The Chancellors examines how the Treasury has been able to fight off attempts by Prime Ministers, from Blair to Johnson, to cut it down to size. Based on in-depth interviews with the Chancellors and key senior officials, it gives the insiders’ view of exactly how the Treasury has been able to dominate policy-making for 25 turbulent years, a period that spans the global financial crisis, austerity, the Scottish referendum, Brexit and the pandemic. Faced with a stuttering economy, can the Treasury continue to exercise such remarkable influence? 


  • Howard Davies (Chairman of the NatWest Group and former director of the LSE)
  • Alistair Darling (Lord Darling of Roulanish, Chancellor of the Exchequer, 2007-2010)
  • Philip Hammond (Lord Hammond of Runnymede, Chancellor of the Exchequer, 2016-2019)
  • Clare Lombardelli (Chief Economic Advisor at the Treasury and Joint-Head of the Government Economic Service)
  • Jill Rutter (Senior Research Fellow: UK in a Changing Europe)
  • Duncan Needham (Darwin College, Cambridge)

Chair: Philip Murphy (History & Policy)