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    Economy

    The latest Economy news from Civil Service World
    Public Accounts Committee chair Meg Hillier raises further questions about HMRC’s tax assurance commissioners
    12 Feb 2016 Economy
    Public Accounts Committee chair Meg Hillier raises further questions about HMRC’s tax assurance commissioners

    MP Meg Hillier tells CSW that public confidence in the way HM Revenue and Customs reaches settlement deals with large corporations will be an issue until there is greater transparency


    Public Accounts Committee challenges HMRC chief Lin Homer over Google tax settlement
    11 Feb 2016 Economy
    Public Accounts Committee challenges HMRC chief Lin Homer over Google tax settlement

    HMRC chief executive Dame Lin Homer has told members of the Public Accounts Committee that civil servants should be proud of progress in tackling tax avoidance on the part of large companies



     


    BIS estate to shrink from 80 sites to 'seven or eight', says minister Sajid Javid – as perm sec Martin Donnelly is pressed on Sheffield closure
    10 Feb 2016 Economy
    BIS estate to shrink from 80 sites to "seven or eight", says minister Sajid Javid – as perm sec Martin Donnelly is pressed on Sheffield closure

    90% of business department's sites to close under BIS 2020 programme, says Sajid Javid, as Martin Donnelly calls decision to shut Sheffield office "one of the most difficult" of his career


    Lord Maude to quit frontline politics
    10 Feb 2016 Economy
    Lord Maude to quit frontline politics

    Former Cabinet Office minister leaving trade post "pretty soon" to take on private sector and not-for-profit roles


    Crossrail: on time and on budget, is this how to get a major infrastructure project right?
    08 Feb 2016 Economy
    Crossrail: on time and on budget, is this how to get a major infrastructure project right?

    Crossrail, the capital’s new east-west rail link, is on track to open on time and on budget. As well as being a boon for commuters, it could also improve the UK’s reputation for delivering major infrastructure projects. Colin Marrs digs around for some lessons


    IFS: “Volatile” tax revenues could force George Osborne to make further spending cuts
    08 Feb 2016 Economy
    IFS: “Volatile” tax revenues could force George Osborne to make further spending cuts

    Institute for Fiscal Studies warns that “very inflexible” fiscal target could "come at a cost", while rising demand for services and public sector employment costs will make implementing cuts harder


    Government draws fire over “planned” Department for Work and Pensions directorship for Amazon boss
    04 Feb 2016 Economy
    Government draws fire over “planned” Department for Work and Pensions directorship for Amazon boss

    The anticipated decision to give Amazon director Douglas Gurr a non-executive role at the Department for Work and Pensions has been attacked because of the firm’s tax record


    EU referendum, then and now: Former cabinet secretary Lord Butler remembers the last time Britain went to the polls over membership of Europe
    04 Feb 2016 Economy
    EU referendum, then and now: Former cabinet secretary Lord Butler remembers the last time Britain went to the polls over membership of Europe

    David Cameron’s dilemma over the EU referendum bears striking similarities – and some notable differences – to that faced by Harold Wilson in 1975, says Robin Butler


    Cabinet Office minister Matt Hancock: government to vacate 75% of sites by 2023
    03 Feb 2016 Economy
    Cabinet Office minister Matt Hancock: government to vacate 75% of sites by 2023

    Government hails major savings on government estate since 2010 and sets out plans to go further - but the PCS union warns "vital local services" will be undermined


    Department for Work and Pensions “evasive” over Universal Credit delays, says Public Accounts Committee
    03 Feb 2016 Economy
    Department for Work and Pensions “evasive” over Universal Credit delays, says Public Accounts Committee

    MPs say they are “disappointed” by lack of clarity over progress on welfare reforms


    MPs question Department for Business, Innovation and Skills’ “vague” productivity plan
    01 Feb 2016 Economy
    MPs question Department for Business, Innovation and Skills’ “vague” productivity plan

    Productivity plan "must avoiding collecting dust on Whitehall bookshelves" by including concrete measures of success, BIS committee says


