4.6 • 252 Ratings
🗓️ 31 August 2023
⏱️ 20 minutes
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| 0:00.0 | The expectation often of ministers is that I come in, I've got this 180 billion. |
| 0:16.5 | These are my priorities, I want to move the money around. |
| 0:19.5 | And what's a bit of a shock is recognising how much of that money is already committed to just do the day job. |
| 0:28.6 | And the amounts of money to do new and different things sometimes is very small, if indeed there's any at all. |
| 0:36.6 | There's one great unreformed department in government, |
| 0:40.5 | and that's Treasury. Hello and welcome to the latest episode of our special inside briefing series |
| 0:46.4 | becoming a minister. In this series, former ministers and the civil servants who worked with them |
| 0:51.0 | reveal what it is really like to hold ministerial office and how to do |
| 0:54.7 | the job well. You will hear all about the challenges, the confusion, the decisions and drama of a job |
| 1:00.4 | which really is like no other. My name is Tim Durrant, program director for ministers at the |
| 1:05.4 | IFG. On this episode, we're talking about budgets, multi-billion pound budgets, because government departments |
| 1:12.1 | deal with major commercial contracts, infrastructure projects and financial investments, |
| 1:16.6 | and each employ thousands or tens of thousands of civil servants. For the ministers in charge, |
| 1:22.1 | getting used to managing budgets of this scale can be bamboozling and overwhelming, especially |
| 1:26.7 | if they haven't dealt with finances |
| 1:28.2 | in their previous careers. We'll hear from ministers about what it is like managing those budgets, |
| 1:33.3 | how to find savings in the department, and the advice they'd give to future ministers on how to |
| 1:37.6 | get on the right side of the Treasury. We'll also hear why ministers have less control over |
| 1:42.0 | spending than you and they might expect. |
| 1:45.6 | Money is a big part of being a minister. |
| 1:48.1 | They need to sign off spending decisions, negotiate with the Treasury over budgets, |
| 1:51.8 | and scrutinise what their department is spending money on. |
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