The case for separating the Treasury (functions) into a ministry for economic growth, and a public spending ministry is a sensible one.
I agree. George Brown got it wrong in 1964. What is needed is the best and brightest brains in the Home Civil Service, who will always wish to be in the department called the Treasury, being directed towards growth, while fiscal and public expenditure matters are taken elsewhere into a Ministry of the Budget. The malfunctioning of the present system is convincingly proven by the deteriorated state of our economy in relation to the leading economies of Europe compared with 1962.
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