HM Treasury

HM Treasury maintains control over public spending, sets the direction of the UK’s economic policy and works to achieve strong and sustainable economic growth.

We are responsible for:

– Public spending: including departmental spending, public sector pay and pension, annually managed expenditure (AME) and welfare policy, and capital investment
– Financial services policy: including banking and financial services regulation, financial stability, and ensuring competitiveness in the City
– Strategic oversight of the UK tax system: including direct, indirect, business, property, personal tax, and corporation tax
– The delivery of infrastructure projects across the public sector and facilitating private sector investment into UK infrastructure
– Ensuring the economy is growing sustainably

We have three clear objectives which we focus on. These are:

1. Place the public finances on a sustainable footing
2. Ensure the stability of the macro-economic environment and financial system, enabling strong, sustainable and balanced growth
3. Increase employment and productivity, and ensure strong growth and competitiveness across all regions of the UK through a comprehensive package of structural reforms