"Whichever party is in office, the Treasury is in power"
- Harold Wilson
About this Quote
This quote by Harold Wilson is a reminder that the Treasury, or the government's financial department, is always in control regardless of which political celebration is in power. This is because the Treasury is responsible for managing the federal government's financial resources, and its choices have a direct influence on the country's financial and fiscal policies. Wilson's quote indicates that the Treasury is the ultimate authority when it comes to monetary matters, and that its choices are more vital than the political party in power. This is since the Treasury is responsible for setting the federal government's budget, collecting taxes, and handling the national debt. Simply put, the Treasury is the supreme arbiter of the federal government's financial choices, and its power is not depending on which celebration remains in workplace.