Abstract
In light of Lord Kerslake’s independent review, ‘Rethinking the Treasury’, and with the looming Spring Budget one day away, Professor Dave Richards considers where next for the Treasury.
The review advocates a return to the Treasury’s core functions of controlling and co-ordinating public finance and overseeing the macro-economy
Now is the time to break from the rigid, hierarchical and functional approach associated with the Whitehall model
Brexit requires a joined-up strategy across Whitehall, based on flexibility, innovation and project management that cuts across departmental turf boundaries
The Treasury has resisted fiscal devolution, retaining central control to the detriment of a more pluralised, responsive and devolved model of governance
Brexit could act as a catalyst for a change towards a Treasury that is more open, transparent and public facing
The review advocates a return to the Treasury’s core functions of controlling and co-ordinating public finance and overseeing the macro-economy
Now is the time to break from the rigid, hierarchical and functional approach associated with the Whitehall model
Brexit requires a joined-up strategy across Whitehall, based on flexibility, innovation and project management that cuts across departmental turf boundaries
The Treasury has resisted fiscal devolution, retaining central control to the detriment of a more pluralised, responsive and devolved model of governance
Brexit could act as a catalyst for a change towards a Treasury that is more open, transparent and public facing
| Original language | English |
|---|---|
| Type | Blog on the Treasury |
| Media of output | Policy@Manchester |
| Publisher | policy@manchester |
| Publication status | Published - 7 Mar 2017 |
Keywords
- Treasury
- Whitehall
- Kerslake Review