HM Treasury
HM Treasury is the department responsible for formulating and putting into effect the UK Government's financial and economic policy. The Treasury's overall aim is to raise the rate of sustainable growth, and achieve rising prosperity, through creating economic and employment opportunities for all.
Contact information
- Address: 1 Horseguards Road, London SW1A 2HQ
- Website: www.hm-treasury.gov.uk [External website]
- Telephone: 020 7270 5000
- Generic Email format: firstname.lastname@hm-treasury.gsi.gov.uk
Parliamentary Unit
Correspondence and Enquiry Unit
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Ministers
Chancellor of the Exchequer: The Rt Hon Alistair Darling
Alistair Darling
Leads on:
- The Chancellor of the Exchequer has overall responsibility for the work of the Treasury
Private Office to The Rt Hon Alistair Darling
Chief Secretary to the Treasury: The Rt Hon Liam Byrne
Liam Byrne
Leads on:
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Responsibility for public expenditure including:
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Spending Reviews and strategic planning;
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In-year and medium-term control of departmental expenditure limits (DEL) and annually managed expenditure (AME);
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Public sector pay and pensions;
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Capital investment; and
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Public service reform, delivery and performance
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Efficiency and value for money in public services, including the Public Value Programme, procurement and the Office of Government Commerce, and public asset management
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Treasury interest in devolution
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Equitable Life
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Assist the Chancellor where necessary on a wide range of economic, international and European issues
Private Office to The Rt Hon Liam Byrne
Financial Secretary: The Rt Hon Stephen Timms
Stephen Timms
Leads on:
- Strategic oversight of the UK tax system as a whole including direct, indirect, business and personal taxation
- Tax credits and integration of the tax and benefit system, working closely with the Chief Secretary on welfare reform and child poverty
- Departmental Minister for HM Revenue and Customs and the Valuation Office Agency
- Lead Minister on European and international tax issues and assist where necessary on broader European issues
- Overall responsibility for the Finance Bill
- The voluntary sector, charities, including Corporate Social Responsibilities
- Assist the Chancellor on European and International issues.
Also Parliamentary Under Secretary of State at the Department for Business, Innovation and Skills.
Private Office to The Rt Hon Stephen Timms
Exchequer Secretary: Sarah McCarthy-Fry
Sarah McCarthy-Fry
Leads on:
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Personal savings and pensions policy, financial inclusion and capability Urban regeneration and social exclusion including housing, planning and stamp duty land tax
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Environmental issues including taxation of transport, international Climate Change issues including global carbon trading and EU ETS, and energy issues including taxation of oil
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Excise duties and gambling, including excise fraud and law enforcement
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Ministerial responsibility for the Royal Mint and Departmental Minister for HM Treasury Group
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Assisting the Financial Services Secretary on financial services policy, including Parliamentary business, asset freezing and financial crime.
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Equitable Life
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Working with the Financial Secretary on the Finance Bill
Private Office to Sarah McCarthy-Fry
Economic Secretary: Ian Pearson
Ian Pearson
Leads on:
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Growth, Enterprise and productivity including small business taxation, better regulation and support to the Chancellor on economic reform
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Competition, science, innovation and skills policy
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Industrial activism, including oversight of industrial and business support
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Regional Economic Policy
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EU Budget
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Public/Private Partnerships including Private Finance Initiative, and Partnerships UK and working with the Chief Secretary on wider procurement policy
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Working with the Financial Secretary on the Finance Bill
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Government Actuary’s Department
Private Office to Ian Pearson
Financial Services Secretary and Minister for the City: Lord Myners CBE
Lord Myners
Leads on:
- Financial services policy including; financial stability, city competitiveness, wholesale and retail markets in the UK, Europe and internationally, financial crime and the Financial Services Authority
- Assist the Chancellor of the Exchequer in all business of the Tripartite Authorities (HM Treasury, Bank of England, FSA)
- Banking support, including responsibility for the Asset Protection Scheme, Recapitalisation Fund and other schemes, lending agreements and responsibility for UK Financial Investments (UKFI)
- Foreign exchange reserves and debt management policy, National Savings and Investment and Debt Management Office
Private Office to Lord Myners CBE
Minister of State (Responsibilty for Revenue Protectionat the Border) and Minister for the North West: Phil Woolas (Joint with the Home Office)
Phil Woolas
Leads on:
- Responsible for the operational delivery of the UK Border Agency's (UKBA) revenue protection functions
- Delivery of targets covering revenue protection and the examination of goods at the frontier
- Minister for the North West
Also Minister of State in the Home Office.
Private Office to Phil Woolas
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Private Offices
Private Office to The Rt Hon Alistair Darling
Private Office to The Rt Hon Liam Byrne
Private Office to The Rt Hon Stephen Timms
Private Office to Sarah McCarthy-Fry
Private Office to Ian Pearson
Private Office to Lord Myners
Private Office to Phil Woolas
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Executive Agencies
Buying Solutions
Buying Solutions offers a complete advisory and procurement arrangement service to purchasing professionals working for central government, the wider public sector and their private sector agents and contractors.
National Savings and Investments
National Savings and Investments (NS&I) is a Government Department and became an Executive Agency of the Chancellor of the Exchequer in 1996.
As part of the Government's debt management arrangements, NS&I is responsible for providing cost-effective financing by issuing and selling savings and investment products to the public. NS&I is one of the largest savings organisations in the UK, with £78 billion of investors' money at the end of February 2007 (representing 15% of the National Debt and 8.7% of the cash based deposit market) and annual cash flows in excess of £20 billion.
Its mission is to help reduce the cost to the taxpayer of Government borrowing now and in the future. To achieve this, its single strategic objective is to provide retail funding for Government that is cost-effective in relation to funds raised on the wholesale market.
Royal Mint
The Royal Mint is responsible for the production of coins for the United Kingdom and for overseas customers; also military and civil decorations and medals; commemorative medals and royal and official seals.
UK Debt Management Office
The UK Debt Management Office (DMO) was established as an Executive Agency of the Treasury on 1 April 1998. The DMO's aim is to carry out the Government's debt management policy of minimising its financing costs over the long term, taking account of risk, and to manage the aggregate cash needs of the Exchequer in the most cost-effective way. The DMO took over full responsibility for management of the Exchequer's daily cash flow on 3 April 2000; this involves issuing Treasury bills, buying and selling securities in the money markets to ensure that the National Loans Fund is balanced on a daily basis and to secure cost-effective short-term asset or liability management.
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