Best of the Spectator Quite right!: Is it time to abolish the Treasury? – Q&A
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Nov 24, 2025 Is the Treasury fit for purpose or overwhelmed by 'Treasury brain'? Michael and Maddie explore the entrenched culture of the Treasury and the challenges posed by the lack of visionary leadership. They dive into the controversial idea of Piers Morgan leading the BBC, emphasizing the need for disruptive leadership. The duo also unpacks the phenomenon of 'Mar-a-Lago face' in U.S. politics and its lack of a British counterpart, while noting the distinct aesthetics shaping the appearances of politicians in Westminster.
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Treasury As Perpetual Sceptic
- The Treasury acts as government's perpetual sceptic, cutting waste and puncturing unrealistic plans.
- That scepticism makes it an enemy of innovation and a brake on departments seeking growth.
When Treasury Brain Dominates Policy
- 'Treasury brain' is the charge used to blame the Treasury for short-termism and underinvestment in long-term projects.
- It becomes more visible when ministers lack a clear vision and defer to Treasury proposals.
The 'Treasury Boys' Stereotype
- Gove describes the 'Treasury boys' stereotype: Oxbridge/LSE men with firsts who house-train ministers into Treasury thinking.
- He recalls ministers like Nigel Lawson and Gordon Brown who pushed back against them.