New Treasury ministers

A summary of the new Treasury ministers following July 2016's post-referendum reshuffle.

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.

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