Explained in plain English
What is the Treasury?
The Treasury is the UK government department responsible for managing the nation's money. It oversees all public spending and taxation, essentially acting as the country's finance ministry. John Healey, as the new Chancellor, is now in charge of this powerful department, having taken over from Rachel Reeves.
Stories that explain this
John Healey named chancellor weeks after quitting cabinetQuestions this opens up
Who works at the Treasury? What is public spending? How does taxation work?This explainer came from a news story
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