Cabinet Secretary for Finance, Economy and Fair Work

Cabinet Secretary for Finance, Economy and Fair Work
Incumbent
Derek Mackay MSP
since 18 May 2016
Style Cabinet Secretary
Finance Secretary (within Scotland)
Scottish Finance Secretary (outwith Scotland)
Appointer First Minister
Inaugural holder Jack McConnell
Minister for Finance
Formation July 1999
Website www.gov.scot

The Cabinet Secretary for Finance, Economy and Fair Work, commonly referred to as the Finance Secretary, is a member of the Cabinet in the Scottish Government. The Cabinet Secretary has Ministerial responsibility for the Scottish Government's Finance Directorates. The current Cabinet Secretary is Derek Mackay.

History

Following devolution in 1999, the Government of First Minister Donald Dewar instituted the position as the Minister for Finance, which was renamed the Minister for Finance and Local Government in the Government of Henry McLeish from 2000 to 2001. In the first Government of Jack McConnell, from 2001 to 2003, the position was renamed as the Minister for Finance and Public Services, changed to the Minister for Finance and Public Service Reform after a reshuffle of the Second McConnell government in 2004. The first Government of Alex Salmond in 2007 combined the Minister for Finance element, with that of Enterprise and Transport to create the Cabinet Secretary for Finance and Sustainable Growth. After the 2011 election the position was named Cabinet Secretary for Finance, Employment and Sustainable Growth and the transport portfolio was moved under the remit of another Cabinet position. In November 2014, the first Sturgeon government renamed the position to Cabinet Secretary for Finance, Constitution and Economy, and in 2016 it was again renamed to Cabinet Secretary for Finance and the Constitution. It was further renamed to Finance, Economy and Fair Work in June 2018, taking some additional responsibilities from the position of Cabinet Secretary for Economy, Jobs and Fair Work which was abolished, but losing some constitutional responsibilities to the Cabinet Secretary for Government Business and Constitutional Relations.[1]

Overview

Responsibilities

The responsibilities of the Cabinet Secretary for Finance, Economy and Fair Work:

Scottish economy, inclusive growth, managing the public finances, fiscal policy and taxation, Scottish budget, budgetary monitoring and reporting, Government procurement, efficient government, National Performance Framework, public bodies policy, Scottish Futures Trust, Scottish Enterprise - national enterprise agency, trade and inward investment, trade unions, public sector pay, Scottish National Investment Bank, Registers of Scotland, digital economy and digital public services, public sector pensions, Innovation and increasing productivity, internationalisation and European Structural Funds, financial services, life sciences, low carbon economy, business, industry and manufacturing, employment policy, labour market strategy, the living wage and fair work, employability programmes, youth employment (including implementation of the Wood Commission recommendations), women's employment, Bankruptcy and Accountant in Bankruptcy (Scottish government agency), Regional Economic Forums, PACE, Consumer Protection.[1]

Public bodies

The following public bodies report to the Cabinet Secretary for Finance, Economy and Fair Work:

List of Office holders

Name Portrait Entered Office Left Office Party First Minister
Jack McConnell 19 May 1999 26 October 2000 Scottish Labour Party Donald Dewar
Angus Mackay 26 October 2000 22 November 2001 Scottish Labour Party Henry McLeish
Andy Kerr 22 November 2001 4 October 2004 Scottish Labour Party Jack McConnell
Tom McCabe 4 October 2004 16 May 2007 Scottish Labour Party Jack McConnell
John Swinney 17 May 2007 19 May 2011 Scottish National Party Alex Salmond
John Swinney 19 May 2011 21 November 2014 Scottish National Party Alex Salmond
John Swinney 21 November 2014 18 May 2016 Scottish National Party Nicola Sturgeon
Derek Mackay 18 May 2016 26 June 2018 Scottish National Party Nicola Sturgeon
Derek Mackay 26 June 2018 Incumbent Scottish National Party Nicola Sturgeon

See also

References

  1. 1 2 "New Cabinet appointed". Scottish Government. 2018-06-26. Retrieved 2018-06-27.
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