Economic Secretary to the Treasury
The Economic Secretary to the Treasury is a mid-level ministerial post in His Majesty's Treasury.
| United Kingdom Economic Secretary to the Treasury | |
|---|---|
| His Majesty's Treasury | |
| Reports to | First Lord of the Treasury Chancellor of the Exchequer & Second Lord of the Treasury |
| Nominator | Prime Minister |
| Appointer | The King (on the advice of the Prime Minister) |
| Term length | At His Majesty's pleasure |
| Inaugural holder | Douglas Jay |
| Formation | 13 November 1947 |
| Website | Official Website |
It is nominally the sixth most senior ministerial role within the Treasury after the First Lord of the Treasury, the Chancellor of the Exchequer, the Chief Secretary to the Treasury, the Paymaster General, and the Financial Secretary to the Treasury. However, the role of first lord of the treasury is always held by the prime minister who is not a Treasury minister, and the position of Paymaster General is a sinecure often held by the Minister for the Cabinet Office to allow the holder of that office to draw a government salary. In practice it is, therefore, the fourth most senior Treasury minister.
The office is not a cabinet-level post but is currently of Minister of State rank. It is shadowed by the Shadow Economic Secretary to the Treasury.