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    Finance

    Keep up-to-date with the latest Finance news from Civil Service World
    'Scrape the barnacles from the hull': Ex-chief of defence staff makes 'last throw of the dice' for radical change in MoD
    16 Sep Finance

    'Scrape the barnacles from the hull': Ex-chief of defence staff makes 'last throw of the dice' for radical change in MoD

    MoD must be prepared to “risk public money so as to be more effective and go faster", Admiral Radakin says
    by Suzannah Brecknell
    HMRC error means public sector borrowing was overestimated by £3bn
    09 Oct Finance
    HMRC error means public sector borrowing was overestimated by £3bn
    DHSC second perm sec appointed as National Wealth Fund NED
    02 Oct Finance
    DHSC second perm sec appointed as National Wealth Fund NED
    MPs ‘must wait’ for answers to concerns about departments’ tech procurement
    25 Sep Finance
    MPs ‘must wait’ for answers to concerns about departments’ tech procurement
    HMRC hires Singapore team to advise on ‘blue-sky’ customs upgrade
    15 Sep 2017 Finance
    HMRC hires Singapore team to advise on ‘blue-sky’ customs upgrade

    Move part of scoping exercise for post-Brexit trading arrangements, MPs told


    HMRC chief predicts hike in key fraud-and-error rate
    14 Sep 2017 Finance
    HMRC chief predicts hike in key fraud-and-error rate

    Jon Thompson says department’s accounts will be need to be “qualified” for as long as tax credits exist


    Unions deride ‘repugnant’ below-inflation pay cap lift
    12 Sep 2017 Finance
    Unions deride ‘repugnant’ below-inflation pay cap lift

    Prison Officers Association rejects pay boost, as more public sector trade unions moot industrial action


    MPs demand answers from Valuation Office Agency chief
    11 Sep 2017 Finance
    MPs demand answers from Valuation Office Agency chief

    Select committee chair seeks evidence base for “unfair” Staircase Tax


    New Civil Service Compensation Scheme proposals expected ‘in weeks’
    11 Sep 2017 Finance
    New Civil Service Compensation Scheme proposals expected ‘in weeks’

    Cabinet Office to boost payments made under 2016 scheme after High Court challenge, but Manzoni moots replacement


    Health department U-turns on plans to privatise staffing agency
    08 Sep 2017 Finance
    Health department U-turns on plans to privatise staffing agency

    NHS Professionals to remain in wholly public ownership after bidding process abandoned 


    Cross-government report shows doubling of fraud
    08 Sep 2017 Finance
    Cross-government report shows doubling of fraud

    Cabinet Office says year-on-year hike from £29.7m to £73.6m is evidence of increased scrutiny


    Support for civil servants without policy background is 'key to modernising Whitehall'
    07 Sep 2017 Finance
    Support for civil servants without policy background is 'key to modernising Whitehall'

    IfG review on boosting cross-government functions highlighted civil service 'must tackle perception that policy trumps specialisms' for career progression



     


    Scottish Government to end 1% pay cap from April
    06 Sep 2017 Finance
    Scottish Government to end 1% pay cap from April

    New policy will base increases on cost of living while keeping public spending budgets in balance, says Nicola Sturgeon


    Philip Hammond hints at new Northern Powerhouse funding boost
    05 Sep 2017 Finance
    Philip Hammond hints at new Northern Powerhouse funding boost

    Chancellor insists improved transport links in north is top priority but criticised for lack of clarity


    Theresa May 'to lift public sector pay cap this month'
    04 Sep 2017 Finance
    Theresa May 'to lift public sector pay cap this month'

    Public sector areas with retention issues, such as senior civil servants, expected to be among first to get a pay rise


    Former Treasury chief Macpherson lined up to join finance lobby board
    25 Aug 2017 Finance
    Former Treasury chief Macpherson lined up to join finance lobby board

    Lord Nick Macpherson in talks with UK Finance just 18 months after an 11-year stint as top Treasury official, according to reports


    Eileen Milner appointed chief executive of Education and Skills Funding Agency
    24 Aug 2017 Finance
    Eileen Milner appointed chief executive of Education and Skills Funding Agency

    Department for Education recruits successor to Peter Lauener, who is to retire following merger of two funding bodies


    Government completes privatisation of Green Investment Bank
    18 Aug 2017 Finance
    Government completes privatisation of Green Investment Bank

    New owner Macquarie has changed GIB’s name to overcome regulatory barriers to overseas investments


    Civil service pay growing three times slower than private sector
    16 Aug 2017 Finance
    Civil service pay growing three times slower than private sector

    Latest ONS data shows UK weekly earnings fell by 0.5% in real terms in the 12 months to June 2017


    Country should appreciate civil servants, says former Osborne and Davis advisor James Chapman
    16 Aug 2017 Finance
    Country should appreciate civil servants, says former Osborne and Davis advisor James Chapman

    Chapman, who has called for the creation of a new centrist party, says Treasury staff “could be running any multinational company they wanted”


    Councils ‘can’t afford’ safety improvements to high rise flats, ministers warned
    14 Aug 2017 Finance
    Councils ‘can’t afford’ safety improvements to high rise flats, ministers warned

    Authorities demand funding assurances and guidance on replacement materials


    DWP staff step up industrial action over Sheffield jobcentre closure
    14 Aug 2017 Finance
    DWP staff step up industrial action over Sheffield jobcentre closure

    Jobcentre workers begin two-week strike over controversial closure plans


    Compensation scheme: Departments urged to proactively revisit redundancy settlements
    11 Aug 2017 Finance
    Compensation scheme: Departments urged to proactively revisit redundancy settlements

    Union calls for Whitehall employers to seek out departed staff and pay additional settlements after successful High Court challenge to revised Civil Service Compensation Scheme


    MoJ agency broke Treasury pay rules, annual report reveals
    04 Aug 2017 Finance
    MoJ agency broke Treasury pay rules, annual report reveals

    Annual report of the National Offender Management Service says additional overtime payments were needed to address staffing pressures


    Rural Payments Agency names new chief exec
    18 Jul 2017 Finance
    Rural Payments Agency names new chief exec

    Paul Caldwell confirmed as permanent head of troubled Defra distribution arm


    SSRB limits pay rise advice to 1% despite ‘frustration and demotivation’
    18 Jul 2017 Finance
    SSRB limits pay rise advice to 1% despite ‘frustration and demotivation’

    But Cabinet Office agrees to formal review of pay system for Senior Civil Service


    Uproar over chancellor’s public sector pay comments
    17 Jul 2017 Finance
    Uproar over chancellor’s public sector pay comments

    Furious reaction over Philip Hammond's suggestion that staff enjoy “10% premium” over private sector counterparts


    HMRC blames Concentrix debacle for fraud-reduction problems
    17 Jul 2017 Finance
    HMRC blames Concentrix debacle for fraud-reduction problems

    Agency’s annual report says it will miss its target for identifying and preventing losses in the tax credits system for a second year running


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