Exchequer Secretary To The Treasury

It ranks at Parliamentary Secretary level and is not a Cabinet office.

United Kingdom Exchequer Secretary to the Treasury
Royal Arms of His Majesty's Government
Incumbent Gareth Davies since 21 April 2023
His Majesty's Treasury
Reports to	First Lord of the Treasury Chancellor of the Exchequer & Second Lord of the Treasury
Nominator	Prime Minister
Appointer	The King (on the advice of the Prime Minister)
Term length	At His Majesty's pleasure
Inaugural holder	Phillip Oppenheim
Formation	23 July 1996
Website	Official website

The first Exchequer Secretary was Phillip Oppenheim, who held the post from 23 July 1996 to 2 May 1997, when he lost his seat in the general election that brought Tony Blair to power.

After a period of abeyance, the office was reinstated upon Gordon Brown's accession as Prime Minister in June 2007, when Angela Eagle was appointed Exchequer Secretary. The office again fell out of use in July 2016 when Theresa May became Prime Minister, before she reinstated it following the 2017 general election.

The position was held by Helen Whately, having been held by Kemi Badenoch from 2020 to 2021.

The minister is shadowed by the Shadow Exchequer Secretary to the Treasury, who sits on the Official Opposition frontbench.

HM Treasury

• Enterprise and productivity including small business taxation and support to the Chancellor of the Exchequer 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
• 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 and gambling, including excise fraud and law enforcement
• Public-private partnerships including Private Finance Initiative, and Partnerships UK
• Ministerial responsibility for the Office for National Statistics, the Royal Mint and Departmental Minister for HM Treasury Group
• Support to the Chief Secretary to the Treasury on public spending issues including long-term challenges in the run up to the Comprehensive Spending Review and selected Cabinet Committees
• Assist where necessary on European issues
• Working with the Financial Secretary to the Treasury on the Finance Bill

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