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.
Secretary of State
Rishi Sunak
Chancellor of the Exchequer
Ministers of State
Steve Barclay - Chief Secretary to the TreasuryPenny Mordaunt - Paymaster General
Jesse Norman - Financial Secretary (HM Treasury)
John Glen - Minister of State (Treasury) (City)
Lord Agnew of Oulton - Minister of State (HM Treasury)
Parliamentary Under-Secretaries of State
Kemi Badenoch - Exchequer Secretary (HM Treasury)John Glen - Economic Secretary (HM Treasury)
Information Resources: HM Treasury annual report and accounts 2019 to 2020 -
Latest News (from Department Twitter Feed)
- 8 Apr 2021, 3 p.m.
- Leader of @techuk, Jacqueline de Rojas CBE (@JdR_Tech) explains how apprenticeships can help the UK build a competitive advantage in the technology sector. Watch the full conversation right here: https://t.co/AemxNtVOub #PlanForJobs https://t.co/NwQSxyw0rr - Link
- 8 Apr 2021, noon
- "Every Job is a technology job" - Jacqueline de Rojas CBE (@JdR_Tech) & Chancellor @RishiSunak talk about the importance of technology in our #PlanForJobs. Watch the full conversation right here: https://t.co/AemxNtVOub https://t.co/Wgu1H6GeZq - 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 |
|---|---|---|
| Mar. 09 | Oral Questions | Oral Answers to Questions |
| Mar. 01 | Urgent Questions | Covid-19: Ethnic Minority Disparities |
| Apr. 14 | Written Statements | Mortgage Guarantee Scheme: Notification of Contingent Liability |
| Mar. 22 | Westminster Hall | Scottish Independence Referendum |
| Mar. 16 | Adjournment Debate | Scotland Act 1998: Scottish Civil Service |
HM Treasury - Bills and Acts in the Current Session
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.
This Bill received Royal Assent on Monday 16th March 2020 and was enacted into law.
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.
This Bill received Royal Assent on Wednesday 22nd July 2020 and was enacted into law.
A Bill to make provision increasing the maximum capital of the Contingencies Fund for a temporary period.
This Bill received Royal Assent on Wednesday 25th March 2020 and was enacted into law.
This Bill received Royal Assent on Wednesday 22nd July 2020 and was enacted into law.
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.
This Bill received Royal Assent on Wednesday 22nd July 2020 and was enacted into law.
A Bill to make provision (including the imposition and regulation of new duties of customs) in connection with goods in Northern Ireland and their movement into or out of Northern Ireland; to make provision amending certain enactments relating to value added tax, excise duty or insurance premium tax; to make provision in connection with the recovery of unlawful state aid in relation to controlled foreign companies; and for connected purposes.
This Bill received Royal Assent on Thursday 17th December 2020 and was enacted into law.
A Bill to make provision for payments to or in respect of Ministers and holders of Opposition offices on maternity leave.
This Bill received Royal Assent on Monday 1st March 2021 and was enacted into law.
A Bill to make provision increasing the maximum capital of the Contingencies Fund for a temporary period.
This Bill received Royal Assent on Monday 15th March 2021 and was enacted into law.
A Bill to authorise the use of resources for the years ending with 31 March 2019, 31 March 2020, 31 March 2021 and 31 March 2022; to authorise the issue of sums out of the Consolidated Fund for the years ending 31 March 2020, 31 March 2021 and 31 March 2022; and to appropriate the supply authorised by this Act for the years ending with 31 March 2019, 31 March 2020 and 31 March 2021.
This Bill received Royal Assent on Monday 15th March 2021 and was enacted into law.
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.
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.
Monday 19th April 2021
HM Treasury - Draft Secondary Legislation
| Dates | Department | Title | |
|---|---|---|---|
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Published 18 Jan 2021, 2:13 p.m. |
HM Treasury | The Tax Credits, Child Benefit and Guardian’s Allowance Up-rating Regulations 2021 | |
| These Regulations amend the Working Tax Credit (Entitlement and Maximum Rate) Regulations 2002 (S.I. 2002/2005); the Child Tax Credit Regulations 2002 (S.I. 2002/2007); the Tax Credits (Income Thresholds and Determination of Rates) Regulations 2002 (S.I. 2002/2008); the Child Benefit (Rates) Regulations 2006 (S.I. 2006/965); the Social Security Contributions and Benefits Act 1992 (c. 4); and the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7). | |||
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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 |
|---|---|---|---|
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Laid 14 Apr 2021 In Force 28 May 2021 |
HM Treasury |
Solvency 2 (Credit Risk Adjustment) Regulations 2021 Parliamentary Status - Text of Legislation |
Made negative procedure |
| These Regulations amend Article 45 of the Commission Delegated Regulation (EU) No. 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency 2) (“the Commission Delegated Regulation”). | |||
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Laid 25 Mar 2021 In Force 26 Mar 2021 |
HM Treasury |
Money Laundering and Terrorist Financing (Amendment) (High-Risk Countries) Regulations 2021 Parliamentary Status - Text of Legislation |
Made affirmative procedure |
| These Regulations amend the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (S.I. 2017/692) (“the MLRs”) to insert as Schedule 3ZA a new UK list of high-risk third countries for the purposes of enhanced customer due diligence requirements. | |||
Petitions addressed by HM Treasury
| Current Signatures | Final Signatures | Title | Petition Deadline |
|---|---|---|---|
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151,126 Petition Closed |
Extend the Stamp Duty Holiday for an additional 6 months after 31st March 2021 Gov Responded - 10 Dec 2020 |
1 Apr 2021 closed 2 weeks, 2 days ago |
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Extending the Stamp Duty Holiday for an additional 6 months will assist many buyers who are looking to move to a property that they will not be able to afford otherwise. |
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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 3 years, 1 month ago |
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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. |
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146,351 Petition Closed |
Give all key workers a 100% tax and Nat. Ins. holiday through COVID-19 crisis Gov Responded - 27 Apr 2020 Debated on - 14 Dec 2020 |
1 Oct 2020 closed 6 months, 2 weeks ago |
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The government is helping private firms to protect jobs by paying up to 80% of staff wages through this crisis. If it can do this why can it not help key workers who will be putting themselves/their families at risk and working extra hard under extremely challenging and unprecedented circumstances. |
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Departmental Select Committee
Treasury Committee
Commons 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.
