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What's the relative roles of Treasury and Chancellor? Is it a case of the former taking in taxes and the latter spending money, the other way around, or something else?

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Oct 12th, 2010 at 01:13:57 PM EST
The Treasury is the govt dept responsible for the well being of the British economy. Unfortunately, as in most other countries, it is entirely the creature of the financiers whose priorities are more those of the City than the country as a whole.

The Chancellor and the First Secretary to the Treasury are both political role and may be viewed as principal and deputy. However, there is a complication that often the Chancellor is developing the politics of economic policy while the first secretary is more concerned with operational matters

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Tue Oct 12th, 2010 at 01:54:31 PM EST
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