The Governance of Fiscal Policy in the United Kingdom and Canada

Abstract

This article analyzes the governance of fiscal policy in the United Kingdom and Canada under the Blair Government and the Chrétien Government. It seeks to identify whether the capacity of the core executive to steer fiscal policy has been “hollowed out.” The conclusion drawn is that in both the United Kingdom and Canada, far from having been hollowed out, there has actually been a strengthening of the capacity of the Treasury and the Department of Finance, respectively, to steer fiscal policy.