Treasury committee launches inquiry into role of Treasury.
The Commons Committee that last week called for a merger of Customs & Excise and the Inland Revenue is turning its attention to the Treasury itself. MPs on the Treasury Committee are launching an inquiry into whether the department is the best way of managing the nation’s finances, controlling the government’s finances and supervising major financial institutions. They are likely to look at international comparisons – and examine the internal workings of the bureaucracy all other bureaucrats fear most. The inquiry will ‘examine the expenditure and administration of the Treasury; the provision of information by and to the department; and relationships between the Treasury and other UK executive bodies’. Last week the committee urged the government to merge Customs & Excise with the Revenue once the latter has finished swallowing up the Contributions Agency – forming one huge Revenue department. In the meantime they want the boards running the two departments to be amalgamated.