The British Prime Minister will push for a “big shift of power”: responsibility for economic growth will be transferred from the Ministry of Finance to “Northern 10”

The Zhitong Finance App learned that British Prime Minister Andy Burnham (Andy Burnham) said in an interview that responsibility for economic growth will be transferred from the UK Treasury (UK Treasury) to its new office in northern England, marking a major redistribution of powers to make economic policies.

Burnham took office as prime minister last month, and his focus of administration has always been on devolving more power to regions outside of London, tightening control over economic affairs, and moving some administrative functions to the “No. 10 North” (No. 10 North) office in Manchester. Earlier reports said that Burnham would give the Prime Minister's office more oversight over the economy rather than formally split the Ministry of Finance as suggested by some Labor Party supporters and advisers.

In an exclusive interview with The Times published on Tuesday evening, Burnham stated, “The Treasury Department has an established role in controlling public finance, but the dual tasks of economic growth and fiscal control sometimes obscure the mission of growth.” He clearly supports “the mission of having Office 10 lead growth,” adding that “this is actually a huge power shift.”

According to reports, John Healey (John Healey), who succeeded Rachel Reeves (Rachel Reeves) as Chancellor of the Exchequer when Burnham took office, fully supported the plan.

Healy's first budget is scheduled to be announced on October 28. At that time, he will need to balance financial accounts while providing financial support for the spending ambitions of the new Labor Party government. On Tuesday evening, Downing Street announced a total of £442 million (US$599 million) of special plans to address homelessness and homelessness. Housing Minister Angela Rayner (Angela Rayner) said this brought the total annual budget for homelessness to a record 4 billion pounds.

In an interview, Reina said, “We want to provide everyone with a place to live without sleeping on the street before Christmas.”

At the same time, Reiner stressed that the transfer of power from the Ministry of Finance to the Prime Minister's office did not mean that Healy was demoted. “All of us — including the Chancellor of the Exchequer — agree that we will work with all partners to ensure that they feel empowered in this process and are able to drive local economies forward,” she said.