President of the Board of Trade

United Kingdom; President of the Board of Trade
	Royal Arms as used by Her Majesty's Government
	Incumbent; Elizabeth Truss; since 24 July 2019
	Board of Trade
Style	The Right Honourable; (Formal prefix); President of the Board of Trade
Member of	British Cabinet; Privy Council
Reports to	The Prime Minister
Seat	Westminster, London
Appointer	The British Monarch; on advice of the Prime Minister
Term length	No fixed term

The President of the Board of Trade is head of the Board of Trade. This is a committee of the Privy Council of the United Kingdom, first established as a temporary committee of inquiry in the 17th century, that evolved gradually into a government department with a diverse range of functions.[1] The current holder is Elizabeth Truss, the Secretary of State for International Trade.

History

The idea of a Board of Trade was first translated into action by Oliver Cromwell in 1655 when he appointed his son Richard Cromwell to head a body of Lords of the Privy Council, judges and merchants to consider measures to promote trade. Charles II established a Council of Trade on 7 November 1660 followed by a Council of Foreign Plantations on 1 December that year. The two were united on 16 September 1672 as the Board of Trade and Plantations.

After the Board was re-established in 1696, there were 15 (and later 16) members of the Board - the 7 (later 8) Great Officers of State, and 8 unofficial members, who did the majority of the work. The senior unofficial member of the board was the President of the Board, commonly known as the First Lord of Trade. The board was abolished on 11 July 1782, but a Committee of the Privy Council was established on 5 March 1784 for the same purposes. On 23 August 1786 a new Committee was set up, more strongly focused on commercial functions than the previous boards of trade. At first the President of the Board of Trade only occasionally sat in the Cabinet, but from the early 19th century it was usually a cabinet-level position.

List of Presidents of the Board of Trade

First Lord of Trade (1672–1782)

	Took office	Left office
The Earl of Shaftesbury	16 September 1672	1676
The Earl of Bridgewater	16 December 1695	9 June 1699
The Earl of Stamford	9 June 1699	19 June 1702[2]
The Viscount Weymouth	19 June 1702	1705
The Earl of Stamford	1705	12 June 1711
The Earl of Winchilsea	12 June 1711	15 September 1713
The Lord Guilford	15 September 1713	September 1714
The Lord Berkeley of Stratton	September 1714	12 May 1715
The Earl of Suffolk	12 May 1715	31 January 1718
The Earl of Holderness	31 January 1718	11 May 1719
The Earl of Westmorland	11 May 1719	May 1735
The Earl Fitzwalter	May 1735	June 1737
The Lord Monson	June 1737	1 November 1748
The Earl of Halifax	1 November 1748	21 March 1761
The Lord Sandys	21 March 1761	1 March 1763
Hon. Charles Townshend	1 March 1763	20 April 1763
The Earl of Shelburne	20 April 1763	9 September 1763
The Earl of Hillsborough	9 September 1763	20 July 1765
The Earl of Dartmouth	20 July 1765	16 August 1766
The Earl of Hillsborough	16 August 1766	December 1766
The Viscount Clare	19 January 1767	20 January 1768
The Earl of Hillsborough	20 January 1768	31 August 1772
The Earl of Dartmouth	31 August 1772	10 November 1775
Lord George Sackville-Germain	10 November 1775	6 November 1779
The Earl of Carlisle	6 November 1779	9 December 1780
The Lord Grantham	9 December 1780	11 July 1782

President of the Committee on Trade and Foreign Plantations (1784–1786)

Name		Portrait	Took office	Left office	Political party	Prime Minister
	The Lord Sydney		5 March 1784	23 August 1786	Whig		William Pitt the Younger

President of the Board of Trade (1786–1900)

