Labour peer calls for Treasury to be abolished

In a recent conference event, Maurice Glasman, the founder of Blue Labour, called for the abolition of the UK Treasury. Glasman, a Labour peer, advocated for more "economic radicalism" and argued that the Treasury's role should be reconsidered. Glasman's comments suggest a desire for a significant restructuring of the country's financial institutions. He believes that the Treasury, as it currently stands, is not adequately serving the needs of the British people and that a more radical approach to economic policy is necessary. The article does not provide further details on Glasman's specific proposals or the reasoning behind his call for the Treasury's abolition. It remains unclear how such a move would be implemented and what alternative structures or institutions he envisions to replace the Treasury's functions. The article presents Glasman's views as a prominent figure within the Labour party, but it does not include reactions or responses from other political or economic stakeholders. The concise summary focuses on the key points raised in the article without delving into additional analysis or context.