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    Economy

    The latest Economy news from Civil Service World
    Budget 2016: Osborne 'to miss fiscal target'
    16 Mar 2016 Economy
    Budget 2016: Osborne "to miss fiscal target"

    Weaker growth and delayed sales of government assets expected to contribute to missed target


    Budget 2016: Osborne left with few 'easy choices' on departmental cuts, says Lord Kerslake
    15 Mar 2016 Economy
    Budget 2016: Osborne left with few "easy choices" on departmental cuts, says Lord Kerslake

    "The obvious efficiency savings have come through in the early period," says former head of the civil service – as chancellor prepares to outline £4bn of further spending cuts


    HMRC's Jennie Granger hails victory in bankers' bonus battle with Deutsche Bank and UBS
    10 Mar 2016 Economy
    HMRC's Jennie Granger hails victory in bankers' bonus battle with Deutsche Bank and UBS

    Tax authority challenged the legality of two offshore schemes designed by the banks to avoid paying tax on bankers' bonuses


    Redundancy cap: no civil servant earning under £25,000 will be affected, says BIS minister – as MPs attack plans
    10 Mar 2016 Economy
    Redundancy cap: no civil servant earning under £25,000 will be affected, says BIS minister – as MPs attack plans

    "We also think it unlikely that anyone earning less than £27,000 would be hit by the cap," says BIS minister, as government sees off Labour plan to tie limit to inflation and exempt the private sector


    Government suffers Commons defeat over Sunday trading plans
    10 Mar 2016 Economy
    Government suffers Commons defeat over Sunday trading plans

    Defeat on BIS plans came after a last-ditch attempt by George Osborne to stave off a Tory rebellion


    Department for Culture, Media and Sport would 'ideally' have 100 more staff – perm sec Sue Owen
    08 Mar 2016 Economy
    Department for Culture, Media and Sport would "ideally" have 100 more staff – perm sec Sue Owen

    DCMS permanent secretary Sue Owen says department is "just about" at the minimum levels of staffing it needs to do its job –  but says department is in a "much, much more fortunate place" than expected before the Spending Review


    Whitehall getting more used to English devolution – top DCLG official
    07 Mar 2016 Economy
    Whitehall getting more used to English devolution – top DCLG official

    Tom Walker – who heads cross-government cities and local growth team – hails "ever closer integration" and close support of the Treasury as ministers press ahead with devolution drive


    Old War Office to become luxury hotel as Ministry of Defence completes sale
    02 Mar 2016 Economy
    Old War Office to become luxury hotel as Ministry of Defence completes sale

    Iconic Whitehall building sold as part of MoD plans to make estate savings. Department says it will be "sympathetically restored, redeveloped and re-imagined as a high quality hotel and residential apartments"


    Jeremy Heywood says civil service rules on pro-Brexit ministers will stop Whitehall 'tying itself up in knots' over the European Union
    01 Mar 2016 Economy
    Jeremy Heywood says civil service rules on pro-Brexit ministers will stop Whitehall "tying itself up in knots" over the European Union

    Cabinet secretary tells the public administration and constitutional affairs select committee that "nobody's having any difficulty with my guidance on the ground", as eurosceptics hit out at curbs on civil service support for ministers in favour of Britain leaving the European Union


    HMRC's new chief exec Jon Thompson will report to Edward Troup, Treasury confirms
    29 Feb 2016 Economy
    HMRC's new chief exec Jon Thompson will report to Edward Troup, Treasury confirms

    Treasury perm sec Nick Macpherson says incoming HMRC chief exec Thompson will focus on "spending the money", while executive chair Edward Troup will oversee "strategic, policy and reputational leadership" of the tax authority


    Treasury perm sec Nick Macpherson's successor to be unveiled in 'next week or so'
    29 Feb 2016 Economy
    Treasury perm sec Nick Macpherson's successor to be unveiled in "next week or so"

    Interviews for the top Treasury job get going this week – as Macpherson jokes process could "go into a black hole for many months"


    Cabinet Office should lose responsibility for official statistics to halt 'deterioration in quality', says Treasury committee chair Andrew Tyrie
    29 Feb 2016 Economy
    Cabinet Office should lose responsibility for official statistics to halt "deterioration in quality", says Treasury committee chair Andrew Tyrie

    Senior Tory says Treasury should take the lead on official stats as Cabinet Office and UK Statistics Authority "have been asleep at the wheel"


    EU referendum: Jeremy Heywood to face MPs over civil service guidance on dealing with pro-Brexit ministers
    29 Feb 2016 Economy
    EU referendum: Jeremy Heywood to face MPs over civil service guidance on dealing with pro-Brexit ministers

