1. Treasury island.
- Subjects
- *
FINANCIAL crises , *PUBLIC spending , *FINANCE ministers , *INTERVENTION (Federal government) , *ECONOMIC development - Abstract
The article discusses the historical role of the UK Treasury in managing economic crises, emphasizing the Finance Ministry's adherence to principles such as sound money, disciplined spending, and skepticism of government intervention. It highlights criticism that the Treasury's focus on short-term savings over long-term outcomes, its application of rules that may bias against certain regions, and its reluctance to embrace transformative projects may hinder long-term economic growth.
- Published
- 2023