City Minister is a ministerial position in His Majesty's Treasury. The minister is responsible for the British financial services sector, which is commonly known as "the City". Since 2014, the position is commonly held concurrently with Economic Secretary to the Treasury.
History The term "City Minister" was first used as a nickname for the position of Financial Services Secretary to the Treasury which was created by Gordon Brown upon coming to office in October 2008. The only person to have held the office was Lord Myners, who served from October 2008 to May 2010.
In May 2010 as part of the ministerial reorganisation by the Cameron 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 of Financial Secretary to the Treasury, held at the time by Mark Hoban.
Following the promotion of Sajid Javid to Secretary 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 the Economic Secretary to the Treasury.
Following the 2017 snap general election, City Minister Simon Kirby lost his seat and was succeeded by Steve Barclay.
Following Liz Truss becoming Prime Minister, although Richard 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.
List of officeholders Colour key (for political parties):
City Minister Term of office Political party Prime Minister Chancellor Paul Myners, Baron Myners 3 October 2008 13 May 2010 Labour Brown Darling Mark Hoban 13 May 2010 4 September 2012 Conservative Cameron Osborne Greg Clark 4 September 2012 7 October 2013 Conservative Sajid Javid 7 October 2013 9 April 2014 Conservative Andrea Leadsom 9 April 2014 11 May 2015 Conservative Cameron Osborne Harriett Baldwin 11 May 2015 16 July 2016 Conservative Cameron Simon Kirby 16 July 2016 8 June 2017 Conservative May Hammond Steve Barclay 14 June 2017 9 January 2018 Conservative John Glen 9 January 2018 6 July 2022 Conservative Johnson Javid Sunak Richard Fuller 8 July 2022 6 September 2022 ConservativeZahawi Andrew Griffith 7 September 2022 27 October 2022 Conservative Truss Kwarteng Hunt Andrew Griffith 27 October 2022 13 November 2023 Conservative SunakHunt Bim Afolami 13 November 2023 5 July 2024 Conservative Tulip Siddiq9 July 202414 January 2025LabourStarmerReeves Emma Reynolds14 January 20255 September 2025Labour Lucy Rigby6 September 202514 May 2026Labour Rachel Blake14 May 202620 July 2026Labour Lucy Rigby21 July 2026IncumbentLabourBurnhamHealey
References