| Name |
Role |
Responsibilities |
Previous roles |
| Philip Hammond |
Chancellor of the Exchequer |
Overall responsibility |
Transport, Defence and Foreign Secretary |
| David Gauke |
Chief Secretary to the Treasury |
- Public expenditure including
- spending reviews and strategic planning
- in-year spending control
- public sector pay and pensions
- Annually Managed Expenditure (AME) and welfare reform
- efficiency and value for money in public service
- procurement
- capital investment
- infrastructure deals
- Treasury interest in devolution to Scotland, Wales and NI
- EU Budget and wider EU issues, including deputising for the Chancellor at ECOFIN
- Childcare policy, including tax free childcare
- Tax credits
- Labour market policy
|
Trained solicitor, Treasury Secretary since 2010 |
| Jane Ellison |
Financial Secretary |
- Strategic oversight of the UK tax system including direct, indirect, business, property and personal taxation
- Corporate and small business taxation
- European and international tax issues
- Charities, the voluntary sector and gift aid
- Environment and transport taxation, North Sea oil, gas and shipping
- Energy policy and climate change
- Excise (alcohol, tobacco) and gambling duties
- Customs policy
- Personal savings tax and pensions tax policy
- Women in the economy
- HMRC, Valuation Office and the Government Actuary’s Department
- Parliamentary deputy on public spending issues
|
Undersecretary for Public Health |
| Simon Kirby |
Economic Secretary |
- Banking and financial services reform and regulation (at home and in the EU)financial stability
- Financial conduct
- City competitiveness
- Bank lending and access to finance
- Insurance
- Asset management
- RBS, Lloyds and UKFI
- Asset freezing and financial crime
- Retail financial services
- Equitable life
- Foreign exchange reserves and debt management policy, National Savings and Investments and the Debt Management Office
|
Private Secretary in Sports & Tourism and Health |
| Lord O'Neill of Gatley |
Commercial Secretary |
- UK productivity
- City devolution, including Northern Powerhouse
- Infrastructure policy
- Corporate finance, including public corporations, public private partnerships, PFI, and sales of government assets
- Better regulation and competition policy
- Industrial strategy
- Working with the rest of government to promote the UK as a destination for foreign direct investment
- Housing and planning
- The Royal Mint
- Crown Estate and the Royal Household
|
Strong finance background but no previous Government posts. |
