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    Finance

    Keep up-to-date with the latest Finance news from Civil Service World
    Spring Budget: Government launches new savings tracker amid departmental spending squeeze
    15 Mar Finance

    Spring Budget: Government launches new savings tracker amid departmental spending squeeze

    IFS warns defence and childcare boosts could mean “very tough time for other spending areas”
    by Tevye Markson
    Spring Budget defence and childcare boosts 'mean spending cuts elsewhere'
    16 Mar Finance
    Spring Budget defence and childcare boosts 'mean spending cuts elsewhere'
    DLUHC’s local-audit backlog issues ‘could get worse’, watchdog warns
    16 Mar Finance
    DLUHC’s local-audit backlog issues ‘could get worse’, watchdog warns
    High Court rejects challenge to Civil Service Pension Scheme costs
    15 Mar Finance
    High Court rejects challenge to Civil Service Pension Scheme costs
    IFS: “Volatile” tax revenues could force George Osborne to make further spending cuts
    08 Feb 2016 Finance
    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 Finance
    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


    Civil service chief John Manzoni: Rise in Whitehall consultancy spend shows need to tackle “critical skills shortage”
    01 Feb 2016 Finance
    Civil service chief John Manzoni: Rise in Whitehall consultancy spend shows need to tackle “critical skills shortage”

    Reducing reliance on consultants and temps will require "much more fundamental workforce transformation" than seen so far, civil service chief John Manzoni tells MPs. But he says the organisation is "on the road" to addressing the problem


    HMRC job cuts: majority of 200 at-risk staff 'facing compulsory redundancy'
    01 Feb 2016 Finance
    HMRC job cuts: majority of 200 at-risk staff "facing compulsory redundancy"

    In correspondence seen by CSW, HMRC chief Lin Homer defends "robust and transparent approach" to redundancies – but "outraged​" PCS union says department has failed to consider all options


    Kids Company collapse: ministers should not have over-ruled civil service advice over £3m public grant, say MPs
    01 Feb 2016 Finance
    Kids Company collapse: ministers should not have over-ruled civil service advice over £3m public grant, say MPs

    Report by the Public Administration and Constitutional Affairs Committee says that final round of funding to the beleaguered youth charity — subject to a warning from then-Cabinet Office perm sec Richard Heaton — "should not have been authorised"


    Greg Hands hails “impressive progress” on Treasury’s Financial Management Reform programme
    29 Jan 2016 Finance
    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 Finance
    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


    New figures show government likely to miss Office for Budget Responsibility borrowing forecast
    22 Jan 2016 Finance
    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


    Ministry of Justice perm sec Richard Heaton: 'misunderstanding' led to independence spat with prisons inspector Nick Hardwick
    21 Jan 2016 Finance
    Ministry of Justice perm sec Richard Heaton: "misunderstanding" led to independence spat with prisons inspector Nick Hardwick

    MoJ's top official says falling out with prisons inspector was the result of spending controls introduced "in some haste" to tackle department's overspend


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


    HMRC chief Lin Homer: office closures won't lead to 'cliff edge' of expertise
    13 Jan 2016 Finance
    HMRC chief Lin Homer: office closures won't lead to "cliff edge" of expertise

    Tax authority's chief executive Dame Lin Homer is grilled on plans to cut HMRC's office network from 170 smaller offices to 13 regional centres


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


    Government borrowing for November worse than expected, new figures show
    22 Dec 2015 Finance
    Government borrowing for November worse than expected, new figures show

    Treasury says "one-off" factors to blame for higher-than-forecast public borrowing


    Communities secretary Greg Clark details four-year settlement for local government
    18 Dec 2015 Finance
    Communities secretary Greg Clark details four-year settlement for local government

    Deal confirms Spending Review's projected average cut of 6.7% for councils as they move towards full localised funding


    Watchdog paints stark picture of NHS finances
    16 Dec 2015 Finance
    Watchdog paints stark picture of NHS finances

    National Audit Office finds trust deficits becoming “normal practice” 


    Michael Gove abolishes controversial court fees
    03 Dec 2015 Finance
    Michael Gove abolishes controversial court fees

    In the latest Ministry of Justice U-turn, the justice secretary reverses another of his predecessor Chris Grayling's policies


    George Osborne 'seeking fresh curbs to civil service redundancy pay'
    02 Dec 2015 Finance
    George Osborne "seeking fresh curbs to civil service redundancy pay"

    Amid reports chancellor looking to cut voluntary civil service redundancy payouts by a further six months – a move first floated in 2010 – unions warn of "war by the government against its own staff"


    Bob Kerslake sheds light on his review of the Treasury for Labour's John McDonnell
    01 Dec 2015 Finance
    Bob Kerslake sheds light on his review of the Treasury for Labour's John McDonnell

    Former head of the civil service drafts in TUC chief Frances O'Grady and ex-KPMG deputy Alan Buckle to assess whether the Treasury is "fit for purpose"


    IFS on the Spending Review: “Lucky” Osborne has eased the squeeze – but chancellor may have to revisit cuts plan
    26 Nov 2015 Finance
    IFS on the Spending Review: “Lucky” Osborne has eased the squeeze – but chancellor may have to revisit cuts plan

    Institute for Fiscal Studies says talk of "end to austerity" is premature


    Government 'set to breach welfare spending cap'
    25 Nov 2015 Finance
    Government "set to breach welfare spending cap"

    Ministers reportedly seeking vote on the self-imposed welfare cap after tax credits rethink


    NHS cannot meet savings target, finance chiefs warn
    18 Nov 2015 Finance
    NHS cannot meet savings target, finance chiefs warn

    Healthcare Financial Management Association urges the government to go beyond £8bn pledge – and sounds the alarm on NHS deficits


    Treasury sells £13bn of Northern Rock assets
    13 Nov 2015 Finance
    Treasury sells £13bn of Northern Rock assets

    Sale price £280m more than the “book value”, George Osborne announces


    Kids Company: senior civil servants should have pushed back against ministers, say MPs
    13 Nov 2015 Finance
    Kids Company: senior civil servants should have pushed back against ministers, say MPs

    Stinging report by the Public Accounts Committee says government funding to the collapsed charity was “never seriously questioned, let alone stopped”


    Election prompts steep rise in government outsourcing – study
    06 Nov 2015 Finance
    Election prompts steep rise in government outsourcing – study

    Combined central and local government outsourcing spend highest since early 2012, according to new research


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