Rachel Reeves’ Spending Review headache
When do “efficiency savings” become cuts?
ByTreasury
Britain’s lord of the purse strings
In our new age of fiscal stringency, Gareth Davies will be the man marking the government's homework.
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Liz Truss is right about the Deep State
Among the ridiculous complaints, excuses and conspiracies, the ex-prime minister makes one important point.
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What’s the point of Liz Truss?
In Ten Years to Save the West, Truss has lessons for the Conservative Party. They’re just not the ones she…
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How Labour can free itself from the tyranny of the bond market
The party could save up to £130bn by abandoning the Bank of England’s reckless quantitative tightening.
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Dropping train wi-fi is symbolic of our miserable, pinched country
Why would a Tory Treasury encourage passengers by making services better, when it could save money instead?
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Government contract termination forces private owner to liquidate company… for third time
The outsourced contract for the Treasury’s public enquiries system has been cancelled after just six months.
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HS2 is a symptom of our terminal decline
Jeremy Hunt may claim Britain has a bright, innovative future, but his Treasury cares only about getting things on the…
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Over-50s won’t be bribed back to work with tax breaks
And what about young people facing declining living standards?
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The next financial crisis is brewing in the UK’s corporate debt market
Lax banking regulation has cast a long shadow across the Square Mile.
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How the Treasury quietly runs Britain
A new history of the department shows that, as Liz Truss discovered to her cost, its “abacus economics” has never…
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The sacking of Tom Scholar sets a dangerous precedent
If officials become unwilling to confront ministers with inconvenient truths, worse decisions will be made.
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The left should lead the case for higher defence spending
Faced with fascism in the 1930s, Labour developed a distinct, progressive agenda on defence. It must do the same against…
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How much longer can the government kick the TfL funding can down the road?
Another short-term, last-minute deal will do little to resolve London's key transport issues.
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Labour must stop talking about economic growth
Rather than echoing the Tory promise of kickstarting growth, Labour needs to articulate a new politics of redistribution, focused on…
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“It was as easy as clicking a button”: how the government handed billions to fraudsters
The Bounce Back Loan Scheme was supposed to help small businesses stay afloat during Covid-19, but its rules meant fraud…
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Could the furlough scheme be reintroduced?
The cost of bringing back the furlough scheme would be lower than failing to do so, say economists and business…
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“The idea that Brexit has liberalised trade is just nonsense” – Treasury grandee Nick Macpherson
The longest-serving Treasury chief in 80 years on Rishi Sunak, austerity and the decade to come.
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No matter who’s prime minister, the Treasury always wins
Boris Johnson’s “levelling-up” plans for the north are being stalled once again by a department determined not to spend money.
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