Financial Secretary to the Treasury in the context of "Nigel Lawson"

Play Trivia Questions online!

 or

Skip to study material about Financial Secretary to the Treasury in the context of "Nigel Lawson"

⭐ Core Definition: Financial Secretary to the Treasury

The financial secretary to the Treasury is a mid-level ministerial post in HM Treasury. It is nominally the fifth most significant ministerial role within the Treasury after the first lord of the Treasury, the chancellor of the Exchequer, the chief secretary to the Treasury, and the paymaster general. However, the role of First Lord of the Treasury is always held by the prime minister who is not a Treasury minister, and the position of Paymaster General is a sinecure often held by the Minister for the Cabinet Office to allow the holder of that office to draw a government salary. In practice it is, therefore, the third most senior Treasury minister and has attended Cabinet in the past.

The current holder of the position is Lord Livermore, who was appointed by Prime Minister Keir Starmer following the Labour Party’s victory in the 2024 General Election. The position is shadowed by the shadow financial secretary to the treasury.

↓ Menu

👉 Financial Secretary to the Treasury in the context of Nigel Lawson

Nigel Lawson, Baron Lawson of Blaby, PC (11 March 1932 – 3 April 2023) was a British politician and journalist. A member of the Conservative Party, he served as Member of Parliament for Blaby in Leicestershire from 1974 to 1992, and served in Margaret Thatcher's Cabinet from 1981 to 1989. Prior to entering the Cabinet, he served as the Financial Secretary to the Treasury from May 1979 until his promotion to Secretary of State for Energy. He was appointed Chancellor of the Exchequer in June 1983 and served until his resignation in October 1989. In both Cabinet posts, Lawson was a key proponent of Thatcher's policies of privatisation of several key industries.

Lawson was a backbencher from 1989 until he retired in 1992 and sat in the House of Lords from 1992 to his further retirement in 2022. He remained active in politics as the president of Conservatives for Britain, a campaign for Britain to leave the European Union, and was a prominent critic of the EU. He also founded the climate change denial think tank the Global Warming Policy Foundation and appointed himself chairman, and was an active supporter of Vote Leave.

↓ Explore More Topics
In this Dossier

Financial Secretary to the Treasury in the context of Stanley Baldwin

Stanley Baldwin, 1st Earl Baldwin of Bewdley (3 August 1867 – 14 December 1947), was a British statesman and Conservative politician who was prominent in the political leadership of the United Kingdom between the world wars. He was prime minister on three occasions, from May 1923 to January 1924, from November 1924 to June 1929 and from June 1935 to May 1937.

Born to a prosperous family in Bewdley, Worcestershire, Baldwin was educated at Hawtreys, Harrow School and Trinity College, Cambridge. He joined the family iron- and steel-making business and entered the House of Commons in 1908 as the member for Bewdley, succeeding his father Alfred. He was Financial Secretary to the Treasury (1917–1921) and President of the Board of Trade (1921–1922) in the coalition ministry of David Lloyd George and then rose rapidly. In 1922, Baldwin was one of the prime movers in the withdrawal of Conservative support from Lloyd George; he subsequently became Chancellor of the Exchequer in Bonar Law's Conservative ministry. Upon Law's resignation for health reasons in May 1923, Baldwin became prime minister and leader of the Conservative Party. He called an election in December 1923 on the issue of tariffs and lost the Conservatives' parliamentary majority, after which Ramsay MacDonald formed a minority Labour government.

↑ Return to Menu
LINKED FROM (PARENTS)
← Stanley Baldwin ← Nigel Lawson
LINKS TO (CHILDREN)
HM Treasury → First lord of the Treasury → Chancellor of the Exchequer → Chief secretary to the Treasury → Paymaster general → Minister for the Cabinet Office → Cabinet (government) → Spencer Livermore, Baron Livermore → Keir Starmer → Shadow Financial Secretary to the Treasury →