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ECONOMIC SECRETARY: RESPONSIBILITIES

  • Banking, financial services and insurance, and support to the Chief Secretary on the implementation of the Financial Services and Markets Act;

  • Financial services tax issues, including ISAs, taxation of savings, Stamp Duty, Insurance Premium Tax and pensions;

  • Foreign exchange reserves and debt management policy;

  • Support to the Chancellor on EU issues;

  • EMU business preparations;

  • Economic reform in Europe;

  • Responsibility for National Savings, the Debt Management Office, National Investment and Loans Office, Office for National Statistics, Royal Mint and the Government Actuary’s Department;

  • Personal savings policy;

  • Support to the Chief Secretary and Financial Secretary on public spending and productivity issues;

  • Support to the Paymaster General on the Finance Bill;

  • Womens’ issues; and

  • Departmental Minister for HM Treasury. 



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