Treasury seeks to improve Whitehall financial rigour

The Treasury wants to inject business discipline into Whitehall’s financial management, amid fears that a lack of skill and knowledge about costs has led to overspending and public policy disasters. Julian McCrae, deputy director of the Institute for Government, said that  the “driver” of decisions in the corporate world about priorities would be the chief financial officer. The challenge was how to introduce a similarly rigorous approach into Whitehall.