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The Treasury has few friends. Inside government, it is loathed for its arrogance and its meanness. Outside government, it is reviled for its conservatism and its incompetence.
The Treasury has to maintain a delicate balance to stay true to its role and traditions, while adapting to its political masters and their team of personal advisers. The relationship between any Chancellor and his Treasury, like the relationship between any Chancellor and the Prime Minister, is both close and tense.
The Secret Treasury examines these relationships, together with the Treasury's relationship with Parliament. With financial markets increasingly global, it also looks forward to the Treasury's role in a changing political and economic world.
