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:

  • Supporting the Chancellor on the Growth Mission, specifically:

  • People: leading on the Treasury鈥檚 input to skills and workforce policy, including labour market, skills and migration

  • Place: leading on the Treasury鈥檚 input to regional growth, including cities and devolution and growth elements of housing and planning

  • Net Zero: leading on the Treasury鈥檚 input to the clean energy mission, including Great British Energy, decarbonisation, and green industries

  • Industrial Strategy and Trade: leading on the Treasury鈥檚 input to the 聽industrial strategy, trade strategy and EU opportunities

  • Innovation: including leading on the Treasury鈥檚 input to R&D, AI, digital economy and diffusion

  • Supporting the Chancellor on reforms to the UK鈥檚 Public Financial Institutions, including driving growth via the National Wealth Fund and British Business Bank

  • Supporting the Chancellor on economic security and resilience

  • Economic and business regulation and competition

  • Leading on the Treasury鈥檚 interest in welfare policy

  • Leading on the Treasury鈥檚 interest in inward and foreign direct investment (non-FS)

  • Business engagement (non-FS)

  • The Crown Estate聽

  • 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

More about this role

HM Treasury