Secretary of State for Business and Trade

United Kingdom
Secretary of State for Business and Trade
since 5 July 2024
Department for Business and Trade
Style
StatusSecretary of State
Minister of the Crown
Member ofCabinet
Privy Council
Board of Trade
Reports toThe Prime Minister
AppointerThe Monarch
(on the advice of the Prime Minister)
Formation
  • 20 October 1963:
    (as Secretary of State for Industry, Trade and Regional Development)
  • 7 February 2023:
    (as Secretary of State for Business and Trade)
First holderEdward Heath
(as Secretary of State for Industry, Trade and Regional Development)
Salary£159,038 per annum (2022)[1]
(including £86,584 MP salary)[2]
WebsiteDepartment for Business and Trade

The secretary of state for business and trade (business secretary), is a secretary of state in the Government of the United Kingdom, with responsibility for the Department for Business and Trade. The incumbent is a member of the Cabinet of the United Kingdom.

The incumbent business secretary is Jonathan Reynolds who was appointed by Keir Starmer on 5 July 2024.[3] The Secretary of State is shadowed by the Shadow Secretary of State for Business and Trade, currently Kevin Hollinrake since 2024.

  1. ^ "Salaries of Members of His Majesty's Government – Financial Year 2022–23" (PDF). 15 December 2022.
  2. ^ "Pay and expenses for MPs". parliament.uk. Retrieved 15 December 2022.
  3. ^ "Politics news - latest: New Tory party chair confirmed - as Rishi Sunak announces changes to top team". Sky News. Retrieved 7 February 2023.

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