Ministerial responsibilities
Chancellor of the Exchequer: Rt Hon Alistair Darling MP
- The Chancellor has overall responsibility for the work of the Treasury.
Chief Secretary to the Treasury: Rt Hon Yvette Cooper MP
- Responsibility for public expenditure including:
- Spending reviews and strategic planning;
- In-year control;
- Public sector pay and pensions;
- Efficiency and value for money in public services
- Capital investment; and
- Public service delivery and performance.
- Treasury interest in devolution and regional policy;
- Child poverty, welfare reform and oversight of the integration of the tax and benefit system;
- Assist the Chancellor where necessary on a wide range of economic, International and European issues.
Financial Secretary to the Treasury: Rt Hon Stephen Timms MP
- 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 Responsibility
Exchequer Secretary to the Treasury: Angela Eagle MP
- Enterprise and productivity including small business taxation and support to the Chancellor on economic reform;
- 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 Royal Mint and Departmental Minister for HM Treasury Group;
- Working with the Chief Secretary with responsibility for the Office of Government Commerce and procurement policy;
- Working with the Financial Secretary on the Finance Bill
Economic Secretary: Ian Pearson MP [1]
- Financial services policy: Banking Reform Bill, Dormant Accounts Bill mutual legislation and asset freezing
- Personal savings and pensions policy, financial inclusion and capability;
- Stamp duty land tax and REITs;
- Equitable Life;
- Foreign exchange reserves and debt management policy, with responsibility for National Savings and Investment, the Debt Management Office and the Government Actuary's Department;
- Support to the Chancellor on EU and wider international finance issues, in particular EU Budget;
- EMU preparations;
- Working with the Financial Secretary on the Finance Bill
Financial Services Secretary: Paul Myners CBE
- Financial services policy including:
- financial stability;
- city competitiveness;
- wholesale and retail markets in the UK, Europe and internationally;
- financial crime;
- the Financial Services Authority.
- Competition and better regulation
Minister of State with responsibility for revenue protection at the border: Phil Woolas MP [2]
- 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
[1] Jointly with the Department of Business, Enterprise and Regulatory Reform (BERR).
[2] Jointly with the Home Office
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