Ministerial responsibilities

Chancellor of the Exchequer: Rt Hon Alistair Darling MP

Responsibility for public expenditure including:
- Spending reviews and strategic planning;
- In-year and medium-term control of departmental expenditure limits (DEL) and annually managed expenditure (AME);
- Public sector pay and pensions;
- Capital investment; and
- Public service reform, delivery and performance
Efficiency and value for money in public services, including the Public Value Programme, procurement and the Office of Government Commerce, and public asset management
Treasury interest in devolution and regional policy
Equitable Life
Assist the Chancellor where necessary on a wide range of economic, International and European issues.

Strategic oversight of the UK tax system as a whole including direct, indirect, business and personal taxation
Tax credits and integration of the tax and benefit system, including welfare reform and child poverty
Departmental Minister for HM Revenue and Customs
Lead Minister on European and international tax issues
Overall responsibility for the Finance Bill
Assist the Chancellor on European and International issues.

Personal savings and pensions policy
Financial inclusion and capability, consumer affairs, equality, mutuals and credit unions
Urban regeneration and social exclusion including housing, planning and stamp duty land tax
Environmental issues including taxation of transport, international Climate Change issues including global carbon trading and EU ETS, and Energy Issues including taxation of oil
Excise duties and gambling, including excise fraud and customs enforcement
Ministerial responsibility for the Royal Mint and Departmental Minister for HM Treasury Group
Assisting the Financial Services Secretary on financial services policy, including Parliamentary business
Asset freezing and financial crime
Equitable Life
Working with the Financial Secretary on the Finance Bill

Growth, enterprise and productivity including small business taxation, better regulation and support to the Chancellor on economic reform
Competition, science, innovation and skills policy
Industrial activism, including oversight of industrial and business support
Regional Economic Policy
The voluntary sector, charities, including Corporate Social Responsibility
EU Budget
Public/Private Partnerships including Private Finance Initiative, and Partnerships UK and working with the Chief Secretary on wider procurement policy
Working with the Financial Secretary on the Finance Bill
Government Actuaries Department and Valuation Office Agency.

Financial services policy including financial stability, city competitiveness, wholesale and retail markets in the UK, Europe and internationally and the Financial Services Authority (FSA)
Assist the Chancellor of the Exchequer in all business of the Tripartite Authorties (HM Treasury, Bank of England, FSA)
Banking support, including responsibility for the Asset Protection Scheme, Recapitalisation Fund and other schemes, lending agreements and responsibility for UK Financial Investments (UKFI)
Foreign exchange reserves and debt management policy, National Savings and Investment and Debt Management Office.

Responsible for the operational delivery of the UK Border Agency's (UKBA) revenue protection functions
Delivery of targets covering revenue protection and the examination of goods at the frontier.

[1] Joint with Department for Business, Investment and Skills, where Mr Timms is the Minister responsible for Digital Britain

[2] Jointly with the Home Office