Office for Value for Money to play key role in SR25 as first-year saving plans confirmed
30 Oct 2024 Economy
Office for Value for Money to play key role in SR25 as first-year saving plans confirmed
Chancellor confirms David Goldstone as first chair of new body which will carry out value for money assessments of high risk spending
Hunt goes on attack ahead of OBR report on last government's spending plans
29 Oct 2024 Economy
Hunt goes on attack ahead of OBR report on last government's spending plans
Ex-chancellor says watchdog's impartiality – and that of the civil service – is at risk in letter to cabinet secretary
Budget: Reeves confirms she will change fiscal rules to boost investment
25 Oct 2024 Economy
Budget: Reeves confirms she will change fiscal rules to boost investment
Debt measurement tweak could give government headroom for around £50bn of extra investment
Budget: Reeves says all department spending settlements have been agreed
23 Oct 2024 Economy
Budget: Reeves says all department spending settlements have been agreed
Chancellor is reportedly seeking to plug a funding gap of £40bn in next week's budget
DWP watchdog seeks 'urgent reassurance' over pension credit capacity
21 Oct 2024 Economy
DWP watchdog seeks 'urgent reassurance' over pension credit capacity
Social Security Advisory Committee raises concern about department's ability to process pension credit claims "in a timely way” and potential impact on winter fuel payments
HM Treasury and DBT unveil industrial strategy green paper
15 Oct 2024 Economy
HM Treasury and DBT unveil industrial strategy green paper
Microsoft UK chief executive will chair new independent advisory council
IFS warns £25bn in tax rises will be needed to keep public spending on track
10 Oct 2024 Economy
IFS warns £25bn in tax rises will be needed to keep public spending on track
Rachel Reeves must find billions of pounds more to help "unprotected" departments keep pace with national income growth, think tank says
DSIT launches red-tape battling Regulatory Innovation Office
09 Oct 2024 Economy
DSIT launches red-tape battling Regulatory Innovation Office
Plans aim to boost economy by helping fast-growing areas of technology get to market quicker
Budget: No.10 says it will stick with fiscal rules
08 Oct 2024 Economy
Budget: No.10 says it will stick with fiscal rules
Confirmation of commitment to rules comes as IPPR report suggests reforming them could unlock £57bn of spending
Chancellor pledges real-terms increase to government spending
23 Sep 2024 Economy
Chancellor pledges real-terms increase to government spending
But Reeves does not rule out cuts to individual departments' budgets over the course of this parliament
Cutting public spending would 'damage foundations of the economy', Reeves warned
16 Sep 2024 Economy
Cutting public spending would 'damage foundations of the economy', Reeves warned
Former cabinet secretary Lord O'Donnell among economists who have urged the chancellor to update fiscal rules instead
Reeves tells departments to find billions of pounds in savings ahead of Budget
29 Aug 2024 Economy
Reeves tells departments to find billions of pounds in savings ahead of Budget
Health and Education departments among those asked to make big savings ahead of October budget, according to reports