Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps they are taking to help ensure that their Department (a) gives sufficient attention to long term strategic challenges, (b) does not allow current events to slow down work on long term strategic issues and (c) consistently undertakes horizon scanning.

The Treasury is leading on three of the Prime Minister's five priorities: reducing inflation, growing the economy and reducing debt. Delivering on these priorities is vital during a period of short-term economic challenge for both the UK and the global economy, and also essential to improve the UK’s long term economic outlook and to deliver for the people of the UK.

The department has a portfolio of policies to invest in strong public services, drive sustainable economic growth, build a culture of enterprise, enable the transition to net zero, and support people and businesses to thrive, while ensuring fiscal sustainability and value for money for the taxpayer. At the heart of these plans is the Government’s ambition for the UK to be one of the most prosperous countries in Europe.