	Took office	Left office1866	Political party
The Earl of Liverpool	23 August 1786	7 June 1804	Tory	William Pitt the Younger
The Earl of Liverpool	23 August 1786	7 June 1804	Tory	Henry Addington
The Duke of Montrose	7 June 1804	5 February 1806	Tory	William Pitt the Younger
The Lord Auckland	5 February 1806	31 March 1807		The Lord Grenville (Ministry of All the Talents)
The Earl Bathurst	31 March 1807	29 September 1812	Tory	The Duke of Portland
				Spencer Perceval
				The Earl of Liverpool
The Earl of Clancarty	29 September 1812	24 January 1818	Tory
F. J. Robinson	24 January 1818	21 February 1823	Tory
William Huskisson	21 February 1823	4 September 1827	Tory
William Huskisson	21 February 1823	4 September 1827	Tory	George Canning
Charles Grant	4 September 1827	11 June 1828	Tory	The Viscount Goderich
Charles Grant	4 September 1827	11 June 1828	Tory	The Duke of Wellington
William Vesey-FitzGerald	11 June 1828	2 February 1830	Tory
John Charles Herries	2 February 1830	22 November 1830	Tory
The Lord Auckland	22 November 1830	5 June 1834	Whig	The Earl Grey
The Lord Auckland	22 November 1830	5 June 1834	Whig	The Viscount Melbourne
Charles Poulett Thomson	5 June 1834	14 November 1834	Whig	The Viscount Melbourne
Alexander Baring	15 December 1834	8 April 1835	Tory	The Duke of Wellington
Alexander Baring	15 December 1834	8 April 1835	Tory	Sir Robert Peel
Charles Poulett Thomson	8 April 1835	29 August 1839	Whig	The Viscount Melbourne
Henry Labouchere	29 August 1839	30 August 1841	Whig	The Viscount Melbourne
The Earl of Ripon	3 September 1841	15 May 1843	Conservative	Sir Robert Peel
William Ewart Gladstone	15 May 1843	5 February 1845	Conservative
The Earl of Dalhousie	5 February 1845	27 June 1846	Conservative
The Earl of Clarendon	6 July 1846	22 July 1847	Whig	Lord John Russell
Henry Labouchere	22 July 1847	21 February 1852	Whig	Lord John Russell
J. W. Henley	27 February 1852	17 December 1852	Conservative	The Earl of Derby
Edward Cardwell	28 December 1852	31 March 1855	Peelite	The Earl of Aberdeen (Coalition)
The Lord Stanley of Alderley	31 March 1855	21 February 1858	Whig	The Viscount Palmerston
J. W. Henley	26 February 1858	3 March 1859	Conservative	The Earl of Derby
The Earl of Donoughmore	3 March 1859	11 June 1859	Conservative	The Earl of Derby
Thomas Milner Gibson	6 July 1859	26 June 1866	Liberal	The Viscount Palmerston
Thomas Milner Gibson	6 July 1859	26 June 1866	Liberal	The Earl Russell
Sir Stafford Northcote, Bt	6 July 1866	8 March 1867	Conservative	The Earl of Derby
The Duke of Richmond	8 March 1867	1 December 1868	Conservative	The Earl of Derby
The Duke of Richmond	8 March 1867	1 December 1868	Conservative	Benjamin Disraeli
John Bright	9 December 1868	14 January 1871	Liberal	William Ewart Gladstone
Chichester Parkinson-Fortescue	14 January 1871	17 February 1874	Liberal	William Ewart Gladstone
Sir Charles Adderley	21 February 1874	4 April 1878	Conservative	Benjamin Disraeli
Viscount Sandon	4 April 1878	21 April 1880	Conservative	Benjamin Disraeli
Joseph Chamberlain	3 May 1880	9 June 1885	Liberal	William Ewart Gladstone
The Duke of Richmond	24 June 1885	19 August 1885	Conservative	The Marquess of Salisbury
Edward Stanhope	19 August 1885	28 January 1886	Conservative	The Marquess of Salisbury
A. J. Mundella	17 February 1886	20 July 1886	Liberal	William Ewart Gladstone
The Lord Stanley of Preston	3 August 1886	21 February 1888	Conservative	The Marquess of Salisbury
Sir Michael Hicks Beach, Bt	21 February 1888	11 August 1892	Conservative	The Marquess of Salisbury
A. J. Mundella	18 August 1892	28 May 1894	Liberal	William Ewart Gladstone
James Bryce	28 May 1894	21 June 1895	Liberal	The Earl of Rosebery
Charles Ritchie	29 June 1895	7 November 1900	Conservative	The Marquess of Salisbury

President of the Board of Trade (1900–1963)

