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

Rishi Sunak
Chancellor of the Exchequer

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


Latest News (from Department Twitter Feed)

8 Apr 2021, 3 p.m.
Leader of @techuk, Jacqueline de Rojas CBE (@JdR_Tech) explains how apprenticeships can help the UK build a competitive advantage in the technology sector. Watch the full conversation right here: https://t.co/AemxNtVOub #PlanForJobs https://t.co/NwQSxyw0rr - Link
8 Apr 2021, noon
"Every Job is a technology job" - Jacqueline de Rojas CBE (@JdR_Tech) & Chancellor @RishiSunak talk about the importance of technology in our #PlanForJobs. Watch the full conversation right here: https://t.co/AemxNtVOub https://t.co/Wgu1H6GeZq - Link
View All HM Treasury Tweets

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
Mar. 09 Oral Questions Oral Answers to Questions
Mar. 01 Urgent Questions Covid-19: Ethnic Minority Disparities
Apr. 14 Written Statements Mortgage Guarantee Scheme: Notification of Contingent Liability
Mar. 22 Westminster Hall Scottish Independence Referendum
Mar. 16 Adjournment Debate Scotland Act 1998: Scottish Civil Service
View All HM Treasury Commons Contibutions

HM Treasury - Bills and Acts in the Current Session

Introduced: 2nd March 2020

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.

This Bill received Royal Assent on Monday 16th March 2020 and was enacted into law.

Introduced: 17th March 2020

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.

This Bill received Royal Assent on Wednesday 22nd July 2020 and was enacted into law.

Introduced: 24th March 2020

A Bill to make provision increasing the maximum capital of the Contingencies Fund for a temporary period.

This Bill received Royal Assent on Wednesday 25th March 2020 and was enacted into law.

Introduced: 9th July 2020

This Bill received Royal Assent on Wednesday 22nd July 2020 and was enacted into law.

Introduced: 13th July 2020

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.

This Bill received Royal Assent on Wednesday 22nd July 2020 and was enacted into law.

Introduced: 8th December 2020

A Bill to make provision (including the imposition and regulation of new duties of customs) in connection with goods in Northern Ireland and their movement into or out of Northern Ireland; to make provision amending certain enactments relating to value added tax, excise duty or insurance premium tax; to make provision in connection with the recovery of unlawful state aid in relation to controlled foreign companies; and for connected purposes.

This Bill received Royal Assent on Thursday 17th December 2020 and was enacted into law.

Introduced: 4th February 2021

A Bill to make provision for payments to or in respect of Ministers and holders of Opposition offices on maternity leave.

This Bill received Royal Assent on Monday 1st March 2021 and was enacted into law.

Introduced: 9th March 2021

A Bill to make provision increasing the maximum capital of the Contingencies Fund for a temporary period.

This Bill received Royal Assent on Monday 15th March 2021 and was enacted into law.

Introduced: 10th March 2021

A Bill to authorise the use of resources for the years ending with 31 March 2019, 31 March 2020, 31 March 2021 and 31 March 2022; to authorise the issue of sums out of the Consolidated Fund for the years ending 31 March 2020, 31 March 2021 and 31 March 2022; and to appropriate the supply authorised by this Act for the years ending with 31 March 2019, 31 March 2020 and 31 March 2021.

This Bill received Royal Assent on Monday 15th March 2021 and was enacted into law.

Introduced: 21st October 2020

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.


Last Event - Lords
Wednesday 10th March 2021
(Read Debate)
Introduced: 9th March 2021

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.


Last Event - 2nd Reading (Commons)
Tuesday 13th April 2021
(Read Debate)
Next Event - Committee Stage (Commons)
Monday 19th April 2021

HM Treasury - Draft Secondary Legislation

Dates Department Title
Published
18 Jan 2021, 2:13 p.m.
HM Treasury The Tax Credits, Child Benefit and Guardian’s Allowance Up-rating Regulations 2021
These Regulations amend the Working Tax Credit (Entitlement and Maximum Rate) Regulations 2002 (S.I. 2002/2005); the Child Tax Credit Regulations 2002 (S.I. 2002/2007); the Tax Credits (Income Thresholds and Determination of Rates) Regulations 2002 (S.I. 2002/2008); the Child Benefit (Rates) Regulations 2006 (S.I. 2006/965); the Social Security Contributions and Benefits Act 1992 (c. 4); and the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7).
Published
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

