HM Treasury
HM Treasury is the department responsible for formulating and putting into effect the UK Government's financial and economic policy. The Treasury's overall aim is to raise the rate of sustainable growth, and achieve rising prosperity, through creating economic and employment opportunities for all.
Contact information
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Address: 1 Horseguards Road, London, SW1A 2HQ
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Website: www.hm-treasury.gov.uk [External website]
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Telephone: 020 7270 5000
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Generic Email format: firstname.lastname@hm-treasury.gsi.gov.uk
Parliamentary Branch
Correspondence and Enquiry Unit
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Ministers
Alistair Darling
Chancellor of the Exchequer: The Rt Hon Alistair Darling MP
Leads on:
- The Chancellor has overall responsibility for the work of the Treasury.
Private Office to Alistair Darling
Yvette Cooper
Chief Secretary to the Treasury: The Rt Hon Yvette Cooper MP
Leads on:
- Responsibility for public expenditure including Spending reviews and strategic planning; In-year control; Public sector pay and pensions; Efficiency and value for money in public services; Capital investment; Public service delivery and performance
- Treasury interest in devolution
- Assist the Chancellor where necessary on International and European issues
- Oversight of integration of the tax and benefit system
Private Office to Yvette Cooper
Jane Kennedy
Financial Secretary: The Rt Hon Jane Kennedy MP
Leads on:
- Strategic oversight of the UK tax system as a whole including direct, indirect, business and personal taxation; Tax credits and integration of the tax and benefit system
- Departmental Minister for HM Revenue and Customs and the Valuation Office Agency
- Overall responsibility for the Finance Bill
- Lead Minister on European and international tax issues and assist where necessary on broader European issues
- The voluntary sector, charities, including Corporate Social Responsibility
- Treasury interest in childcare issues
- Support to the Chief Secretary on public spending issues and selected Cabinet Committees.
Private Office to Jane Kennedy
Angela Eagle
Exchequer Secretary: Angela Eagle MP
Leads on:
- Enterprise and productivity including small business taxation and support to the Chancellor on economic reform
- Competition and better regulation
- Science, innovation and skills policy, including implementation of the 10-year science and innovation strategy and the R&D tax credit
- Regional economic policy
- Urban regeneration and social exclusion including housing, planning and planning gain supplement
- Environmental issues including incentives for low-carbon technologies and energy efficiency, international Climate Change issues including global carbon trading and EU ETS, and energy issues including renewables
- Environmental taxes including taxation of transport, CCL, landfill tax and aggregates levy.
- Taxation of oil
- Excise duties and gambling, including excise fraud and law enforcement
- Public/Private Partnerships including Private Finance Initiative, and Partnerships UK
- Ministerial responsibility for the Office for National Statistics (until 1 April 2008), the Royal Mint and Departmental Minister for HM Treasury Group
- Working with the Chief Secretary with responsibility for the Office of Government Commerce and procurement policy
- Support to the Chief Secretary on public spending issues selected Cabinet Committees
- Assist where necessary on European issues
- Working with the Financial Secretary on the Finance Bill
Private Office to Angela Eagle
Kitty Ussher
Economic Secretary: Kitty Ussher MP
Leads on:
- Financial services policy including: city competitiveness, wholesale and retail markets in the UK, Europe and internationally, financial crime, financial inclusion and capability the Financial Services Authority and the Treasury’s responsibility for mutual legislation
- Financial services tax issues including taxation of savings and pensions
- Personal savings policy
- Stamp duty land tax and REITs
- Foreign exchange reserves and debt management policy, with responsibility for National Savings and Investment, the Debt Management Office and the Government Actuaries Department
- Support to the Chancellor on EU and wider international finance issues, in particular EU Budget
- EMU preparations
- Support to the Chief Secretary on public spending issues and selected Cabinet Committees
- Support to the Chancellor on macroeconomic and economic policy issues
- Working with the Financial Secretary on the Finance Bill
Private Office to Kitty Ussher
Liam Byrne
Minister of State (Borders and Immigration) and Minister for the West Midlands: Liam Byrne MP
Leads on:
- Responsible for the operational delivery of the United Kingdom Border Agency revenue protection functions, reporting to the Chancellor on its performance.
Please see Liam Byrne's additional responsibilities as Minister of State (Borders and Immigration) Home Office and Minister for the West Midlands
Private Office to Liam Byrne
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Private Office
Private Office Alistair Darling
Private Office to Yvette Cooper
Private Office to Jane Kennedy
Private Office to Angela Eagle
Private Office to Kitty Ussher
Private Office to Liam Byrne
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Executive Agencies
National Savings and Investments
National Savings and Investments (NS&I) is a Government Department and became an Executive Agency of the Chancellor of the Exchequer in 1996. As part of the Government's debt management arrangements, NS&I is responsible for providing cost-effective financing by issuing and selling savings and investment products to the public.
NS&I is one of the largest savings organisations in the UK, with £78 billion of investors' money at the end of February 2007 (representing 15% of the National Debt and 8.7% of the cash based deposit market) and annual cash flows in excess of £20 billion.
Its mission is to help reduce the cost to the taxpayer of Government borrowing now and in the future. To achieve this, its single strategic objective is to provide retail funding for Government that is cost-effective in relation to funds raised on the wholesale market.
OGC Buying Solutions
The OGC Buying Solutions offers a complete advisory and procurement arrangement service to purchasing professionals working for central government, the wider public sector and their private sector agents and contractors
Royal Mint
The Royal Mint is responsible for the production of coins for the United Kingdom and for overseas customers; also military and civil decorations and medals; commemorative medals and royal and official seals.
UK Debt Management Office
The UK Debt Management Office (DMO) was established as an Executive Agency of the Treasury on 1 April 1998. The DMO's aim is to carry out the Government's debt management policy of minimising its financing costs over the long term, taking account of risk, and to manage the aggregate cash needs of the Exchequer in the most cost-effective way. The DMO took over full responsibility for management of the Exchequer's daily cash flow on 3 April 2000; this involves issuing Treasury bills, buying and selling securities in the money markets to ensure that the National Loans Fund is balanced on a daily basis and to secure cost-effective short-term asset or liability management.
Valuation Office
The Valuation Office Agency (VOA) is an executive agency of HM Revenue & Customs (HMRC) with 85 offices spread throughout England, Wales and Scotland employing around 4,300 people. The VOA provides a range of statutory and non-statutory property valuation services to the public sector in England, Wales and Scotland, including the compilation and maintenance of the business rating and council tax valuation lists for England and Wales.
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