	Took office	Left office	Political party
Gerald Balfour	7 November 1900	12 March 1905	Conservative	The 3rd Marquess of Salisbury
Gerald Balfour	7 November 1900	12 March 1905	Conservative	Arthur Balfour
The Marquess of Salisbury	12 March 1905	4 December 1905	Conservative	Arthur Balfour
David Lloyd George	10 December 1905	12 April 1908	Liberal	Sir Henry Campbell-Bannerman
Winston Churchill	12 April 1908	14 February 1910	Liberal	H. H. Asquith
Sydney Buxton	14 February 1910	11 February 1914	Liberal
John Burns	11 February 1914	5 August 1914	Liberal
Walter Runciman	5 August 1914	5 December 1916	Liberal
Sir Albert Stanley	10 December 1916	26 May 1919	Conservative	David Lloyd George (Coalition)
Sir Auckland Geddes	26 May 1919	19 March 1920	Conservative
Sir Robert Horne	19 March 1920	1 April 1921	Conservative
Stanley Baldwin	1 April 1921	19 October 1922	Conservative
Sir Philip Lloyd-Greame	24 October 1922	22 January 1924	Conservative	Bonar Law
Sir Philip Lloyd-Greame	24 October 1922	22 January 1924	Conservative	Stanley Baldwin
Sidney Webb	22 January 1924	3 November 1924	Labour	Ramsay MacDonald
Sir Philip Cunliffe-Lister	6 November 1924	4 June 1929	Conservative	Stanley Baldwin
William Graham	7 June 1929	24 August 1931	Labour	Ramsay MacDonald
Sir Philip Cunliffe-Lister	25 August 1931	5 November 1931	Conservative	Ramsay MacDonald (1st National Min.)
Walter Runciman	5 November 1931	28 May 1937	Liberal National	Ramsay MacDonald (2nd National Min.)
Walter Runciman	5 November 1931	28 May 1937	Liberal National	Stanley Baldwin (3rd National Min.)
Oliver Stanley	28 May 1937	5 January 1940	Conservative	Neville Chamberlain (4th National Min.; War Coalition)
Sir Andrew Duncan	5 January 1940	3 October 1940	No party	Neville Chamberlain (4th National Min.; War Coalition)
Oliver Lyttelton	3 October 1940	29 June 1941	Conservative	Winston Churchill (War Coalition)
Sir Andrew Duncan	29 June 1941	4 February 1942	No party
John Jestyn Llewellin	4 February 1942	22 February 1942	Conservative
Hugh Dalton	22 February 1942	23 May 1945	Labour
Oliver Lyttelton	25 May 1945	26 July 1945	Conservative	Winston Churchill (Caretaker Min.)
Sir Stafford Cripps	27 July 1945	29 September 1947	Labour	Clement Attlee
Harold Wilson	29 September 1947	23 April 1951	Labour
Sir Hartley Shawcross	24 April 1951	26 October 1951	Labour
Peter Thorneycroft	30 October 1951	13 January 1957	Conservative	Sir Winston Churchill
Peter Thorneycroft	30 October 1951	13 January 1957	Conservative	Sir Anthony Eden
Sir David Eccles	13 January 1957	14 October 1959	Conservative	Harold Macmillan
Reginald Maudling	14 October 1959	9 October 1961	Conservative
Frederick Erroll	9 October 1961	20 October 1963	Conservative

President of the Board of Trade (1963–present)

