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…
ByTreasury
The sacking of Tom Scholar sets a dangerous precedent
If officials become unwilling to confront ministers with inconvenient truths, worse decisions will be made.
By
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…
By
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.
By
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…
By
“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…
By
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…
By
“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.
By
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.
By