[ad_1]
I’ve been studying up about His Majesty’s Treasury, with a view to a bit of analysis, and this week completed Samuel Beer’s brief 1956 ebook, Treasury Management. There’s a lot in it for individuals who imagine within the existence of an age-old ‘Treasury View’. Gladstone is quoted as saying ‘the saving of candle ends’ was “very a lot the measure of an excellent Secretary of the Treasury.” Winston Churchill’s view in 1929 was that the State can as a basic rule by no means creat extra employment was a ‘steadfast’ “orthodox Treasury view.” Beer argues the Treasury’s function is to not co-ordinate throughout departments, however merely to say No, and feedback, “Is it not a bit odd that so Gladstonian an establishment because the Treasury ought to grow to be the company for guiding and controlling state intervention within the economic system?” Financial coverage co-ordination at the moment, he reckoned, happened by Oxbridge networks and “lunch tables of the golf equipment of Pall Mall.”
[ad_2]
