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    Finance

    Keep up-to-date with the latest Finance news from Civil Service World
    Treasury seeks technical efficiencies of ‘at least 1% a year’ from departments
    28 Apr Finance

    Treasury seeks technical efficiencies of ‘at least 1% a year’ from departments

    Perm sec tells MPs “stretching and realistic” Spending Review targets are being worked up with the Office for Value for Money
    by Jim Dunton
    Treasury working with departments to build integrated finance system
    24 Jun Finance
    Treasury working with departments to build integrated finance system
    SR25: HMRC gets £1.7bn for big increase in compliance and debt management staff
    12 Jun Finance
    SR25: HMRC gets £1.7bn for big increase in compliance and debt management staff
    ‘Radically’ shorter Green Book will support place-based budgeting and transformational change
    11 Jun Finance
    ‘Radically’ shorter Green Book will support place-based budgeting and transformational change
    Budget 2018: PFI best practice centre to be based in Department of Health and Social Care
    30 Oct 2018 Finance
    Budget 2018: PFI best practice centre to be based in Department of Health and Social Care

    Move to improve management of existing private finance deals comes as Philip Hammond rules out signing any more PFI deals


    Budget 2018: Philip Hammond announces the end of PFI
    29 Oct 2018 Finance
    Budget 2018: Philip Hammond announces the end of PFI

    Chancellor says that the funding mechanism does not provide value for money but confirms half of government infrastructure plan will be privately funded


    Include digital transformation in SDPs to let departments manage reform, says IfG
    29 Oct 2018 Finance
    Include digital transformation in SDPs to let departments manage reform, says IfG

    Treasury guidance encourages departments to offer “unreasonable certainty in timelines, costs and benefits”, IfG report finds


    HMRC would need 5,300 extra staff for no-deal Brexit, tax agency chief says
    18 Oct 2018 Finance
    HMRC would need 5,300 extra staff for no-deal Brexit, tax agency chief says

    Permanent secretary Jon Thompson shares the figures as senior officials tell committee they can’t guarantee no-deal would go smoothly 


    PCS union wins £3m payout from DWP in check-off victory
    17 Oct 2018 Finance
    PCS union wins £3m payout from DWP in check-off victory

    The union said it is gearing up to take legal action against every major department that ended check-off provisions


    Treasury refuses to calculate profits made by PFI investors
    10 Oct 2018 Finance
    Treasury refuses to calculate profits made by PFI investors

    Department says the calculation would require “significant time and investment” to calculate returns and would not be proportionate


    BEIS finally publishes report on shelved Land Registry sell-off
    08 Oct 2018 Finance
    BEIS finally publishes report on shelved Land Registry sell-off

    Consultation analysis underscores weight of organised opposition to Cameron-era proposals ditched by May regime


    Statistics watchdog to investigate DfE's 'disingenuous' use of spending stats
    05 Oct 2018 Finance
    Statistics watchdog to investigate DfE's 'disingenuous' use of spending stats

    Teachers’ groups say the DfE's claim the UK is among the world's top spenders on education disguises funding cuts


    HMRC insists it will be ready for no-deal Brexit following PAC concerns
    05 Oct 2018 Finance
    HMRC insists it will be ready for no-deal Brexit following PAC concerns

    “We have always said the timeline for implementing the Customs Declaration Service is tight," a spokesperson said


    Treasury faces debt hike as PM announces council-house drive
    04 Oct 2018 Finance
    Treasury faces debt hike as PM announces council-house drive

    Relaxation of local-authority borrowing rules projected to add billions to official figures


    Cabinet Office offloads stake in MyCSP for £8m
    27 Sep 2018 Finance
    Cabinet Office offloads stake in MyCSP for £8m

    Outsourcing firm now owns 75% of flagship 'mutual' civil service pensions administrator


    Treasury urged to introduce regulation of 'Wild West' crypto-currencies
    19 Sep 2018 Finance
    Treasury urged to introduce regulation of 'Wild West' crypto-currencies

    MPs say expanding the remit of the FCA is the quickest way to stop investors facing “numerous risks”


    MoD needs a 'coherent plan' to tackle armed forces skills gaps, MPs say
    13 Sep 2018 Finance
    MoD needs a 'coherent plan' to tackle armed forces skills gaps, MPs say

    The Public Accounts Committee described the department's understanding of armed forces spending as “inadequate”


    High staff turnover ‘leaves Treasury lacking skills to make Spending Review decisions’
    12 Sep 2018 Finance
    High staff turnover ‘leaves Treasury lacking skills to make Spending Review decisions’

    Brexit will make 2019 Spending Review more challenging for government, according to IfG


    Home Office has 'no overarching strategy' for police, NAO says
    11 Sep 2018 Finance
    Home Office has 'no overarching strategy' for police, NAO says

    Home Office’s “light touch approach” to running the country’s police forces means it does not understand the full impact of cuts to the service, the Government’s watchdog has warned


    Departments ‘don’t know if the same person owes them money’
    05 Sep 2018 Finance
    Departments ‘don’t know if the same person owes them money’

    Treasury’s lack of understanding of the overall impact on public finances hinders government response, according to NAO


    Treasury has never evaluated UK’s ‘worst tax break’, says think-tank
    29 Aug 2018 Finance
    Treasury has never evaluated UK’s ‘worst tax break’, says think-tank

    Resolution Foundation claims that scrapping entrepreneurs' relief could help relieve public spending squeeze


    Treasury publishes Hammond letter warning of costs of no-deal Brexit
    24 Aug 2018 Finance
    Treasury publishes Hammond letter warning of costs of no-deal Brexit

    Chancellor publishes letter to Treasury select committee after government release of 25 technical notices on preparing for no-deal Brexit


    At a glance: What could happen in the event of a no-deal Brexit?
    24 Aug 2018 Finance
    At a glance: What could happen in the event of a no-deal Brexit?

    The Department for Exiting the EU released a raft of technical notices on preparing for a no-deal Brexit. We look at what they reveal


    DIT’s ‘exporting superpower’ strategy depends on links with Foreign Office and DfID
    21 Aug 2018 Finance
    DIT’s ‘exporting superpower’ strategy depends on links with Foreign Office and DfID

    International trade secretary Liam Fox unveils Exports Strategy with goal to increase UK exports to 35% of GDP


    Book review: Confessions of a political maverick – “a warts-and-all picture of Westminster by one of its foot soldiers”
    10 Aug 2018 Finance
    Book review: Confessions of a political maverick – “a warts-and-all picture of Westminster by one of its foot soldiers”

    Former MP for Grismby Austin Mitchell’s new book is one that future historians will have on their reading lists, writes Sue Cameron


    Welsh Government’s environmental regulator lost £1m through improper timber sales
    09 Aug 2018 Finance
    Welsh Government’s environmental regulator lost £1m through improper timber sales

    Natural Resources Wales has had its accounts qualified three times over “unlawful” contracts with a sawmill


    Quarter of HS2 staff earn over £100,000, FOI data reveals
    08 Aug 2018 Finance
    Quarter of HS2 staff earn over £100,000, FOI data reveals

    Some 112 staff are on more than £150,000 while 15 take home more than £251,000


    Home Office denies asking Windrush citizens to sign non-disclosure agreements for compensation
    06 Aug 2018 Finance
    Home Office denies asking Windrush citizens to sign non-disclosure agreements for compensation

    Department says no one will have to sign an NDA to access compensation, despite reports


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