HMT Ministers and Special Advisors
by H/Advisors Cicero
16 July 2024
The key figures expanding the Treasury’s influence
Rachel Reeves’ first major speech as Chancellor was notable not only for the announcements that were made, but for where they were being announced. A consultation on significant changes to national planning policy – an issue that traditionally would sit squarely with the Ministry of Housing, Communities and Local Government (MHCLG) – was unveiled in the Treasury by the Chancellor on 8 July, not MHCLG Secretary of State Angela Rayner.
The following day, details on how energy infrastructure would be funded came not from Energy Secretary Ed Miliband alone, but from Miliband and the Chancellor as they convened the first meeting of the National Wealth Fund Taskforce at No 11. Taking ownership of key announcements in the Government’s first week suggests a Chancellor who wants to have her hand on all the policy levers that can affect growth, regardless of whether there is a nexus in another Department or Cabinet colleague’s brief.
The incoming Government’s central mission is to grow the economy. The Chancellor’s Ministerial and Special Advisor appointments make it clear that mission is going to be driven and delivered by HM Treasury..
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