Treasury written question – answered at on 16 September 2025.
Mark Garnier
Shadow Economic Secretary (Treasury)
To ask the Chancellor of the exchequer, whether it will be a formal requirement for the Digital Markets Champion to have a strong proficiency in (a) blockchain and (b) digital assets.
Lucy Rigby
The Economic Secretary to the Treasury
On July 15th the government published the Wholesale Financial Markets Digital Strategy. The strategy announced that the government will appointing an industry expert as Digital Markets Champion, who will provide leadership from, and for, the sector on wholesale market digitalisation. The government is working at pace to identify and appoint a suitable candidate for the role and will provide an update in due course.
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
