Whichever party is in office, the Treasury is in power.
Meaning of the quote
The quote suggests that no matter which political party is in charge, the government's financial department, called the Treasury, has a lot of control and power. This means that the Treasury can influence important decisions, even if a different political party is running the government. The Treasury's influence is strong, and it can shape policies and actions, regardless of which party is currently in power.
About Harold Wilson
Harold Wilson was a British statesman and Labour Party politician who served as Prime Minister of the United Kingdom twice, from 1964 to 1970 and again from 1974 to 1976. He led the Labour Party through several key issues, including the role of public ownership, Britain’s membership in the European Communities, and British involvement in the Vietnam War.
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Given a fair wind, we will negotiate our way into the Common Market, head held high, not crawling in. Negotiations? Yes. Unconditional acceptance of whatever terms are offered us? No.
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