Financial Secretary to the Treasury
Lord Livermore
Biography
Lord Livermore was appointed Financial Secretary to the Treasury on 8 July 2024.
Financial Secretary to the Treasury
The Financial Secretary to the Treasury (FST) is the Growth Minister and is responsible for:
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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