Her Majesty’s Treasury (HM Treasury) maintains control over public spending, setting the direction of the UK’s economic policy and working to achieve strong and sustainable growth. HM Treasury is a ministerial department, supported by 15 agencies and public bodies.

The department is mainly responsible for:

• public spending: including departmental spending, public sector pay and pension, annually managed expenditure 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

HM Treasury’s priorities are:

• achieving strong and sustainable growth
• reducing the deficit and rebalancing the economy
• spending taxpayers’ money responsibly
• creating a simpler, fairer tax system
• creating stronger and safer banks
• making corporate taxes more competitive
• making it easier for people to access and use financial services
• improving regulation of the financial sector to protect customers and the economy

HM Treasury’s Objectives include:

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

HM Treasury is the government’s economic and finance ministry, maintaining control over public spending, setting the direction of the UK’s economic policy and working to achieve strong and sustainable economic growth.

HM Treasury is funded by the he Government of the United Kingdom.