Reducing the power of the Treasury is a good idea
Don’t break it up. But do give departments more freedom
The conservative party has been in office for 12 years. Its likely next leader knows where blame lies for sluggish economic growth: Liz Truss criticises the “economic orthodoxy” of Her Majesty’s Treasury. That suits Ms Truss tactically: her rival, Rishi Sunak, is a former chancellor of the exchequer. But others echo the charge. Kemi Badenoch, a former leadership candidate, thinks the Treasury should be broken up, with responsibility for economic growth shifted to 10 Downing Street.
This article appeared in the Britain section of the print edition under the headline “Breaking up is hard to do”
Britain August 27th 2022
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- Britain’s government wants to reform power markets
- Reducing the power of the Treasury is a good idea
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- A few bird species are faring amazingly well in Britain
- British parents need more help than ever to afford school uniforms
- Boris Johnson is likely to create many new peers
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