Dates Department Title Type
Laid
14 Apr 2021
In Force
28 May 2021
HM Treasury Solvency 2 (Credit Risk Adjustment) Regulations 2021
Parliamentary Status - Text of Legislation
Made negative procedure
These Regulations amend Article 45 of the Commission Delegated Regulation (EU) No. 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency 2) (“the Commission Delegated Regulation”).
Laid
25 Mar 2021
In Force
26 Mar 2021
HM Treasury Money Laundering and Terrorist Financing (Amendment) (High-Risk Countries) Regulations 2021
Parliamentary Status - Text of Legislation
Made affirmative procedure
These Regulations amend the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (S.I. 2017/692) (“the MLRs”) to insert as Schedule 3ZA a new UK list of high-risk third countries for the purposes of enhanced customer due diligence requirements.
View All HM Treasury Secondary Legislation

Petitions addressed by HM Treasury

Current Signatures Final Signatures Title Petition Deadline
151,126
Petition Closed

Extend the Stamp Duty Holiday for an additional 6 months after 31st March 2021

Gov Responded - 10 Dec 2020
1 Apr 2021
closed 2 weeks ago

Extending the Stamp Duty Holiday for an additional 6 months will assist many buyers who are looking to move to a property that they will not be able to afford otherwise.
This will help to stabilise the housing market

149,138
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 3 years, 1 month 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.

146,351
Petition Closed

Give all key workers a 100% tax and Nat. Ins. holiday through COVID-19 crisis

Gov Responded - 27 Apr 2020 Debated on - 14 Dec 2020
1 Oct 2020
closed 6 months, 2 weeks ago

The government is helping private firms to protect jobs by paying up to 80% of staff wages through this crisis. If it can do this why can it not help key workers who will be putting themselves/their families at risk and working extra hard under extremely challenging and unprecedented circumstances.

View All HM Treasury Petitions

Departmental Select Committee

Treasury Committee

Commons 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.

Select Committee findings are reported to the Commons, printed, and published on the Parliament website. The government then usually has 60 days to reply to the committee's recommendations.


10 Members of the Treasury Committee
Mel Stride Portrait
Mel Stride (Conservative - Central Devon)
Treasury Committee Member since 27 Jan 2020
Rushanara Ali Portrait
Rushanara Ali (Labour - Bethnal Green and Bow)
Treasury Committee Member since 2 Mar 2020
Steve Baker Portrait
Steve Baker (Conservative - Wycombe)
Treasury Committee Member since 2 Mar 2020
Harriett Baldwin Portrait
Harriett Baldwin (Conservative - West Worcestershire)
Treasury Committee Member since 2 Mar 2020
Anthony Browne Portrait
Anthony Browne (Conservative - South Cambridgeshire)
Treasury Committee Member since 2 Mar 2020
Felicity Buchan Portrait
Felicity Buchan (Conservative - Kensington)
Treasury Committee Member since 2 Mar 2020
Angela Eagle Portrait
Angela Eagle (Labour - Wallasey)
Treasury Committee Member since 2 Mar 2020
Julie Marson Portrait
Julie Marson (Conservative - Hertford and Stortford)
Treasury Committee Member since 2 Mar 2020
Alison Thewliss Portrait
Alison Thewliss (Scottish National Party - Glasgow Central)
Treasury Committee Member since 2 Mar 2020
Siobhain McDonagh Portrait
Siobhain McDonagh (Labour - Mitcham and Morden)
Treasury Committee Member since 11 May 2020
Treasury Committee: Upcoming Events
Treasury Committee - Oral evidence
<i>At 3.30pm: Oral evidence</i><br/>Gareth Davies - Comptroller and Auditor General at National Audit Office<br/>Darren Stewart - Audit Director at National Audit Office<br/>Andy Morrison - Director, HMRC at National Audit Office<br/>Joshua Reddaway - Director, DWP at National Audit Office<br/>
19 Apr 2021, 3 p.m.
Economic impact of coronavirus
View calendar
Treasury Committee - Oral evidence
<i>At 2.30pm: Oral evidence</i><br/>John Glen MP - Economic Secretary to the Treasury at HM Treasury<br/>Katharine Braddick - Director General for Financial Services at HM Treasury<br/>
21 Apr 2021, 2 p.m.
The Financial Conduct Authority’s Regulation of London Capital & Finance plc
View calendar
Treasury Committee - Private Meeting
24 May 2021, 3 p.m.
View calendar
Treasury Committee: Previous 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 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
15 Apr 2021, midnight Free Ports Bridget Phillipson (Labour - Houghton and Sunderland South)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the UK-EU Trade and Co-operation Agreement, whether the Government’s policy on freeports formed part of the negotiating mandate for the UK negotiators.

Answered by Steve Barclay - Chief Secretary to the Treasury

The UK published its opening mandate in February 2020, this did not reference freeports directly. However, all our red lines on returning sovereignty have been achieved. The most important objective - in all policy areas, not just freeports- is for the UK to have genuine economic and political independence. The Agreement leaves us in full control of our laws and preserves policy space and flexibility, including creating Freeports which when developed will empower regions across the UK to become hubs for international trade and investment.

View All HM Treasury Written Question