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.


View sample weekly alert

Secretary of State

Rt Hon Rishi Sunak MP
Chancellor of the Exchequer

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


Latest News (from Department Twitter Feed)

26 Oct 2020, 5:45 p.m.
The Job Support Scheme, which opens later this week, is UK-wide and available to businesses in all sectors – no matter what tier they are in. Read more: https://t.co/ENUztmfa94 https://t.co/Z0tX0dWe3D - Link
24 Oct 2020, 11 a.m.
#InCaseYouMissedIt, here are the top stories from HM Treasury this week. https://t.co/Lb0oEaiRDO - 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
Oct. 20 Oral Questions Oral Answers to Questions
Oct. 13 Urgent Questions Public Health Restrictions: Government Economic Support
Oct. 14 Westminster Hall Productivity: Rural Areas
Mar. 18 Adjournment Debate Future of Farming: Somerset
View All HM Treasury Commons Contibutions

HM Treasury - Bills and Acts in the Current Session

Title Last Event Next Event Date Last Updated
Supply and Appropriation (Anticipation and Adjustments) Act 2020 Royal Assent (Minutes of Proceedings) 16 March, 2020 2 Apr 2020, 5:46 p.m.
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.
Finance Act 2020 Royal Assent (Minutes of Proceedings) 22 July, 2020 28 Jul 2020, 12:22 p.m.
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.
Contingencies Fund Act 2020 Committee negatived (Minutes of Proceedings): House of Lords 25 March, 2020 26 Mar 2020, 9:43 a.m.
A Bill to make provision increasing the maximum capital of the Contingencies Fund for a temporary period.
Supply and Appropriation (Main Estimates) Act 2020 Royal Assent (Minutes of Proceedings) 22 July, 2020 27 Jul 2020, 11:56 a.m.
Stamp Duty Land Tax (Temporary Relief) Act 2020 Royal Assent (Minutes of Proceedings) 22 July, 2020 27 Jul 2020, 11:57 a.m.
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.
Financial Services Bill 2019-21 1st reading: House of Commons (no debate) 2nd reading: House of Commons

9 Nov 2020

23 Oct 2020, 11:53 a.m.
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.

HM Treasury - Draft Secondary Legislation

Dates Department Title
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
15 Oct 2020
In Force
Not stated
HM Treasury Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020
Parliamentary Status - Text of Legislation
Draft affirmative procedure
These Regulations implement Directive (EU) 2019/879 of the European Parliament and of the Council of 20th May 2019 amending Directive 2014/59/EU as regards the loss-absorbing and recapitalisation capacity of credit institutions and investment firms and Directive 98/26/EC (O.J. L150, 7.6.2019, p296).
Laid
15 Oct 2020
In Force
Not stated
HM Treasury Financial Holding Companies (Approval etc.) and Capital Requirements (Capital Buffers and Macro-prudential Measures) (Amendment) (EU Exit) Regulations 2020
Parliamentary Status - Text of Legislation
Draft affirmative procedure
These Regulations implement, in part, Directive (EU) 2019/878 of the European Parliament and of the Council of 20 May 2019 (“CRDV”), amending Directive 2013/36/EU as regards exempted entities, financial holding companies, mixed financial holding companies, remuneration, supervisory measures and powers and capital conservation measures (O.J. L150, 7.6.2019, p.253). Part 2 provides power for the PRA to remove a person from the board of directors of an institution or financial holding company or mixed financial holding company where the person concerned no longer satisfies the requirements for such directors, and inserts a new Part 12B into the Financial Services and Markets Act 2000 (c. 8) introducing a requirement for certain financial holding companies and mixed financial holding companies to be approved.
View All HM Treasury Secondary Legislation

Petitions addressed by HM Treasury

Current Signatures Final Signatures Title Petition Deadline
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 2 years, 7 months 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.

119,587
Petition Closed

Keep Childcare Vouchers open beyond April 2018

Gov Responded - 12 Oct 2017 Debated on - 15 Jan 2018
18 Mar 2018
closed 2 years, 7 months ago

Hundreds of thousands of parents will lose out under the new tax-free childcare. The voucher schemes should be kept open alongside tax-free childcare to give parents a genuine choice for the support that best suits their family.

26,106
Petition Closed

Extend grants immediately to small businesses outside of SBRR

Gov Responded - 29 May 2020 Debated on - 25 Jun 2020
8 Oct 2020
closed 2 weeks, 4 days ago

The cash grants proposed by Government are only for businesses in receipt of the Small Business Rates Relief or Rural Relief, or for particular sectors. Many small businesses fall outside these reliefs desperately need cash grants and support now.

View All HM Treasury Petitions

HM Treasury Select Committee

HM Treasury Select Committee Home Page

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, and the Select Committee will occasionally publish formal reports of their findings.

Closed 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 Bank of England Monetary Policy Reports 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
26 Oct 2020, 2:16 p.m. Scott Mann MP (Conservative - North Cornwall) Scott Mann MP (Conservative - North Cornwall)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps his Department is taking to process imports that are retained in port so as to avoid demurrage charges being imposed on businesses in North Cornwall constituency.

Answered by Jesse Norman - Financial Secretary (HM Treasury)

Demurrage charges are applied to the consignee by the shipping line when a container stays in the port for longer than a set period of time. The period of time is determined by the shipping line, which varies between 5 to 7 days. This is a standard procedure at all ports across the UK.

A reason why the container might be held at the port is if it has been held to be checked by customs. The charges are applied daily, at a rate of £40 to £60 per day. In order to avoid demurrage charges on businesses in the North Cornwall constituency, the Government is minimising delays and ensuring a smooth running of the border port.

View All HM Treasury Written Question