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    Economics

    Keep up-to-date with the latest Economics news from Civil Service World
    Budget 2025: Departments told to find extra £4.9bn in efficiencies
    26 Nov Economics

    Budget 2025: Departments told to find extra £4.9bn in efficiencies

    New target follows near-£14bn efficiencies committed to for SR25 period
    by Tevye Markson
    Budget 2025: OBR launches probe after publishing key document early
    26 Nov Economics
    Budget 2025: OBR launches probe after publishing key document early
    HMT second perm sec Sam Beckett to depart
    14 Nov Economics
    HMT second perm sec Sam Beckett to depart
    Rachel Reeves says Autumn Budget will 'protect public services from return to austerity'
    04 Nov Economics
    Rachel Reeves says Autumn Budget will 'protect public services from return to austerity'
    HMRC redundancies: PCS union raises strike threat as 150 staff issued with compulsory notices
    17 Feb 2016 Economics
    HMRC redundancies: PCS union raises strike threat as 150 staff issued with compulsory notices

    Public and Commercial Services union mulls industrial action over "unnecessary and inflammatory" compulsory redundancies – but HMRC says it has done "everything possible" to avert the situation


    Public Accounts Committee chair Meg Hillier raises further questions about HMRC’s tax assurance commissioners
    12 Feb 2016 Economics
    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: Department for Transport still facing rail capability gaps despite pay flexibility
    12 Feb 2016 Economics
    Public Accounts Committee: Department for Transport still facing rail capability gaps despite pay flexibility

    Transport department has improved its ability to let rail franchises, MPs say, but still lacks the capability to manage them, and does not have a “coherent strategic vision” for the rail system


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


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


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


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