Ministerial responsibilities

Chancellor of the Exchequer: Rt Hon George Osborne MP

Financial services policy including banking and financial services reform and regulation, financial stability, city competitiveness, wholesale and retail markets in the UK, Europe and internationally and the Financial Services Authority (FSA)
Banking support, including responsibility for the Asset Protection Scheme, Recapitalisation Fund and other schemes;
Bank lending;
Responsibility for UK Financial Investments (UKFI);
Equitable Life;
Personal savings and pensions policy;
Support to the Chancellor on EU and wider international finance issues.

Strategic oversight of the UK tax system including direct, indirect, business and personal taxation;
Corporate and small business taxation, with input from the Commercial Secretary;
Departmental Minister for HM Revenue and Customs and the Valuation Office Agency;
Lead Minister on European and international tax issues;
Overall responsibility for the Finance Bill.

Environmental issues including taxation of transport, international Climate Change issues and Energy Issues;
North Sea oil taxation;
Tax credits and child poverty and assisting the Chief Secretary on welfare reform;
Charities and the voluntary sector;
Excise duties and gambling, including excise fraud and law enforcement;
Stamp duty land tax;
EU Budget;
Ministerial responsibility for the Royal Mint and Departmental Minister for HM Treasury Group;
Working with the Exchequer Secretary on the Finance Bill.

Treasury spokesman in the House of Lords;
Enterprise and productivity, including industrial strategy, better regulation, competition policy, infrastructure, and microeconomic reform;
Corporate finance, including public corporations and public private partnerships;
Assisting the Financial Secretary on financial services and banking policy, including UKFI;
Working with the Financial Secretary to promote the Government’s financial services policies and the competitiveness of the UK;
Asset freezing and financial crime;
Foreign exchange reserves and debt management policy, National Savings and Investment and Debt Management Office.