    Cabinet secretary will be questioned by the Commons Public Administration and Constitutional Affairs Committee on Tuesday, after ministers in favour of leaving the EU question guidance on use of official resources


    Former civil service head Lord Kerslake blasts “demeaning” move to end automatic “check off” of union fees across Whitehall
    26 Feb 2016 Economy
    Former civil service head Lord Kerslake blasts “demeaning” move to end automatic “check off” of union fees across Whitehall

    Lord Kerslake says it is “impossible to see why any fair person would want to remove this very basic service” - and vows to "sing the national anthem" if the government shelves plans to end automatic "check off" of fees from civil servants' pay packets


    Office for National Statistics to stay in Wales “for the long term”, Matt Hancock confirms
    26 Feb 2016 Economy
    Office for National Statistics to stay in Wales “for the long term”, Matt Hancock confirms

    Cabinet office minister Matt Hancock says the ONS - which moved out of London in the mid-2000s - will stay in Newport to to act as a "big data hub" in the region


    MoD's Jon Thompson to lead operational side of HMRC – as second perm sec Edward Troup steps up to new role
    24 Feb 2016 Economy
    MoD's Jon Thompson to lead operational side of HMRC – as second perm sec Edward Troup steps up to new role

    Thompson to succeed Lin Homer as chief executive, while tax specialist Edward Troup to chair the board's executive committee


    Public Accounts Committee says it is 'impossible to judge' whether HMRC struck a fair tax deal with Google
    24 Feb 2016 Economy
    Public Accounts Committee says it is "impossible to judge" whether HMRC struck a fair tax deal with Google

    Public Accounts Committee criticises lack of transparency over HM Revenue and Customs' £130m, ten-year tax deal with Google – but says department has taken "a step in the right direction" in pledging reform of penalty regime


    “Isolation will get you nowhere” – how the British Business Bank encouraged staff to collaborate and innovate in its quest to boost lending to SMEs
    24 Feb 2016 Economy
    “Isolation will get you nowhere” – how the British Business Bank encouraged staff to collaborate and innovate in its quest to boost lending to SMEs

    The legal team at the government-owned British Business Bank has brought together public and private sector expertise to create a new organisation with a challenging mandate – to boost lending to thousands of small and medium-sized businesses. Shanika Amarasekara, general counsel for the bank, shares her team's experience 


    Fight against public sector fraud undermined by patchy departmental data – report
    23 Feb 2016 Economy
    Fight against public sector fraud undermined by patchy departmental data – report

    National Audit Office report says Cabinet Office's Fraud, Error and Debt team is "growing into a centre of expertise" – but warns departmental data is "often variable and not sufficient" to keep tabs on the true scale of public sector fraud


    Cabinet Office creates new EDS role to help Whitehall focus on 'disruptive and long-term thinking'
    22 Feb 2016 Economy
    Cabinet Office creates new EDS role to help Whitehall focus on "disruptive and long-term thinking"

    Powerful Economic and Domestic Secretariat to get a new deputy director to help departments focus on longer-term trends and the impact of technology


    Treasury criticised by MPs over call to change Office for Budget Responsibility’s independent forecasts
    22 Feb 2016 Economy
    Treasury criticised by MPs over call to change Office for Budget Responsibility’s independent forecasts

    Treasury committee says 2014 intervention by then-chief secretary Danny Alexander “gives the appearance of a minister trying to lean on the OBR”


    Sue Cameron: The row over Google’s tax settlement with HMRC could have been avoided with a little more humility
    18 Feb 2016 Economy
    Sue Cameron: The row over Google’s tax settlement with HMRC could have been avoided with a little more humility

    Why did George Osborne and his officials not admit that the tax system is not fit for purpose in 21st century Britain?


    Peter Riddell: It’s early days for the English devolution agenda and the Treasury must keep a steady hand on the tiller
    16 Feb 2016 Economy
    Peter Riddell: It’s early days for the English devolution agenda and the Treasury must keep a steady hand on the tiller

    English devolution is a journey without a clear destination – producing a long overdue rebalancing of power, but within continuing tight financial constraints


    FDA union's Dave Penman: Plans to tear up the deal on civil service redundancy terms will undermine trust between politicians and public servants
    15 Feb 2016 Economy
    FDA union's Dave Penman: Plans to tear up the deal on civil service redundancy terms will undermine trust between politicians and public servants

    Over the last decade the civil service has managed significant reductions in headcount. Why place all of this in jeopardy?


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