Nicholas Macpherson, Permanent Secretary of HM Treasury, last week announced a new structure for the department.
Under the new regime, which comes into force on October 2, Jon Cunliffe will lead a new International and Finance Directorate, bringing together all the Treasury's European, International and Financial sector teams. In addition, Mr Cunliffe will remain responsible for Macroeconomics in the Treasury.
Meanwhile, John Kingman will lead a new Public Services and Growth Directorate. This will bring together all the Treasury's work on public spending and services, public and private sector productivity, procurement and enterprise.
According to the Treasury:
"These changes will strengthen the Treasury's work on its core objectives: to manage the public finances, promote economic growth, raise productivity across the private and public sectors and ensure financial stability in the UK and overseas."
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