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 first Junior Secretary to the Treasury is recorded as Thomas Harley who was appointed on 11 June 1711.

While the exact date this change occurred is disputed it is agreed that by 1830 the distinction was complete.

In May 2010 as part of the ministerial reorganisation by the First Cameron ministry, the Financial Secretary was given the additional semi-official title of City Minister.

Notable former Financial Secretaries to the Treasury include Lord Frederick Cavendish, Austen Chamberlain, Stanley Baldwin, Enoch Powell, Nigel Lawson, and Norman Lamont.