| City Minister | |
|---|---|
.svg) Royal Arms as used byHis Majesty's Government | |
 | |
| HM Treasury | |
| Appointer | TheBritish Monarch on advice of thePrime Minister |
| Inaugural holder | The Lord Myners |
| Formation | 3 October 2008[1] |
| Website | HM Treasury |
City Minister is a ministerial post inHis Majesty's Treasury. The minister is responsible for the British financial services sector, which is commonly known as "the City". The post is normally held in combination with another Treasury position, currently theEconomic Secretary to the Treasury.
The term "City Minister" was first used as a nickname for the position ofFinancial Services Secretary to the Treasury which was created byGordon Brown upon coming to office in October 2008.[2] The only person to have held the office wasLord Myners, who served from October 2008 to May 2010.[3][4]
In May 2010 as part of the ministerial reorganisation by theCameron Government the position of Financial Services Secretary to the Treasury was abolished. However, the idea of there being a minister specifically responsible for the City was retained and it was decided that the post would be held concurrently with the position ofFinancial Secretary to the Treasury, held at the time byMark Hoban.
Following the promotion ofSajid Javid toSecretary of State for Culture, Media and Sport in April 2014 the portfolio of City Minister was moved from the Financial Secretary to the Treasury to theEconomic Secretary to the Treasury.[5]
Following the2017 snap general election, City MinisterSimon Kirby lost his seat and was succeeded bySteve Barclay.
FollowingLiz Truss becomingPrime Minister, althoughRichard Fuller retained his position as Economic Secretary to the Treasury, the City Minister brief was removed from him and returned to the Financial Secretary to the Treasury.[6]
Colour key (for political parties):
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