Responsibilities
The Economic Secretary is responsible for matters involving banking and finance, including banks, insurance, personal savings, financial regulation, and foreign exchange reserves. He or she is also involved in taxation as it impacts on these areas, such as tax on savings and pensions, and Insurance Premium Tax. In addition, the Economic Secretary advises on economic policy and works with other treasury ministers on the Comprehensive Spending Review and finance bills.
Read more about this topic: Economic Secretary To The Treasury