HM Treasury

HM Treasury is the government’s economic and finance ministry, maintaining control over public spending, setting the direction of the UK’s economic policy and working to achieve strong and sustainable economic growth.

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Secretary of State

Rt Hon Rishi Sunak MP
Chancellor of the Exchequer

Ministers of State
Rt Hon Stephen Barclay MP - Chief Secretary to the Treasury
Rt Hon Penny Mordaunt MP - Paymaster General
Jesse Norman MP - Financial Secretary (HM Treasury)
John Glen MP - Minister of State (Treasury) (City)
Lord Agnew of Oulton - Minister of State (HM Treasury)
Parliamentary Under-Secretaries of State
Mrs Kemi Badenoch MP - Exchequer Secretary (HM Treasury)
John Glen MP - Economic Secretary (HM Treasury)

Latest News (from Department Twitter Feed)

24 Oct 2020, 11 a.m.
#InCaseYouMissedIt, here are the top stories from HM Treasury this week. - Link
23 Oct 2020, 6:25 p.m.
The Chancellor @RishiSunak held discussions with industry leaders from the hospitality sector on Thursday about the challenging months ahead and the measures needed to ensure as many businesses and jobs are protected as possible. #PlanForJobs - Link
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HM Treasury Commons Appearances

Oral Answers to Questions is a regularly scheduled appearance where the Secretary of State and junior minister will answer at the Dispatch Box questions from backbench MPs

Other Commons Chamber appearances can be:
  • Urgent Questions where the Speaker has selected a question to which a Minister must reply that day
  • Adjornment Debates a 30 minute debate attended by a Minister that concludes the day in Parliament.
  • Oral Statements informing the Commons of a significant development, where backbench MP's can then question the Minister making the statement.

Westminster Hall debates are performed in response to backbench MPs or e-petitions asking for a Minister to address a detailed issue

Written Statements are made when a current event is not sufficiently significant to require an Oral Statement, but the House is required to be informed.

Most Recent Commons Appearances by Category
Date Type Title
Oct. 20 Oral Questions Oral Answers to Questions
Oct. 13 Urgent Questions Public Health Restrictions: Government Economic Support
Oct. 14 Westminster Hall Productivity: Rural Areas
Mar. 18 Adjournment Debate Future of Farming: Somerset
View All HM Treasury Commons Contibutions

HM Treasury - Bills and Acts in the Current Session

Title Last Event Next Event Date Last Updated
Supply and Appropriation (Anticipation and Adjustments) Act 2020 Royal Assent (Minutes of Proceedings) 16 March, 2020 2 Apr 2020, 5:46 p.m.
A Bill to authorise the use of resources for the years ending with 31 March 2020 and 31 March 2021; to authorise the issue of sums out of the Consolidated Fund for those years; and to appropriate the supply authorised by this Act for the year ending with 31 March 2020.
Finance Act 2020 Royal Assent (Minutes of Proceedings) 22 July, 2020 28 Jul 2020, 12:22 p.m.
A Bill to grant certain duties, to alter other duties, and to amend the law relating to the national debt and the public revenue, and to make further provision in connection with finance.
Contingencies Fund Act 2020 Committee negatived (Minutes of Proceedings): House of Lords 25 March, 2020 26 Mar 2020, 9:43 a.m.
A Bill to make provision increasing the maximum capital of the Contingencies Fund for a temporary period.
Supply and Appropriation (Main Estimates) Act 2020 Royal Assent (Minutes of Proceedings) 22 July, 2020 27 Jul 2020, 11:56 a.m.
Stamp Duty Land Tax (Temporary Relief) Act 2020 Royal Assent (Minutes of Proceedings) 22 July, 2020 27 Jul 2020, 11:57 a.m.
A Bill to make provision to reduce for a temporary period the amount of stamp duty land tax chargeable on the acquisition of residential property.
Financial Services Bill 2019-21 1st reading: House of Commons (no debate) 2nd reading: House of Commons

9 Nov 2020

23 Oct 2020, 11:53 a.m.
A Bill to make provision about financial services and markets; to make provision about debt respite schemes; to make provision about Help-to-Save accounts; and for connected purposes.

HM Treasury - Draft Secondary Legislation

Dates Department Title
14 Oct 2019, 4:09 p.m.
HM Treasury The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2019
This Order abolishes the office of the Public Works Loan Commissioners (the “Commissioners”) who together were known as the Public Works Loans Board.

HM Treasury - Laid Secondary Legislation

Petitions addressed by HM Treasury

Current Signatures Final Signatures Title Petition Deadline
Petition Closed

Pay Up Now! – Scrap the pay cap and give public servants a meaningful pay rise

Gov Responded - 9 Oct 2017 Debated on - 4 Dec 2017
12 Mar 2018
closed 2 years, 7 months ago

Every single person who works in public services needs and deserve a pay rise. It’s time for the pay cap to be scrapped, for the government to provide additional funding for public sector pay and for employers to put public sector workers pay up now.

