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.
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—Mary E. Wilkins Freeman (18521930)
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—Michel de Montaigne (15331592)
“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.”
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