The Commercial Secretary to the Treasury, or City Minister, is a United Kingdom Government minister in HM Treasury who ranks as a Parliamentary Under-Secretary of State. The position has a wide range of duties related to business, and the financial sector in particular. The first holder of the office was Lord Sasson. He was replaced in January 2013 by Lord Deighton.
The office replaced the Financial Services Secretary in May 2010 as part of the ministerial reorganisation by the Cameron Government. It handled just the financial-services portion of the brief. The only person to have held the office was Lord Myners, who served from October 2008 to May 2010.
Famous quotes containing the words financial, services, secretary and/or treasury:
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)
“True love ennobles and dignifies the material labors of life; and homely services rendered for love’s sake have in them a poetry that is immortal.”
—Harriet Beecher Stowe (1811–1896)
“The truth is, the whole administration under Roosevelt was demoralized by the system of dealing directly with subordinates. It was obviated in the State Department and the War Department under [Secretary of State Elihu] Root and me [Taft was the Secretary of War], because we simply ignored the interference and went on as we chose.... The subordinates gained nothing by his assumption of authority, but it was not so in the other departments.”
—William Howard Taft (1857–1930)
“I was duped ... by the Secretary of the treasury [Alexander Hamilton], and made a fool for forwarding his schemes, not then sufficiently understood by me; and of all the errors of my political life, this has occasioned the deepest regret.”
—Thomas Jefferson (1743–1826)