Treasury Orthodoxy and the Short Life and Death of the Truss Government

David Richards, Sam Warner, Martin Smith

Research output: Other contribution

Abstract

The short-lived Truss Government’s much maligned September ‘mini’ budget placed Treasury orthodoxy in the spotlight. This often-used term can be ill-defined, resulting in crude caricatures and neglect of what the Treasury does well. Targeting the wrong bits of Treasury orthodoxy can cause more harm than good. David Richards, Martin Smith and Sam Warner offer a structural critique of Treasury orthodoxy that extends beyond Whitehall, drawing on insights from the Nuffield Foundation funded research project Public Expenditure Planning and Control in Complex Times. They argue that an important lesson from the recent budget fiasco and now failed Truss Government approach is that instead of undermining the Treasury’s strengths, meaningful reform should focus on areas of innovative cross-cutting work and the pressing need to devolve more fiscal powers to the local level.
Original languageEnglish
TypeCommentary article
Media of outputPublic Sector Focus
PublisherPublic Sector Focus
Number of pages2
Place of PublicationColourfield Publsihing
Volume42
Publication statusPublished - 25 Oct 2022

Keywords

  • Treasury
  • Trussonomics
  • Whitehall
  • Joined up government

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