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Andy Burnham challenges Treasury's growth policy dominance

Created at 19 Aug · 6:11 PM1 source↑ Market-relevant
IN SHORT

Andy Burnham plans to shift growth policy control from the Treasury to a new No. 10 department in Manchester, aiming to foster long-term economic thinking and overcome institutional caution. The move draws parallels to historical attempts to counterbalance Treasury influence.

Key Numbers

No. 10Prime Minister's office

Who's Involved

Andy Burnham
Prime Minister planning to reshape growth policy
Treasury
Government department controlling public finances
Louise Haigh
Cabinet ally overseeing the new No. 10 North department
Harold Wilson
Former Labour Prime Minister whose economic department is referenced
Ruth Curtice
Director at Resolution Foundation and former Treasury official
Michael Jacobs
Professor of political economy comparing the unit to the Office for Climate Change
John Healey
Burnham's pick for chancellor, instrumental in creating regional development agencies
David Gauke
Former Conservative chief secretary to the Treasury
Beth Russell
Treasury's second permanent secretary involved with Darlington Economic Campus
Sam Lister
Director of No. 10 North, former Times journalist
Jonathan Portes
Professor at King's College London and former government economist
Hannah Peaker
Deputy chief executive of the New Economics Foundation
George Brown
Harold Wilson's secretary of state for economic affairs

↳ Why This Matters

This initiative represents a significant challenge to the traditional dominance of the UK Treasury, potentially reshaping how economic growth policy is formulated and implemented. Its success could lead to more integrated and long-term economic strategies, while failure could highlight the enduring power of established fiscal institutions.

Key facts

  • Andy Burnham is establishing a new department in Manchester to lead growth policy, aiming to reduce the Treasury's influence.
  • The initiative draws parallels to historical attempts to create counterweights to the Treasury's power.
  • The new unit, No. 10 North, will focus on local growth and devolution, overseen by Louise Haigh.
  • The Treasury will retain control over tax and spend, leading to questions about the new department's effectiveness.
  • Coordination across various policy areas like housing and education is seen as key to the new unit's success.

Prime Minister Andy Burnham is initiating a significant restructuring of economic policy, aiming to wrest control of growth strategy from the powerful Treasury and establish a new department within No. 10, based in Manchester. This move is intended to foster long-term economic planning and overcome what is perceived as the Treasury's inherent caution and short-term focus.

Burnham's plan echoes historical attempts to counterbalance the Treasury's influence, drawing comparisons to Harold Wilson's Department for Economic Affairs (DEA). The new unit, dubbed No. 10 North and overseen by Louise Haigh, is expected to coordinate growth policies currently dispersed across Whitehall, leveraging devolution and additional powers for metro mayors.

Experts like Ruth Curtice of the Resolution Foundation suggest that coordinating policy across various areas such as housing, education, and planning could be the most effective use of the new unit. Michael Jacobs, professor of political economy, likens the potential structure to the Office for Climate Change, emphasizing cross-departmental coordination.

However, the Treasury's fundamental control over tax and spend remains a significant factor. Former Conservative minister David Gauke argues the Treasury will inevitably be the most important department, and stripping growth policy might exacerbate its focus on fiscal prudence. A Treasury source clarified that No. 10 North will concentrate on 'local growth' and devolution, with the Treasury lending staff and collaborating on its own Northern outpost, the Darlington Economic Campus.

Key questions persist regarding how policy clashes between the new No. 10 unit and the Treasury will be resolved, particularly concerning spending commitments. Jonathan Portes, a former senior government economist, highlights this as a historic challenge when No. 10 seeks greater power. The new department's relatively modest resources also raise concerns about its ability to enact significant change, despite the appointment of Sam Lister as director.

Frequently asked questions

The primary goal is to take control of growth policy from the Treasury and foster long-term economic thinking, overcoming perceived institutional caution.

It is compared to Harold Wilson's Department for Economic Affairs (DEA) and other historical attempts to create counterweights to the Treasury's influence.

No, the Treasury will maintain control over tax and spend, and has stated the new unit will focus on local growth and devolution.

Challenges include resolving policy clashes with the Treasury, securing adequate resources, and gaining sufficient access to the Prime Minister.

What Happens Next

01The new No. 10 North department will begin operations and staff transfers.
02The cabinet will face decisions on tax and spend in the lead-up to a critical budget.
03Policy clashes between No. 10 and the Treasury will need to be resolved.

How It Developed

Andy Burnham plans to establish a new No. 10 department in Manchester to lead growth policy.
The new department aims to take control of growth policy from the Treasury.
Burnham cites historical examples of attempts to challenge Treasury dominance, including Harold Wilson's DEA.
Louise Haigh will oversee the new No. 10 North unit.
The strategy involves devolving additional powers to metro mayors to coordinate scattered growth policies.
Experts suggest coordinating policy across housing, education, and planning could be effective.
Comparisons are drawn to the Office for Climate Change for coordinating policy across departments.
The Treasury will maintain control over tax and spend, raising questions about the new unit's ultimate power.

Sources

T1
Can Andy Burnham tame the power of the Treasury to boost growth?The Guardian

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