 20 February 1951) is a British former politician who served as Prime Minister of the United Kingdom and Leader of the Labour Party (UK), Leader of the Labour Party from 2007 to 2010. He previously served as Chance ...

's accession as Prime Minister in June 2007, when Angela Eagle was appointed Exchequer Secretary. The position was held by

Helen Whately Helen Olivia Bicknell Whately (''née'' Lightwood; born 23 June 1976) is a British politician serving as Minister of State for Social Care since October 2022, and previously from 2020 to 2021. She also served as Exchequer Secretary to the Treas ...

, having been held by

Kemi Badenoch Olukemi Olufunto Badenoch ( ; née Adegoke, 2 January 1980) is a British politician serving as Secretary of State for International Trade, President of the Board of Trade and Minister for Women and Equalities since 2022. She previously served in ...

from 2020 to 2021. The minister is shadowed by the

Shadow Exchequer Secretary to the Treasury The Shadow Exchequer Secretary to the Treasury is a member of the Official Opposition frontbench in the United Kingdom. The officeholder shadows the Exchequer Secretary to the Treasury. The current officeholder is Labour MP Abena Oppong-Asare ...

, who sits on the Official Opposition frontbench.

Responsibilities

HM Treasury
' * Enterprise and productivity including

small business Small businesses are types of corporations, partnerships, or sole proprietorships which have fewer employees and/or less annual revenue than a regular-sized business or corporation. Businesses are defined as "small" in terms of being able to ap ...

taxation and support to the

on economic reform * Competition and better regulation * Science, innovation and skills policy, including implementation of the 10-year science and innovation strategy and the R&D

tax credit A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state. It may also be a credit granted in recognition of taxes already paid or a form of state "disc ...

* Regional economic policy * Urban regeneration and social exclusion including housing, planning and planning gain supplement; * Environmental issues including taxation of transport, international Climate Change issues including global carbon trading and EU ETS, and Energy Issues * Taxation of oil *

Excise duties file:Lincoln Beer Stamp 1871.JPG, upright=1.2, 1871 U.S. Revenue stamp for 1/6 barrel of beer. Brewers would receive the stamp sheets, cut them into individual stamps, cancel them, and paste them over the Bunghole, bung of the beer barrel so when ...

and

gambling Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three el ...

, including excise fraud and law enforcement * Public-private partnerships including

Private Finance Initiative The private finance initiative (PFI) was a United Kingdom government procurement policy aimed at creating "public–private partnerships" (PPPs) where private firms are contracted to complete and manage public projects. Initially launched in 199 ...

, and Partnerships UK * Ministerial responsibility for the

Office for National Statistics The Office for National Statistics (ONS; cy, Swyddfa Ystadegau Gwladol) is the executive office of the UK Statistics Authority, a non-ministerial department which reports directly to the UK Parliament. Overview The ONS is responsible for th ...

, the

Royal Mint The Royal Mint is the United Kingdom's oldest company and the official maker of British coins. Operating under the legal name The Royal Mint Limited, it is a limited company that is wholly owned by His Majesty's Treasury and is under an exclus ...

and Departmental Minister for HM Treasury Group * Support to the

public spending Government spending or expenditure includes all government consumption, investment, and transfer payments. In national income accounting, the acquisition by governments of goods and services for current use, to directly satisfy the individual o ...

issues including long-term challenges in the run up to the

Comprehensive Spending Review A spending review, or occasionally a comprehensive spending review, is a governmental process in the United Kingdom carried out by HM Treasury to set firm expenditure limits and, through public service agreements, define the key improvements that t ...

and selected Cabinet Committees * Assist where necessary on European issues * Working with the

on the

Finance Bill A government budget is a document prepared by the government and/or other political entity presenting its anticipated tax revenues (Inheritance tax, income tax, corporation tax, import taxes) and proposed spending/expenditure (Healthcare, Educat ...

Responsibility for procurement policy and the former Office of Government Commerce was transferred to the Cabinet Office in 2011.

List of Exchequer Secretaries

Responsibilities

List of Exchequer Secretaries

References

See also