    Greg Hands hails “impressive progress” on Treasury’s Financial Management Reform programme
    29 Jan 2016 Economy
    Greg Hands hails “impressive progress” on Treasury’s Financial Management Reform programme

    Chief secretary to the Treasury Greg Hands says his department’s five-strand programme – designed to put finance at the heart of government decision-making – is on course and delivering results


    Civil servants 'unfairly criticised' in Google tax row, says the FDA's Dave Penman
    29 Jan 2016 Economy
    Civil servants "unfairly criticised" in Google tax row, says the FDA's Dave Penman

    FDA general secretary Dave Penman says HMRC staff should not be blamed for internet giant Google’s controversial tax deal


    MPs grill Business, Innovation and Skills minister over Sheffield office closure
    29 Jan 2016 Economy
    MPs grill Business, Innovation and Skills minister over Sheffield office closure

    BIS minister Anna Soubry answers urgent question on department's decision to leave Sheffield and outlines plans for new regional centres


    Unions attack plans to close Department for Business, Innovation and Skills’ office in Sheffield
    28 Jan 2016 Economy
    Unions attack plans to close Department for Business, Innovation and Skills’ office in Sheffield

    Civil service unions criticise BIS’s decision to shut its Sheffield office – placing 250 jobs in jeopardy – and warn further job losses will follow


    Redundancies possible as Department for Business Innovation and Skills announces closure of Sheffield office
    28 Jan 2016 Economy
    Redundancies possible as Department for Business Innovation and Skills announces closure of Sheffield office

    BIS permanent secretary Martin Donnelly announces plans to axe department’s Sheffield operation and create a “combined HQ and policy centre in London”


    Institute for Government highlights local concerns over Whitehall’s role in devolution agenda
    28 Jan 2016 Economy
    Institute for Government highlights local concerns over Whitehall’s role in devolution agenda

    Think tank report says lack of guidance from central government and Whitehall capacity issues have frustrated local leaders’ efforts to take on more powers


    Civil service is UK's biggest employer of 'elite' apprentices
    27 Jan 2016 Economy
    Civil service is UK's biggest employer of "elite" apprentices

    Whitehall tops this year's Times Guide to Higher and Degree Apprenticeships


    Google tax deal: HMRC’s business tax director Jim Harra defends 'thorough investigation'
    26 Jan 2016 Economy
    Google tax deal: HMRC’s business tax director Jim Harra defends "thorough investigation"

    HMRC's Jim Harra says critics of deal with Google are misunderstanding corporation tax rules – but Labour's John McDonnell renews attack on "very poor deal"


    Civil service unions call for 'one-off' payrise as senior officials vent frustrations
    26 Jan 2016 Economy
    Civil service unions call for "one-off" payrise as senior officials vent frustrations

    FDA and Prospect urge the Senior Salaries Review Body to back a front-loaded 4% payrise and warn of "divisive" attempts to boost the pay of only a limited number of specialists


    MPs launch corporation tax review in wake of HMRC's deal with Google
    26 Jan 2016 Economy
    MPs launch corporation tax review in wake of HMRC's deal with Google

    Treasury Committee to review HMRC's approach to tax avoidance and consider whether overhaul of corporation tax is needed amid row over deal with search giant Google


    Government apprenticeships: departments get new target in bid to boost social mobility
    25 Jan 2016 Economy
    Government apprenticeships: departments get new target in bid to boost social mobility

    Majority of departments will be asked to create new apprenticeships equivalent to 2.3% of their overall staffing levels, BIS confirms


    DWP permanent secretary Robert Devereux urged to launch review after substance of jobs stats leaked
    22 Jan 2016 Economy
    DWP permanent secretary Robert Devereux urged to launch review after substance of jobs stats leaked

     UK Statistics Authority "deeply concerned" about "unauthorised, widespread sharing of statistics before their publication"


    New figures show government likely to miss Office for Budget Responsibility borrowing forecast
    22 Jan 2016 Economy
    New figures show government likely to miss Office for Budget Responsibility borrowing forecast

    Overall borrowing this year now at £74.2bn,  past the OBR's projection of £68.9bn


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