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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
    UK’s capacity to absorb economic shocks is shrinking, OBR chair warns
    15 Jul Finance
    UK’s capacity to absorb economic shocks is shrinking, OBR chair warns
    Treasury hikes threshold for when new salaries require senior minister's approval
    15 Jul Finance
    Treasury hikes threshold for when new salaries require senior minister's approval
    New business-case rules for major projects come into force
    14 Jul Finance
    New business-case rules for major projects come into force
    HMRC ‘must investigate’ allegations from Paradise Papers leak
    06 Nov 2017 Finance
    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 Finance
    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


    HMCTS office closures ‘put 500 jobs at risk’
    02 Nov 2017 Finance
    HMCTS office closures ‘put 500 jobs at risk’

    Union warns of strike potential over Courts and Tribunal Service’s hubs proposals


    Millions of pounds added to Foreign Office wage bill after Brexit vote
    01 Nov 2017 Finance
    Millions of pounds added to Foreign Office wage bill after Brexit vote

    Foreign Office insists higher wage bill reflects an increase in staff numbers as well as the impact of currency fluctuation


    DoH perm sec asked to explain how pay can be linked to NHS productivity gains
    31 Oct 2017 Finance
    DoH perm sec asked to explain how pay can be linked to NHS productivity gains

    Sir Chris Wormald told by PAC chair to provide examples of best practice to inform Treasury’s decision to link pay cap rises to productivity 


    DfT perm sec to seek legal advice on former HS2 chief accused of ‘defrauding taxpayers’
    31 Oct 2017 Finance
    DfT perm sec to seek legal advice on former HS2 chief accused of ‘defrauding taxpayers’

    Bernadette Kelly asked by MPs to look into “possibility of fraud” over £1.7m made in unauthorised redundancy payments


    HMRC says its strategy is succeeding as tax gap falls to new low
    31 Oct 2017 Finance
    HMRC says its strategy is succeeding as tax gap falls to new low

    Tax collection agency says that work to tackle avoidance and evasion is paying off to tune of £12bn a year


    IFS: Hammond ‘may need to drop fixation’ with budget surplus to boost public sector pay
    30 Oct 2017 Finance
    IFS: Hammond ‘may need to drop fixation’ with budget surplus to boost public sector pay

    Political climate makes further departmental spending cuts or higher taxes unlikely, report argues


    Government opens up data on £100bn of annual grant awards
    27 Oct 2017 Finance
    Government opens up data on £100bn of annual grant awards
    Publication of departmental information is intended to help design policy and prevent fraud
    Report flags Ministry of Defence's 24% vacancy rate for commercial roles
    26 Oct 2017 Finance
    Report flags Ministry of Defence's 24% vacancy rate for commercial roles

    National Audit Office warns shortage of key commercial and cost assurance experts could jeopardise £1.7bn savings target from non-competitive contracts


    HS2 finance chief resigns after nearly £2m in redundancy payouts ‘unapproved by DfT'
    25 Oct 2017 Finance
    HS2 finance chief resigns after nearly £2m in redundancy payouts ‘unapproved by DfT'

    Steve Allen to leave government-owned company building new rail link after auditors slam unauthorised redundancy payments


    HMRC to recruit second perm sec ‘to focus on expanding Brexit work’
    24 Oct 2017 Finance
    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


    Public sector pay packets now smaller than private sector, Treasury FOI response reveals
    23 Oct 2017 Finance
    Public sector pay packets now smaller than private sector, Treasury FOI response reveals

    GMB union accuses Treasury of “cover up” after data was not released until threat to refer department to Information Commissioner’s Office 


    DWP staff strike as Jobcentre closure looms
    23 Oct 2017 Finance
    DWP staff strike as Jobcentre closure looms

    Protest set to cover Sheffield branch’s final three weeks


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


    Government urged to ‘pause for reflection’ before scrapping pay cap
    19 Oct 2017 Finance
    Government urged to ‘pause for reflection’ before scrapping pay cap

    Institute for Government report says universal pay hike could exacerbate Tories’ political woes amid £10bn spending hole


    DoH finance chief says Whitehall oversight of local NHS spending is ‘too opaque’
    17 Oct 2017 Finance
    DoH finance chief says Whitehall oversight of local NHS spending is ‘too opaque’

    David Williams tells MPs that Department of Health cannot calculate impact of delays to repairs and maintenance spending


    Doubling pay cap ‘would still leave civil servants £2,000 worse off by 2022’
    17 Oct 2017 Finance
    Doubling pay cap ‘would still leave civil servants £2,000 worse off by 2022’

    As inflation rate hits 3%, TUC warns higher cap on civil service pay increases in line with offer to police officers would still mean a real-terms pay cut


    Pay cap blamed for collapse of £6bn nuclear decommissioning contract
    12 Oct 2017 Finance
    Pay cap blamed for collapse of £6bn nuclear decommissioning contract

    Union says Nuclear Decommissioning Authority cannot be held solely responsible for failings detailed by National Audit Office


    Treasury finds £250m for Brexit preparations
    11 Oct 2017 Finance
    Treasury finds £250m for Brexit preparations

    The Home Office, environment department and HMRC are among those given new money to fund preparations for Brexit


    Union kicks off consultation on industrial action over Whitehall pay cap
    09 Oct 2017 Finance
    Union kicks off consultation on industrial action over Whitehall pay cap

    PCS launches nationwide ballot on sentiment and readiness for industrial action



     


    Bank of England top official urges Brexit transition deal by Christmas
    06 Oct 2017 Finance
    Bank of England top official urges Brexit transition deal by Christmas

    Deputy governor Sam Woods says slow progress in negotiations risks banks triggering contingency plans


    Scottish civil servants to be offered 2% pay rise this November
    05 Oct 2017 Finance
    Scottish civil servants to be offered 2% pay rise this November

    Boost comes after Nicola Sturgeon promised to lift public sector pay cap in Scotland from April 2018


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