Select Committee findings are reported to the Commons, printed, and published on the Parliament website. The government then usually has 60 days to reply to the committee's recommendations.
10 Members of the Treasury Committee
Treasury Committee Member since 27 Jan 2020
Treasury Committee Member since 2 Mar 2020
Treasury Committee Member since 2 Mar 2020
Treasury Committee Member since 2 Mar 2020
Treasury Committee Member since 2 Mar 2020
Treasury Committee Member since 2 Mar 2020
Treasury Committee Member since 2 Mar 2020
Treasury Committee Member since 2 Mar 2020
Treasury Committee Member since 2 Mar 2020
Treasury Committee Member since 11 May 2020
Treasury Committee: Upcoming Events
<i>At 3.45pm: Oral evidence</i><br/>Gareth Davies - Comptroller and Auditor General at National Audit Office<br/>Darren Stewart - Audit Director at National Audit Office<br/>Andy Morrison - Director, HMRC at National Audit Office<br/>Joshua Reddaway - Director, DWP at National Audit Office<br/>
19 Apr 2021, 3 p.m.
Economic impact of coronavirus
View calendar
Treasury Committee - Oral evidence
<i>At 2.30pm: Oral evidence</i><br/>John Glen MP - Economic Secretary to the Treasury at HM Treasury<br/>Katharine Braddick - Director General for Financial Services at HM Treasury<br/>
21 Apr 2021, 2 p.m.
The Financial Conduct Authority’s Regulation of London Capital & Finance plc
View calendar
Treasury Committee - Private Meeting
24 May 2021, 3 p.m.
View calendar
Treasury Committee: 9 Current Inquiries
Treasury Committee: Previous Inquiries
HM Treasury Publications
Most Recent Publications
| Date | Title | Type |
|---|---|---|
| Apr. 16 | The mortgage guarantee scheme | Policy paper |
| Apr. 15 | Finance Bill 2021: Committee of the Whole House | Policy paper |
| Apr. 13 | Report under section 2 of the Loans to Ireland Act 2010: 1 October 2020 to 31 March 2021 | Transparency |
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 |
|---|---|---|
| 15 Apr 2021, midnight | Cash Dispensing: Coventry | Colleen Fletcher (Labour - Coventry North East) |
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Question to the HM Treasury: To ask the Chancellor of the Exchequer, what estimate he has made of the number of free-to-use ATMs that have closed in (a) Coventry North East constituency and (b) Coventry in each of the last five years; and what assessment he has made of the effect of such closures on levels of financial exclusion in those areas. Answered by John Glen - Economic Secretary (HM Treasury) The Government recognises that access to cash remains important for many individuals and businesses across the UK. It has committed to legislate to protect access to cash and ensure that the UK’s cash infrastructure is sustainable for the long term.
To progress this work, the Government published a Call for Evidence on Access to Cash in October 2020. The Call for Evidence sought views on the key considerations associated with cash access, including deposit and withdrawal facilities, cash acceptance, and regulatory oversight of the cash system. The Government is considering responses to the Call for Evidence and will set out next steps in due course.
The Government also created the Joint Authorities Cash Strategy Group in 2019, which has provided a forum for the public bodies to formally co-ordinate respective approaches to access to cash. This is chaired by HM Treasury and attended by the Bank of England, Payment Systems Regulator (PSR) and Financial Conduct Authority (FCA). The Group published an update on the actions of the Group’s members in July 2020. This included work led by the PSR and FCA to develop a comprehensive picture of cash access infrastructure across the UK.
With regards to ATMs, LINK (the scheme that runs the UK’s largest ATM network) publishes the total of free-to-use ATMs across the UK online. As of March 2021, they reported that there were around 41,000 free-to-use ATMs in the UK – this reflects ATMs that may have been located in premises closed in response to the COVID-19 pandemic. LINK’s Monthly ATM Footprint Report also publishes information monthly on the break down by constituency.
LINK has existing arrangements in place to protect free-to-use ATMs that do not have another free-to-use ATM or Post Office within one kilometre. LINK’s members have also made £5 million available to fund ATMs at the request of communities with poor access to cash. The PSR has powers to regulate LINK and is holding it to account over its commitment to protect the broad geographic spread of free-to-use ATMs.
The Government also continues to be fully supportive of the Post Office Banking Framework Agreement. The agreement allows 95% of business and 99% of personal banking customers to carry out their everyday banking at 11,500 Post Office branches in the UK.
The Government is deeply committed to ensuring that individuals, regardless of their background or income, have access to useful and affordable financial products and services, including banking, payment services, credit, insurance, use of financial technology. To promote financial inclusion, the Government works closely together with regulators and stakeholders from the public, private and third sectors.
The Government reports annually on progress on financial inclusion. HMT published the latest Financial Inclusion Report, covering the period 2019-20, in November 2020. This can be found online at gov.uk https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/935985/Financial_Inclusion_Report_2020.pdf |
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