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    Economy

    The latest Economy news from Civil Service World
    Ex-Treasury minister Jim O'Neill: Theresa May's advisers 'lack strategic perspective'
    10 Apr 2017 Economy
    Ex-Treasury minister Jim O'Neill: Theresa May's advisers 'lack strategic perspective'

    Theresa May’s advisers “lack strategic perspective” to take advantage of the opportunities of Brexit, a former Treasury minister has said.



    Drive to improve Whitehall commercial skills has not reached agencies, say MPs
    05 Apr 2017 Economy
    Drive to improve Whitehall commercial skills has not reached agencies, say MPs

    Public Accounts Committee calls for forensic audit of spending at UK Trade & Investment after concluding contractor took advantage of arm’s-length body


    Whitehall must assess impact of Brexit without a trade deal, say MPs
    04 Apr 2017 Economy
    Whitehall must assess impact of Brexit without a trade deal, say MPs

    Committee says more work is needed on the economic impact of leaving the EU on WTO terms


    “Fairness and simplicity tend to be at odds” – reflections from the outgoing head of the Office of Tax Simplification
    29 Mar 2017 Economy
    “Fairness and simplicity tend to be at odds” – reflections from the outgoing head of the Office of Tax Simplification

    After six years at the helm of this tiny Whitehall team, John Whiting is standing down. Here he shares his experiences of trying to simplify Britain’s fiendish tax system – and what he’s learnt in the process


    BEIS seeks transformation director to create ‘long-term plan’
    23 Mar 2017 Economy
    BEIS seeks transformation director to create ‘long-term plan’

    New department says £125k role will focus on developing its “underpinning foundations”, building values and forming its culture


    Devolution chief slams ‘myth’ that Whitehall refuses to engage in localism
    21 Mar 2017 Economy
    Devolution chief slams ‘myth’ that Whitehall refuses to engage in localism

    Government will be in listening mode once new city region mayors are in place, says growth unit boss


    MPs seek pause on Houses of Parliament restoration ahead of new probe
    17 Mar 2017 Economy
    MPs seek pause on Houses of Parliament restoration ahead of new probe

    Treasury Select Committee says it would be “imprudent” for decisions on the multi-billion pound overhaul to be taken before inquiry is complete


    National Insurance debacle highlights need for reform, says IfG
    16 Mar 2017 Economy
    National Insurance debacle highlights need for reform, says IfG

    Think tank argues chancellor’s bungled budget fundraiser makes case for better policymaking


    Government urged to move departments out of Whitehall ‘to provide Brexit boost’
    16 Mar 2017 Economy
    Government urged to move departments out of Whitehall ‘to provide Brexit boost’

    A “radical” drive to move departments out of London would help regions adapt following Brexit, say consultants


    Civil service pay to hit 15-year real-terms low
    15 Mar 2017 Economy
    Civil service pay to hit 15-year real-terms low

    Real terms pay levels to be £1,700 below 2009/10 peak set before Osborne freeze


    BEIS appoints think tank chief as director of industrial strategy
    10 Mar 2017 Economy
    BEIS appoints think tank chief as director of industrial strategy

    Alexandra Jones set to leave Centre for Cities to take up new role


    MPs back six-year shutdown of parliament for 'Crossrail-style' upgrade
    10 Mar 2017 Economy
    MPs back six-year shutdown of parliament for "Crossrail-style" upgrade

    Public Accounts Committee says economic case is “crystal clear” for both houses to relocate for the duration of a £3.9bn overhaul


    Leigh Lewis: We need a better early warning system to flag up short-sighted spending cuts
    10 Mar 2017 Economy
    Leigh Lewis: We need a better early warning system to flag up short-sighted spending cuts

    We shouldn't have to wait until the wheels fall off to find that cuts to services have gone way beyond any sustainable level, argues the former DWP permanent secretary


    Budget 2017: Hammond avoids big giveaways as fiscal outlook improves
    08 Mar 2017 Economy
    Budget 2017: Hammond avoids big giveaways as fiscal outlook improves

    Hammond avoids big tweaks to Whitehall budgets, but targets extra funding for social care and business rate relief


    Budget 2017: Hammond to set out 'upbeat' vision of Brexit Britain
    08 Mar 2017 Economy
    Budget 2017: Hammond to set out "upbeat" vision of Brexit Britain

    Treasury trails Hammond's first Budget, as OECD upgrades UK growth forecast


    Whitehall told to ramp up devolution efforts – or risk worsening Brexit divide
    07 Mar 2017 Economy
    Whitehall told to ramp up devolution efforts – or risk worsening Brexit divide

    RSA says power in the UK remains "too centralised" – and urges central government to give more freedom to local authorities to tackle regional imbalances


    Civil service pay: Prospect union joins calls for Phillip Hammond to end “political football” of 1% cap
    07 Mar 2017 Economy
    Civil service pay: Prospect union joins calls for Phillip Hammond to end “political football” of 1% cap

    Union calls for independent review of pay as it warns that maintaining a 1% cap on pay rises is “unsustainable”


    Budget 2017: Hammond mulls tax rise to cover extra spending
    06 Mar 2017 Economy
    Budget 2017: Hammond mulls tax rise to cover extra spending

    Chancellor will not use improved growth forecasts to borrow more money, it is reported


    Interview: BEIS perm sec Alex Chisholm on merging DECC and BIS, the Industrial Strategy, and the Brexit challenge
    27 Feb 2017 Economy
    Interview: BEIS perm sec Alex Chisholm on merging DECC and BIS, the Industrial Strategy, and the Brexit challenge

    Nine days after his appointment as permanent secretary of the Department of Energy & Climate Change, Alex Chisholm suddenly found himself running the newly-formed Department for Business, Energy and Industrial Strategy. Here he talks merging ministries, Brexit and championing both business and consumers with Sam Macrory


    “We’re a tax authority, not a software provider' – HMRC defends Making Tax Digital plans
    23 Feb 2017 Economy
    “We’re a tax authority, not a software provider" – HMRC defends Making Tax Digital plans

    House of Lords committee puts HMRC officials through their paces


    Stretched departments struggling to produce evidence for regulatory changes – watchdog
    21 Feb 2017 Economy
    Stretched departments struggling to produce evidence for regulatory changes – watchdog

    Regulatory Policy Committee says it is "disappointed" that departments appear to be diverting resources away from providing rigorous assessment of their decisions


    DWP creates new DG role for Universal Credit
    16 Feb 2017 Economy
    DWP creates new DG role for Universal Credit

    Perm sec makes work services director Susan Park accountable for payments system’s operation across Jobcentres and service centres


    Treasury seeks £125,000-a-year corporate finance expert to help with 'unpopular decisions'
    14 Feb 2017 Economy
    Treasury seeks £125,000-a-year corporate finance expert to help with "unpopular decisions"

    UK Government Investments – which leads on the management and privatisation of state assets – seeks new director


    Treasury is 'overbearing' and 'overstretched', warns Lord Kerslake – but review stops short of calling for break-up
    13 Feb 2017 Economy
    Treasury is "overbearing" and "overstretched", warns Lord Kerslake – but review stops short of calling for break-up

    Former head of the civil service's review for Labour says Treasury must "up its game" on financial expertise; do more to support regional growth; and stop "second guessing" departments


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