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    Economy

    The latest Economy news from Civil Service World
    Budget 2016: George Osborne defends broken fiscal pledges
    17 Mar 2016 Economy
    Budget 2016: George Osborne defends broken fiscal pledges

    Chancellor says: "I’ve made adjustments to my plans to make sure we are going to live within our means"


    Budget 2016: pensions tweak 'will take £2bn from departmental budgets' says OBR – as unions blast 'smoke and mirrors' move
    16 Mar 2016 Economy
    Budget 2016: pensions tweak "will take £2bn from departmental budgets" says OBR – as unions blast "smoke and mirrors" move

    FDA union chief Dave Penman says pensions move will make make budget cuts "significantly worse” than the chancellor's headline announcements


    Budget 2016: Greater Manchester, Liverpool and London to pave the way on business rate retention
    16 Mar 2016 Economy
    Budget 2016: Greater Manchester, Liverpool and London to pave the way on business rate retention

    Plans to end local authority reliance on Whitehall gather pace


    Budget 2016: Departments face £3.5bn of further cuts in 2019/20 – but protections remain
    16 Mar 2016 Economy
    Budget 2016: Departments face £3.5bn of further cuts in 2019/20 – but protections remain

     "Departmental efficiency review" will "help deliver a further £3.5 billion of savings from public spending" in 2019-20, says George Osborne


    George Osborne pays tribute to Sir Nick Macpherson as Treasury perm sec marks final Budget
    16 Mar 2016 Economy
    George Osborne pays tribute to Sir Nick Macpherson as Treasury perm sec marks final Budget

    Chancellor pays tribute to "great public servant" – but SNP MPs jeer reference to "impartiality"


    Budget 2016: live coverage as George Osborne sets out fresh public spending cuts
    16 Mar 2016 Economy
    Budget 2016: live coverage as George Osborne sets out fresh public spending cuts

    Live coverage and reaction as chancellor sets out the 2016 Budget, provided by our colleagues on PoliticsHome.com. CSW will be have the key Whitehall stories and reaction throughout the afternoon


    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


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