Traditionally HM Treasury, along with the Bank of England, has been responsible for deciding all aspects of the UK's economic and financial policy. Following the 1997 election, in which the Labor Party came to power, the macroeconomic policy framework has been reformed. The aim of this reform is to help provide a framework for improved macroeconomic stability and economic growth.

传统上，由财政部和英格兰银行负责英国经济和金融的各方面政策。1997年大选之后，工党上台掌权，改革了宏观经济框架。改革的目的是为了提供一个框架，以加强宏观经济稳定，促进经济增长。