The Treasury's a paradox: you have some of the very best and brightest officials in the Treasury, but you have, too often, a Treasury orthodoxy that's a dead hand on dynamic government.
Describing the Treasury's approach to defence spending.
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Being frank, we can’t completely stop the squeeze that families and businesses will feel with a global shock of this scale.
Conflict and uncertainty increases inflation, threatens growth and pushes up costs for businesses and governments alike.
At the spending review, we will set out a clear path to meeting our 3.5 per cent Nato commitment in 2035 and we will set a target date on that path for 3 per cent,
We have cut VAT on electricity bills and capped bus fares at £2 - to give breathing space to those feeling the strain.
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