Petition Closed

Keep Childcare Vouchers open beyond April 2018

Gov Responded - 12 Oct 2017 Debated on - 15 Jan 2018
18 Mar 2018
closed 2 years, 7 months ago

Hundreds of thousands of parents will lose out under the new tax-free childcare. The voucher schemes should be kept open alongside tax-free childcare to give parents a genuine choice for the support that best suits their family.

Petition Closed

Extend grants immediately to small businesses outside of SBRR

Gov Responded - 29 May 2020 Debated on - 25 Jun 2020
8 Oct 2020
closed 2 weeks, 3 days ago

The cash grants proposed by Government are only for businesses in receipt of the Small Business Rates Relief or Rural Relief, or for particular sectors. Many small businesses fall outside these reliefs desperately need cash grants and support now.

View All HM Treasury Petitions

HM Treasury Select Committee

HM Treasury Select Committee Home Page

Select Committees are a formally established cross-party group of backbench MPs tasked with holding a Government department to account.

At any time there will be number of ongoing investigations into the work of the Department, or issues which fall within the oversight of the Department. Witnesses can be summoned from within the Government and outside to assist in these inquiries, and the Select Committee will occasionally publish formal reports of their findings.

Closed Inquiries
Spring Budget 2020 Economic Crime Regional Imbalances in the UK economy The Work of the Debt Management Office Appointment of Richard Hughes as Chair of the Office for Budget Responsibility Reappointment of Professor Silvana Tenreyro to the Monetary Policy Committee Reappointment of Andy Haldane to the Monetary Policy Committee Appointment of Jonathan Hall to the Financial Policy Committee Appointment of Nikhil Rathi as Chief Executive of the Financial Conduct Authority Infrastructure Bank of England Monetary Policy Reports Appointment of Andrew Bailey as Governor of the Bank of England Access to Cash Review Bank of England Financial Stability Reports Bank of England Inflation Reports Consumers’ Access to Financial Services Decarbonisation of the UK Economy and Green Finance Economic Crime The effectiveness of gender pay gap reporting HMRC Annual Report and Accounts inquiry Tax enquiries and resolution of tax disputes IT failures in the financial services sector Appointment of Dame Colette Bowe to the Financial Policy Committee Re-appointment of Professor Anil Kashyap to the Financial Policy Committee Work of the Financial Services Compensation Scheme Spending Round 2019 The impact of Business Rates on business Work of the Court of the Bank of England Independent Review of the Co-Operative Bank Regional Imbalances in the UK Economy Re-appointment of Michael Saunders to the Monetary Policy Committee Re-appointment of Ben Broadbent as Deputy Governor for Monetary Policy, Bank of England Maxwellisation RBS's Global Restructuring Group and its treatment of SMEs SME Finance Spring Statement 2019 The future of the UK’s financial services HM Treasury Annual Report and Accounts Service Disruption at TSB The UK's economic relationship with the European Union VAT The work of the Bank of England The work of the Chancellor of the Exchequer The work of the Financial Conduct Authority The Work of the Treasury The work of the Prudential Regulation Authority

HM Treasury Publications

HM Treasury Written Questions

Written Questions are submitted by Members of Parliament and the House of Lords to receive information or updates from a Department.

Departments are required to respond in a timely fashion and provide a response or requested information. Written Questions can compel detailed and specific information to be produced, and are frequently used as the source of news stories about the work of a Department.

Latest Written Question
Date Title Questioner
23 Oct 2020, 12:43 p.m. Holly Mumby-Croft (Conservative - Scunthorpe) Holly Mumby-Croft (Conservative - Scunthorpe)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what support is available for small businesses owners instructed to self-isolate on numerous and separate occasions to prevent the spread of covid-19.

Answered by Kemi Badenoch - Exchequer Secretary (HM Treasury)

The Government recognises that the necessary restrictions to protect public health have been disruptive for small business owners. Small business owners may be eligible for new style Employment and Support Allowance (ESA) if they are incapable of work, required to self-isolate according to Government guidance and have made sufficient national insurance contributions. We have made it easier for people to claim this support by removing the seven-day waiting period, meaning people can get support from day one.

Small business owners are also able to claim back from the Government the costs of up to two weeks of Covid-19 Statutory Sick Pay per employee, if their business has fewer than 250 employees. This rebate will pay for any Covid-19 related SSP, including if the owner is themself employed by the company and has to self-isolate.

Small business owners who are self-employed have also benefitted from the Self-Employment Income Support Scheme (SEISS) Grant Extension. Through this scheme, self-employed individuals will be able to claim two grants, the first of which will cover the start of November until the end of January, and the second of which will cover the start of February until the end of April. On 22 October, the Chancellor announced that we would be doubling the value of the grant for November to January from 20% to 40% of three-month trading profits. This will mean the maximum grant will increase from £1,875 to £3,750.

These measures are in addition to the Government’s unprecedented package of support available for individuals and businesses, worth over £190bn. This includes measures to support businesses who are legally required to close, such as the expanded Jobs Support Scheme and a more generous Local Restrictions Support Grant.

As we head into the Winter, the Government is continuing to collect evidence on the impact of the pandemic. This will of course inform our efforts to support small business owners going forward.

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