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
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Responsibility for public expenditure including:
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Spending reviews and strategic planning;
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In-year control;
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Public sector pay and pensions;
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Efficiency and value for money in public services
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Capital investment; and
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Public service delivery and performance.
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- Treasury interest in devolution;
- Assist the Chancellor where necessary on International and European issues; and
- Oversight of integration of the tax and benefit system.
Financial Secretary to the Treasury: Rt Hon Jane Kennedy 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;
- Departmental Minister for HM Revenue and Customs and the Valuation Office Agency;
- Overall responsibility for the Finance Bill;
- Lead Minister on European and international tax issues and assist where necessary on broader European issues;
- The voluntary sector, charities, including Corporate Social Responsibility;
- Treasury interest in childcare issues; and
- Support to the Chief Secretary on public spending issues and selected Cabinet Committees.
Exchequer Secretary to the Treasury: Angela Eagle MP
- Enterprise and productivity including small business taxation and support to the Chancellor 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;
- Working with the Chief Secretary with responsibility for the Office of Government Commerce and procurement policy;
- Support to the Chief Secretary 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; and
- Working with the Financial Secretary on the Finance Bill.
Economic Secretary to the Treasury: Kitty Ussher MP
- Financial services policy including: city competitiveness, wholesale and retail markets in the UK, Europe and internationally, financial crime, financial inclusion and capability the Financial Services Authority and the Treasury's responsibility for mutual legislation.
- Financial services tax issues including taxation of savings and pensions;
- Personal savings policy;
- Stamp duty land tax and REITs;
- Foreign exchange reserves and debt management policy, with responsibility for National Savings and Investment, the Debt Management Office and the Government Actuaries Department;
- Support to the Chancellor on EU and wider international finance issues, in particular EU Budget;
- EMU preparations;
- Support to the Chief Secretary on public spending issues including long-term challenges for public spending and preparation of the Comprehensive Spending Review and selected Cabinet Committees;
- Support to the Chancellor on macroeconomic and economic policy issues; and
- Working with the Financial Secretary on the Finance Bill.
Minister of State with responsibility for revenue protection at the border: Liam Byrne MP
- 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; and
- Liam Byrne will work closely with his Treasury ministerial colleagues to shape effective operational policy, based on the UKBA's experience of implementation