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    Economics

    Keep up-to-date with the latest Economics news from Civil Service World
    Starmer shakes up No.10 operation with Minouche Shafik and Darren Jones picks
    01 Sep Economics

    Starmer shakes up No.10 operation with Minouche Shafik and Darren Jones picks

    Jones appointed to new chief secretary to the PM position
    by Tevye Markson
    HMRC error means public sector borrowing was overestimated by £3bn
    09 Oct Economics
    HMRC error means public sector borrowing was overestimated by £3bn
    DHSC second perm sec appointed as National Wealth Fund NED
    02 Oct Economics
    DHSC second perm sec appointed as National Wealth Fund NED
    Promising to do more with less has obvious attractions – but what happens if these gains fail to materialise?
    22 Sep Economics
    Promising to do more with less has obvious attractions – but what happens if these gains fail to materialise?
    Network Rail chief tops Whitehall’s 2017 ‘high earners’ list
    15 Dec 2017 Economics
    Network Rail chief tops Whitehall’s 2017 ‘high earners’ list

    Heywood and Manzoni salary bands remain unchanged from last year, but the number of government staff earning £150,000 or more rises 13%


    Anger over 3.4% pay hike for HMRC staff ‘needed to keep pace with minimum wage’
    15 Dec 2017 Economics
    Anger over 3.4% pay hike for HMRC staff ‘needed to keep pace with minimum wage’

    Union berates department for being forced into the move to comply with National Living Wage


    Department for Education was ‘too reliant’ on Learndirect, says PAC chair
    14 Dec 2017 Economics
    Department for Education was ‘too reliant’ on Learndirect, says PAC chair

    Watchdog MP Meg Hillier slams two-year time-lag that has seen millions of pounds spent on services from an "inadequate" provider


    Civil servants ‘must account for range of impacts in selling government assets’
    13 Dec 2017 Economics
    Civil servants ‘must account for range of impacts in selling government assets’

    Auditor review of Green Investment Bank privatisation concludes efforts to ensure firm’s liabilities were off the public sector balance sheet could have reduced sale price


    HMRC pledges to reveal updated VAT tax gap by March
    12 Dec 2017 Economics
    HMRC pledges to reveal updated VAT tax gap by March

    Government response to Public Accounts Committee report also confirms consultation plan for new regime to tackle unpaid VAT by online marketplaces


    HMRC review finds flagship real time information system has yielded savings
    11 Dec 2017 Economics
    HMRC review finds flagship real time information system has yielded savings

    Post-implementation evaluation admits many employers see new system as a burden


    Concessions, cash and an Ulster ‘triple lock’: IfG boils down Brexit phase one deal
    08 Dec 2017 Economics
    Concessions, cash and an Ulster ‘triple lock’: IfG boils down Brexit phase one deal

    Think-tank analysis identifies concessions on residency rights, a £39bn bill on the ‘never-never’, and hand-tying assurances on Northern Ireland in draft agreement


    MPs dub Brexit customs planning ‘borderline reckless’
    08 Dec 2017 Economics
    MPs dub Brexit customs planning ‘borderline reckless’

     Public Accounts Committee criticises departments' “business as usual” assumption for 2019 and berates pace of pan-Whitehall Border Planning Group 


    HMRC insists latest deal on regional centre in Stratford ‘is best value for money’
    07 Dec 2017 Economics
    HMRC insists latest deal on regional centre in Stratford ‘is best value for money’

    Tax agency has signed a 25-year lease on London office for 3,800 staff


    Civil servants ‘redacted up to 20% of Brexit sectoral analysis’ provided to ​MPs
    07 Dec 2017 Economics
    Civil servants ‘redacted up to 20% of Brexit sectoral analysis’ provided to ​MPs

    DExEU perm sec insists analysis has “huge value” despite criticism that it does not amount to full impact assessments


    PCS prepares to get ‘strike ready’ over pay cap
    07 Dec 2017 Economics
    PCS prepares to get ‘strike ready’ over pay cap

    Union’s national executive agrees to prepare for statutory strike ballot


    HMRC names Jim Harra as second permanent secretary
    30 Nov 2017 Economics
    HMRC names Jim Harra as second permanent secretary

    Tax collection agency picks internal candidate as Edward Troup retires


    Budget 2017: Union fumes at lack of recognition for HMRC staff
    23 Nov 2017 Economics
    Budget 2017: Union fumes at lack of recognition for HMRC staff

    Association of Revenue and Customs warns government not rely on “goodwill” to deliver £155m recovery package with no progress on pay


    Whitehall productivity review calls for civil service to be opened up to ‘disruptive innovation’
    20 Nov 2017 Economics
    Whitehall productivity review calls for civil service to be opened up to ‘disruptive innovation’

    Chancellor Philip Hammond set to respond to Sir Michael Barber’s proposals in Wednesday’s Autumn Budget


    MPs urge Treasury to give HMRC cash to develop post-Brexit customs system
    14 Nov 2017 Economics
    MPs urge Treasury to give HMRC cash to develop post-Brexit customs system

    PAC report says tax agency doesn’t yet have money to upgrade customs service and develop contingency option in case of delays


    HS2 appoints new HR director after redundancy payments debacle
    13 Nov 2017 Economics
    HS2 appoints new HR director after redundancy payments debacle

    Former Post Office and MoJ man Neil Hayward replaces Peter Gregory at DfT firm


    Concentrix fiasco cost HMRC at least £38m, papers reveal
    10 Nov 2017 Economics
    Concentrix fiasco cost HMRC at least £38m, papers reveal

    HMRC staff reviewed 73,000 stopped or amended tax-credit claims and closed a further 181,000 cases after meltdown of outsourced fraud-and-error checking contract


    Industrial strategy to form part of ‘new chapter’ for British economy, says May
    06 Nov 2017 Economics
    Industrial strategy to form part of ‘new chapter’ for British economy, says May

    White paper to be published this month will set framework for more balanced economy post-Brexit, says PM


    HMRC ‘must investigate’ allegations from Paradise Papers leak
    06 Nov 2017 Economics
    HMRC ‘must investigate’ allegations from Paradise Papers leak

    Public Accounts Committee to question tax officials today while union calls for halt of office closures plan 


    Devolution of Jobcentre Plus part of proposal to localise £100bn of Whitehall spending
    03 Nov 2017 Economics
    Devolution of Jobcentre Plus part of proposal to localise £100bn of Whitehall spending

    Reform think tank argues for greater devolution of powers to buy healthcare, employment, skills and offender management services


    Government opens up data on £100bn of annual grant awards
    27 Oct 2017 Economics
    Government opens up data on £100bn of annual grant awards
    Publication of departmental information is intended to help design policy and prevent fraud
    HMRC to recruit second perm sec ‘to focus on expanding Brexit work’
    24 Oct 2017 Economics
    HMRC to recruit second perm sec ‘to focus on expanding Brexit work’

    Tax authority announces recruitment for top tax post will be limited to existing civil servants


    NI Civil Service states 'final' deadline to end political deadlock
    20 Oct 2017 Economics
    NI Civil Service states 'final' deadline to end political deadlock

    Sinn Féin and DUP given two weeks to agree new power-sharing deal or face Westminster intervention on budget


    Book review: Between Debt and the Devil and What We Owe - shining a light on life as we owe it
    20 Oct 2017 Economics
    Book review: Between Debt and the Devil and What We Owe - shining a light on life as we owe it

    Geoffrey Lyons reviews two books on debt by men who had key roles following the financial crisis


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