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:
“Just as men must give up economic control when their wives share the responsibility for the familys financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care.”
—Augustus Y. Napier (20th century)
“O, the difference of man and man!
To thee a womans services are due.”
—William Shakespeare (15641616)
“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 (18571930)
“In my opinion it is harmful to place important things in the hands of philanthropy, which in Russia is marked by a chance character. Nor should important matters depend on leftovers, which are never there. I would prefer that the government treasury take care of it.”
—Anton Pavlovich Chekhov (18601904)