Name		Took office	Left office	Political party
President of the Board of Trade & Secretary of State for Industry, Trade and Regional Development				Conservative	Alec Douglas-Home
	Edward Heath	20 October 1963	16 October 1964	Conservative	Alec Douglas-Home
President of the Board of Trade				Labour	Harold Wilson
	Douglas Jay	18 October 1964	29 August 1967
	Anthony Crosland	29 August 1967	6 October 1969
	Roy Mason	6 October 1969	19 June 1970
	Michael Noble	20 June 1970	15 October 1970	Conservative	Edward Heath
President of the Board of Trade & Secretary of State for Trade and Industry
	John Davies	15 October 1970	5 November 1972
	Peter Walker	5 November 1972	4 March 1974
President of the Board of Trade & Secretary of State for Trade				Labour	Harold Wilson
	Peter Shore	5 March 1974	8 April 1976	Labour	Harold Wilson
	Edmund Dell	8 April 1976	11 November 1978	Labour	James Callaghan
	John Smith	11 November 1978	4 May 1979	Labour	James Callaghan
	John Nott	5 May 1979	5 January 1981	Conservative	Margaret Thatcher
	John Biffen	5 January 1981	6 April 1982
	The Lord Cockfield	6 April 1982	12 June 1983
President of the Board of Trade & Secretary of State for Trade and Industry
	Cecil Parkinson	12 June 1983	11 October 1983
	Norman Tebbit	16 October 1983	2 September 1985
	Leon Brittan	2 September 1985	22 January 1986
	Paul Channon	24 January 1986	13 June 1987
	The Lord Young of Graffham	13 June 1987	24 July 1989
	Nicholas Ridley	24 July 1989	13 July 1990
	Peter Lilley	14 July 1990	10 April 1992
	Peter Lilley	14 July 1990	10 April 1992	Conservative	John Major
	Michael Heseltine	10 April 1992	5 July 1995
	Ian Lang	5 July 1995	2 May 1997
	Margaret Beckett	2 May 1997	27 July 1998	Labour	Tony Blair
	Peter Mandelson	27 July 1998	23 December 1998
	Stephen Byers	23 December 1998	8 June 2001
	Patricia Hewitt	8 June 2001	6 May 2005
	Alan Johnson	6 May 2005	5 May 2006
	Alistair Darling	5 May 2006	27 June 2007
President of the Board of Trade & Secretary of State for Business, Enterprise and Regulatory Reform				Labour	Gordon Brown
	John Hutton	28 June 2007	3 October 2008
	The Lord Mandelson	3 October 2008	5 June 2009
President of the Board of Trade & Secretary of State for Business, Innovation and Skills
	The Lord Mandelson	5 June 2009	12 May 2010
	Vince Cable	12 May 2010	8 May 2015	Liberal Democrats	David Cameron (Coalition)
	Sajid Javid	11 May 2015	15 July 2016	Conservative	David Cameron (II)
President of the Board of Trade & Secretary of State for Business, Energy and Industrial Strategy				Conservative	Theresa May
	Greg Clark[lower-greek 1]	15 July 2016	19 July 2016
President of the Board of Trade & Secretary of State for International Trade
	Liam Fox	19 July 2016	24 July 2019[6]
	Liz Truss	24 July 2019	Incumbent	Conservative	Boris Johnson

Notes

Appointed by the Privy Council in error for 4 days before the mistake was rectified.[3][4][5]

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References

Olson, Alison G. "The Board of Trade and Colonial Virginia". Encyclopedia Virginia. Retrieved 9 March 2015.
Office-Holders in Modern Britain: Volume 3, Officials of the Boards of Trade 1660-1870 - Council of trade and plantations 1696-1782
May, Callum (22 July 2016). "Minister Greg Clark was briefly given wrong job". BBC News. Retrieved 22 July 2016.
Tilbrook, Richard (15 July 2016). "Business Transacted and Orders Approved at the Privy Council Held by the Queen at Buckingham Palace on 15th July 2016" (PDF). Privy Council Office. Retrieved 22 July 2016.
Tilbrook, Richard (19 July 2016). "Business Transacted and Orders Approved at the Privy Council Held by the Queen at Buckingham Palace on 19th July 2016" (PDF). Privy Council Office. Retrieved 22 July 2016.
Liam Fox [@LiamFox] (24 July 2019). "Sadly, I will be leaving the Government. It has been a privilege to have served as Secretary of State for International Trade these past 3 years" (Tweet) – via Twitter.

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[6] Appointed by the Privy Council in error for 4 days before the mistake was rectified.[3][4][5]

[1] Olson, Alison G. "The Board of Trade and Colonial Virginia". Encyclopedia Virginia. Retrieved 9 March 2015.

[2] Office-Holders in Modern Britain: Volume 3, Officials of the Boards of Trade 1660-1870 - Council of trade and plantations 1696-1782

[3] May, Callum (22 July 2016). "Minister Greg Clark was briefly given wrong job". BBC News. Retrieved 22 July 2016.

[4] Tilbrook, Richard (15 July 2016). "Business Transacted and Orders Approved at the Privy Council Held by the Queen at Buckingham Palace on 15th July 2016" (PDF). Privy Council Office. Retrieved 22 July 2016.

[5] Tilbrook, Richard (19 July 2016). "Business Transacted and Orders Approved at the Privy Council Held by the Queen at Buckingham Palace on 19th July 2016" (PDF). Privy Council Office. Retrieved 22 July 2016.

['Twitter-7] Liam Fox [@LiamFox] (24 July 2019). "Sadly, I will be leaving the Government. It has been a privilege to have served as Secretary of State for International Trade these past 3 years" (Tweet) – via Twitter.

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