HM Treasury

His Majesty's Treasury
Department overview

1 Horse Guards Road in Westminster, London
Formed	Before 1086
Jurisdiction	Government of the United Kingdom
Headquarters	1 Horse Guards Road Westminster, London
Employees	1967 FTE (+114 in DMO)
Annual budget	£279.5 million (current) and £8.3 million (capital) (2021–2022)
Ministers responsible	The Rt Hon. Sir Keir Starmer KCB KC MP, First Lord of the Treasury The Rt Hon. Rachel Reeves MP, Second Lord of the Treasury, Chancellor of the Exchequer The Rt Hon. Darren Jones MP, Chief Secretary to the Treasury
Department executives	James Bowler, Permanent Secretary to the Treasury Beth Russell, Second Permanent Secretary to the Treasury Sam Beckett, Chief Economic Adviser, Head of the Government Economic Service (GES) and Second Permanent Secretary to the Treasury
Child agencies	Government Internal Audit Agency UK Debt Management Office
Website	gov.uk/hm-treasury

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His Majesty's Treasury (HM Treasury or HMT), and informally referred to as the Treasury, is the Government of the United Kingdom’s economic and finance ministry. The Treasury is responsible for public spending, financial services policy, taxation, state infrastructure, and economic growth. It is led by the chancellor of the exchequer, currently Rachel Reeves since 5 July 2024. The Treasury's main offices are located in London and Darlington, with additional offices in Edinburgh and Norwich. It is one of the smallest government departments in terms of staff numbers, but widely considered the most powerful.