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    Economy

    The latest Economy news from Civil Service World
    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


    Eurostar sale shows government still 'undervaluing assets', warns public accounts commitee
    20 Jan 2016 Economy
    Eurostar sale shows government still "undervaluing assets", warns public accounts commitee

    Report by MPs says Eurostar sale was managed well but that government used "over cautious assumptions" and should do more to build in-house corporate finance knowledge


    Blockchain pilots should form part of city deals, says government chief scientific adviser Sir Mark Walport
    19 Jan 2016 Economy
    Blockchain pilots should form part of city deals, says government chief scientific adviser Sir Mark Walport

    Government should be trialling use of distributed ledger technologies to improve welfare payments, according to a report published today


    Peter Riddell: As the Treasury's top official Nick Macpherson prepares to leave the civil service, what's next for Whitehall's most powerful department?
    18 Jan 2016 Economy
    Peter Riddell: As the Treasury's top official Nick Macpherson prepares to leave the civil service, what's next for Whitehall's most powerful department?

    Sir Nicholas Macpherson – the longest serving Treasury perm sec for sixty years – can be credited with overseeing the rebuilding of the finance ministry. But his successor faces a formidable in-tray


    Water regulator Ofwat under fire over high customer bills
    13 Jan 2016 Economy
    Water regulator Ofwat under fire over high customer bills

    MPs on the Public Accounts Committee says the industry regulator is failing to ensure savings are passed on


    Fall in Whitehall consultancy spend going into reverse — NAO
    13 Jan 2016 Economy
    Fall in Whitehall consultancy spend going into reverse — NAO

    New report by the National Audit Office spending watchdog finds that while departmental spending on consultants and temporary staff has plummeted over last five years, latest figures indicate a “short-term reduction rather than a sustainable strategy”


    Good luck, Bob Kerslake – others have tried to rein in the Treasury and failed
    05 Jan 2016 Economy
    Good luck, Bob Kerslake – others have tried to rein in the Treasury and failed

    Labour’s new commission – led by the former head of the civil service – can learn a host of lessons from previous bids to wrest power from the chancellor, says our columnist Sue Cameron


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