Financial Secretary to the Treasury

Lord Livermore

Biography

Lord Livermore was appointed Financial Secretary to the Treasury on 8 July 2024.

The Financial Secretary to the Treasury (FST) is the Growth Minister and is responsible for:

Supporting the Chancellor on the Growth Mission, specifically:
- People: leading on the Treasury’s input to skills and workforce policy, including labour market, skills and migration
- Place: leading on the Treasury’s input to regional growth, including cities and devolution and growth elements of housing and planning
- Net Zero: leading on the Treasury’s input to the clean energy mission, including Great British Energy, decarbonisation, and green industries
- Industrial Strategy and Trade: leading on the Treasury’s input to the industrial strategy, trade strategy and EU opportunities
- Innovation: including leading on the Treasury’s input to R&D, AI, digital economy and diffusion
Supporting the Chancellor on the National Wealth Fund, including driving growth via the UK Infrastructure Bank, British Business Bank and British Patient Capital
Supporting the Chancellor on economic security and resilience
Economic and business regulation and competition
Leading on the Treasury’s interest in inward and foreign direct investment (non-FS)
Business engagement (non-FS)
The Crown Estate
Departmental minister for HM Treasury Group (including responsibility for the Darlington campus)
Leading on procurement and commercial strategy, including improving the efficiency and effectiveness of procurement
Treasury business in the House of Lords