Decision to split Finance ministry is bad business
Published 08/03/2011 | 05:00
The lack of business experience in the leaders of the coalition Government is depressingly manifest in the decision to split Finance between two ministers.
In my long experience of enterprise, I have never come across a scenario where a CEO has appointed two finance directors, one with responsibility for revenue and the other with equal responsibility for spending. This is akin to a football team with two coaches, one who comes up with a game plan for attack while the other wants to make defence the key tenet of the plan.
To further compound the folly, the Minister for Public Spending, who will also be charged with the task of reforming the public sector, is from the Labour Party, whose core electoral support comes from the public servants.