Labour aims to make growth integral to Treasury's role
The Guardian|March 19, 2024
The Treasury under a Labour government would "hardwire" raising Britain's growth rate into its budget tax and spending decisions as part of plans to shake up Whitehall's most powerful department, Rachel Reeves is to announce.
Larry Elliott
Labour aims to make growth integral to Treasury's role

The shadow chancellor will use a lecture in London today to say that a decade of national renewal must start with "day one" reform after a Labour election victory to make growth more pivotal to the Treasury's work.

Rejecting calls from some critics for the Treasury to be broken up into separate economy and public finance arms, Reeves will say she wants to beef up its in-house enterprise and growth unit and for the first time integrate its work with the department's tax and spending divisions.

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