Magazine article Public Finance

Macpherson Takes the Helm at the Treasury

Magazine article Public Finance

Macpherson Takes the Helm at the Treasury

Article excerpt

Prime Minister Tony Blair has confirmed Nicholas Macpherson as the new permanent secretary to the Treasury, succeeding new Cabinet secretary Sir Gus O'Donnell.

Macpherson had been managing director for the budget and public finance directorate at the Treasury where, like O'Donnell, he enjoyed a close working relationship with Chancellor Gordon Brown. He is believed to have fought off stiff competition for the Treasury post from Home Office permanent secretary Sir John Gieve.

The promotion of both O'Donnell and Macpherson has been viewed by some Whitehall observers as evidence that Brown has strengthened his Whitehall power base in advance of his possible elevation to prime minister should Blair stand down before the next election.

Macpherson has been closely associated with some of Brown's flagship policies, notably the introduction of tax credits for low earners. …

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