
#84 Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1)
The MMT Podcast with Patricia Pino & Christian Reilly
Understanding the UK Exchequer System
This chapter provides a detailed exploration of the complex UK Exchequer system, including the Exchequer Pyramid structure, departmental accounts, and government banking services. It delves into the evolution of the system over time, the distinctions between different types of funds and accounts, and the legislative framework governing the Exchequer. The chapter also discusses the relationship between HM Treasury and the Bank of England in managing governmental payments and the impact of Bank of England independence on the system.
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