City Minister

City Minister
Arms of Her Majesty's Government
Incumbent Simon Kirby MP[1] since 16 July 2016
HM Treasury
Appointer	The British Monarch on advice of the Prime Minister
Inaugural holder	The Lord Myners
Formation	3 October 2008[2]
Website	HM Treasury

The position of City Minister is a United Kingdom Government minister in HM Treasury. The minister is responsible for the British financial services sector which is commonly known as 'the City'. The incumbent minister is Simon Kirby who was appointed in July 2016.^[1]

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.^[3] The only person to have held the office was Lord Myners, who served from October 2008 to May 2010.^[4][5]

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.

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.^[6]

List of office holders

Colour key (for political parties):
  Conservative   Labour

Name		Portrait	Term of office		Political party	Prime Minister		Chancellor
As Financial Services Secretary to the Treasury							Brown	Darling
	Lord Myners		3 October 2008	13 May 2010	Labour
As Financial Secretary to the Treasury							Cameron (Coalition)	Osborne
	Mark Hoban		13 May 2010	4 September 2012	Conservative
	Greg Clark		4 September 2012	7 October 2013	Conservative
	Sajid Javid		7 October 2013	9 April 2014	Conservative
As Economic Secretary to the Treasury
	Andrea Leadsom		9 April 2014	11 May 2015	Conservative
	Harriett Baldwin		11 May 2015	16 July 2016	Conservative		Cameron (II)
	Simon Kirby		16 July 2016	Incumbent	Conservative		May	Hammond

References

1. Simon Kirby MP, HM Government, retrieved 4 August 2016
2. House of Commons, Treasury Committee. Banking Crisis: Reforming Corporate Governance and Pay in the City, Ninth Report of Session 2008–09. p. 42.
3. "City minister Myners seeks review of how investment banking has 'permeated' society". The Daily Telegraph). 25 January 2010. Retrieved 20 May 2010.
4. "Paul Myners CBE - Financial Services Secretary to the Treasury". HM Treasury. Retrieved 12 May 2010.
5. "Speech by the Financial Services Secretary to the Treasury, Paul Myners to the Association of Foreign Banks". HM Treasury official website (archived by The National Archives). 11 June 2009. Retrieved 20 May 2010.
6. Andrea Leadsom MP appointed new City Minister for HMT, Tech UK, 10 April 2014, retrieved 4 August 2016