Tories plan radical rejig of ‘dysfunctional’ Treasury

George Osborne, shadow chancellor, says a Conservative government would
radically restructure a ‘rather dysfunctional’
Treasury and scale
back the department’s Whitehall empire and shake up its much criticised
policymaking function, he said.

Osborne believes Gordon Brown damaged the Treasury by using it as an
‘imperial power base’.

In an interview with the Financial Times, Osborne detailed plans
which refocus the Treasury on its function of holding other departments’
spending to account. As chancellor, Osborne said, he would seek to change the
‘squash every department’ approach to micro-managing the rest of Whitehall which
the Treasury had adopted under Gordon Brown’s chancellorship.

The shake-up of the Treasury will form a core element of the Conservatives’
preparations for government.

Further reading:

Treasury all at sea on foreign profits

the Financial Times story

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