Is it time to trim the UK Treasury? | Larry Elliott

Harold Wilson was right: we need a separate department for the economy to boost growthThe Treasury is the most powerful institution in Whitehall. It is actually a super-ministry combining functions separated in many other countries: management of the economy and control of the public finances.These two functions are not accorded equal weight and never have been. The Treasury has always been primarily a finance ministry that views its main task as ensuring the nation’s budget arithmetic add