Sir Nicholas Macpherson is to retire as the Permanent Secretary at the Treasury after just over ten years in the role.
He had joined the civil service in 1985 and he served as the PPS to both Kenneth Clarke and Gordon Brown during the 1990s. He became the Permanent Secretary at the Treasury in August 2005 and he will retire from the civil service at the end of March 2016.
“It has been a privilege to lead the Treasury through an extraordinary period. But after 31 years in the department, and having worked on 33 Budgets and 20 Spending Reviews, it is time to do something else while I still can.
With the fiscal strategy for this Parliament set and the economic recovery well established, now is the right time to stand aside and for someone else to guide the Treasury through the challenges ahead.
I pay tribute to the remarkable energy, creativity, resilience and decency of the Treasury ministers and officials I have worked with”.