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6 March 2007

Treasury Board

Purpose

  • To lead a Treasury that delivers its objectives and targets now and in the future.

Objectives

  • Shape the vision, strategy and priorities that deliver Treasury Ministers' objectives and communicate this to staff and other stakeholders;
  • Monitor and improve Treasury performance and ensure risks and opportunities are identified and well-managed in the short, medium and long term;
  • Ensure effective allocation, development and management of Treasury staff and financial resources including succession planning;
  • Protect and enhance Treasury's reputation as a world-class finance ministry.

The Treasury Board takes decisions on strategic operational matters that affect the whole of Treasury Group. The Board's Committees have Group compositions to take decisions on relevant Group issues. OGC and DMO have their own Boards, supported by Committee structures, and take day-to-day decisions for operational matters in their organisations, consistently with the framework and remits agreed with Treasury Ministers and any Group-wide strategic decisions of the Treasury Board.

Membership

Permanent Secretary (Chair); Managing Directors; Chief Executive of Office of Government Commerce; Director of Operations; Director of Policy and Planning; and the Non-Executive Directors: Stella Manzie, Sir Peter Gershon, Sir David Varney, William Sargent and Sir Nick Stern.

Summary of board meetings 2006-07

25 January 2007
The Treasury Board discussed HMT's performance in the past quarter, focussing on the Government Financial Management Directorate (GFM), including work being undertaken to improve Government Treasury Management. Other key discussions included work being undertaken on productivity and public sector pay.

14 December 2006
The Treasury Board considered progress with the implementation of Treasury's Comprehensive Spending Review settlement and their vision for the Treasury in 2011. The Board also discussed forthcoming challenges for the Treasury and the UK in relation to migration and identity management.

26 October 2006
The Treasury Board discussed progress on Regional Economic Performance and the creation of a Group Audit Committee. It also had an update on the Pre Budget Report; and the Budget Tax and Welfare Directorate's performance was reviewed. A further key discussion related to public spending and financial management and learning at work.

27 July 2006
The Treasury Board discussed progress with the implementation of Treasury's CSR settlement, lessons from the past 10 years and horizon scanning. Key discussions related to Treasury's objectives for the Comprehensive Spending Review period and issues posing new threats and opportunities to the UK economy.

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