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Updated13 Jan 10:14am

Is it time to trim the UK Treasury? | Larry Elliott

The Guardian
Harold Wilson was right: we need a separate department for the economy to boost growth The Treasury is the most powerful institution in Whitehall. It is actually a super-ministry combining functions separated in many other countries: management of the economy and control of the public finances. These two functions are not accorded equal weight and never have been. The Treasury has always been primarily a finance ministry that views its main task as ensuring the nation’s budget arithmetic adds up.
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