The solution is to make the Treasury the Department of Economics and create a completely new Ministry of Finance staffed by people from the private sector. This would remove the Treasury's arm-twisting power and force it to argue out its economic proposals on their merits. If it were also instructed in strategic thinking we might get somewhere, because its people are not stupid. But organisationally they find it very difficult to deal in any detail with anything broader than 'a closely focused issue', ie one on which the brief can be written by a Principal without consulting anyone else.
28 OctoberReuse content