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    Finance

    Keep up-to-date with the latest Finance news from Civil Service World
    NI civil servants to strike again over failure to address pay dispute
    14 Sep Finance

    NI civil servants to strike again over failure to address pay dispute

    Civil servants are "victims of the secretary of state’s sanctions budget", NIPSA union says
    by Beckie Smith
    All the changes Rishi Sunak is making to net-zero pledges
    21 Sep Finance
    All the changes Rishi Sunak is making to net-zero pledges
    Anger as Sunak pushes back net-zero milestones
    21 Sep Finance
    Anger as Sunak pushes back net-zero milestones
    NI perm secs told to begin consultation on cash-raising measures
    21 Sep Finance
    NI perm secs told to begin consultation on cash-raising measures
    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


    HMRC in Public Accounts Committee's firing line again after making 'little or no progress'
    04 Nov 2015 Finance
    HMRC in Public Accounts Committee's firing line again after making "little or no progress"

    Public Accounts Committee criticises HMRC over customer service, compliance and tackling aggressive tax planning – while HMRC says MPs have "overlooked" its achievements


    Kids Company collapse: NAO says officials raised concerns over charity 'at least' six times
    29 Oct 2015 Finance
    Kids Company collapse: NAO says officials raised concerns over charity "at least" six times

    Report by the National Audit Office spending watchdog finds that charity received £46m of public funding over 15 years


    Kids Company collapse: former Cabinet Office perm sec Richard Heaton to appear before MPs next week
    26 Oct 2015 Finance
    Kids Company collapse: former Cabinet Office perm sec Richard Heaton to appear before MPs next week

    Official who raised value for money concerns over further funding for the charity to face questions from the Public Accounts Committee


    Sajid Javid makes case for BIS ahead of the Spending Review – but hints at shrinking estate
    14 Oct 2015 Finance
    Sajid Javid makes case for BIS ahead of the Spending Review – but hints at shrinking estate

    Business secretary tells MPs that axing Department for Business, Innovation and Skills would be a "step backwards". But he asks: "Do we need 80 locations?"


    Unprotected departments face cuts of 27%, says the IFS
    02 Oct 2015 Finance
    Unprotected departments face cuts of 27%, says the IFS

    Institute for Fiscal Studies gives its assessment ahead of the Spending Review – and warns easier efficiency savings have already been "identified and delivered"


    McKinsey consultants advising BIS on savings, Sajid Javid confirms
    18 Sep 2015 Finance
    McKinsey consultants advising BIS on savings, Sajid Javid confirms

    Management consultants looking at "operating costs across the department and partner organisations", says business secretary, but none "working directly" on its response to the Spending Review


    OBR chief: I won't 'beat up' Treasury officials over forecast suggestions
    16 Sep 2015 Finance
    OBR chief: I won't "beat up" Treasury officials over forecast suggestions

    Robert Chote – reappointed as chair of the Office for Budget Responsibility watchdog – says he is "relaxed" about Treasury suggesting changes to its independent forecasts


    MPs to quiz Office for Budget Responsibility chief over Treasury influence
    14 Sep 2015 Finance
    MPs to quiz Office for Budget Responsibility chief over Treasury influence

    Select committee to question OBR's Robert Chote after e-mails show Treasury seeks changes to wording of draft forecast


    HMRC chief Lin Homer looks to 'diamond-shaped' future for department
    09 Sep 2015 Finance
    HMRC chief Lin Homer looks to "diamond-shaped" future for department

    Lin Homer tells MPs on the Public Accounts Committee that HMRC's "most basic" jobs will continue to be cut as department reduces number of sites across UK


    UK Export Finance names new chief executive
    02 Sep 2015 Finance
    UK Export Finance names new chief executive

    Chief operating officer at Standard Chartered Bank to succeed David Godfrey as new chief executive of UK Export Finance 


    Job cuts possible as HMRC to open talks on future of 200 staff
    06 Aug 2015 Finance
    Job cuts possible as HMRC to open talks on future of 200 staff

    Exclusive: Tax authority says it will aim to "avoid the need for compulsory redundancies" when 90-day process opens next week


    Matt Hancock vows to scrap automatic union fee payments across the civil service
    06 Aug 2015 Finance
    Matt Hancock vows to scrap automatic union fee payments across the civil service

    Unionised civil servants to lose right to automatic payroll deduction of fees - known as “check-off” - under plans set out by Cabinet Office minister Matt Hancock


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