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    Finance

    Keep up-to-date with the latest Finance news from Civil Service World
    Jeremy Hunt: I had to earn civil servants’ trust after Tom Scholar sacking
    17 Jul Finance

    Jeremy Hunt: I had to earn civil servants’ trust after Tom Scholar sacking

    Jeremy Hunt also speaks about the advice he gave to Wes Streeting and why he's not a fan of "mission-driven" government
    by Tevye Markson
    NAO refuses to sign off Whole of Government Accounts again
    18 Jul Finance
    NAO refuses to sign off Whole of Government Accounts again
    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
    Crown Commercial Service taking a slow and steady approach to meet its savings targets, MPs told
    19 Jan 2017 Finance
    Crown Commercial Service taking a slow and steady approach to meet its savings targets, MPs told

    The chief executive of the Crown Commercial Service has told the Public Accounts Committee that he would rather “take time to build a model that endures” than rush to increase the volume of services bought through and by his centralised procurement team


    HMRC not going back to private sector for tax credit checks after Concentrix row
    17 Jan 2017 Finance
    HMRC not going back to private sector for tax credit checks after Concentrix row

    Comes after supplier Concentrix "consistently failed to achieve more than half of its performance targets" during first year of its tax credit checks contract


    DfID’s under-fire cash transfer scheme delivers “strong value for money”, aid watchdog finds
    12 Jan 2017 Finance
    DfID’s under-fire cash transfer scheme delivers “strong value for money”, aid watchdog finds

    Scheme delivers strong value for money and has exceeded targets, Independent Commission for Aid Impact says, but officials could do more to help national governments improve the way cash is delivered


    Defiant NHS chief rejects government's health service funding claims
    12 Jan 2017 Finance
    Defiant NHS chief rejects government's health service funding claims

    Comments from NHS England chief executive prompt former Treasury permanent secretary Nick Macpherson to warn of a "bottomless pit" on health service funding


    Tributes paid to late Treasury permanent secretary Sir Douglas Wass
    06 Jan 2017 Finance
    Tributes paid to late Treasury permanent secretary Sir Douglas Wass

    Sir Nicholas Macpherson says his Treasury predecessor was "instrumental in pulling the country back from the brink in 1976"


    IfG report lauds Treasury’s Financial Management Reform programme
    09 Dec 2016 Finance
    IfG report lauds Treasury’s Financial Management Reform programme

    But think tank warns that ministers could jeopardise its success by scaling back resourcing or attempting to widen its scope too much



     


    DfID looks to step up contractor scrutiny after criticism
    08 Dec 2016 Finance
    DfID looks to step up contractor scrutiny after criticism

    Analysis by The Times finds fees paid to consultancy companies by the Department for International Development have risen sharply in the past year


    Autumn Statement 2016: Hammond loosens Osborne's £3.5bn efficiency drive – but departmental cuts plan remains
    23 Nov 2016 Finance
    Autumn Statement 2016: Hammond loosens Osborne's £3.5bn efficiency drive – but departmental cuts plan remains

    Spending Review 2015 plans "will remain in place", says the new chancellor – but departments will be able to reinvest some of their 2019/20 savings


    Autumn Statement 2016: Live coverage as Philip Hammond unveils Treasury plans
    23 Nov 2016 Finance
    Autumn Statement 2016: Live coverage as Philip Hammond unveils Treasury plans

    Live coverage of the build-up, announcements and reaction as chancellor Philip Hammond makes his first fiscal statement, via our colleagues on PoliticsHome.com


    Autumn Statement and Budget announcements suffer from “evidence gap”, says charity
    23 Nov 2016 Finance
    Autumn Statement and Budget announcements suffer from “evidence gap”, says charity

    Researchers warn about lack of transparency over evidence behind policies announced in big fiscal events


    Treasury must not 'micromanage' departments, say former civil service heads Kerslake and Butler
    22 Nov 2016 Finance
    Treasury must not "micromanage" departments, say former civil service heads Kerslake and Butler

    Former top officials warn against centralisation of power with the finance ministry on eve of chancellor Philip Hammond's first Autumn Statement


    Spending watchdog warns Department of Health over 'unsustainable' NHS finances
    22 Nov 2016 Finance
    Spending watchdog warns Department of Health over "unsustainable" NHS finances

    Government efficiency targets have only made the financial position of NHS bodies worse, warns the National Audit Office


    MPs to probe Defence Equipment and Support finances
    10 Nov 2016 Finance
    MPs to probe Defence Equipment and Support finances

    Public Accounts Committee move follows National Audit Office concerns over £434m “private sector support” and other costs in annual accounts


    Departments need clearer plans to cut fraud and error, says Public Accounts Committee
    04 Nov 2016 Finance
    Departments need clearer plans to cut fraud and error, says Public Accounts Committee

    Public Accounts Committee says Concentrix debacle highlights potential for error as Universal Credit rollout continues


    Treasury's Katharine Braddick steps up to become financial services director general
    24 Oct 2016 Finance
    Treasury's Katharine Braddick steps up to become financial services director general

    Financial services director moves upwards in the Treasury, and faces in-tray set to be dominated by the UK's decision to quit the European Union


    Treasury considers killing off Autumn Statements – report
    24 Oct 2016 Finance
    Treasury considers killing off Autumn Statements – report

    FT reports that the chancellor wants a tighter focus on the spring Budget to avoid policy gimmicks


    Richard Heaton: sorting out Ministry of Justice finances top of our agenda
    18 Oct 2016 Finance
    Richard Heaton: sorting out Ministry of Justice finances top of our agenda

    Justice permanent secretary tells MPs that “bearing down on the gap” between spending review targets and actual spending is the largest challenge for his officials, as he stands by the decision to implement spending controls that caused friction between department and prisons inspectorate


    Institute for Government questions Theresa May’s ability to deliver conference pledges
    06 Oct 2016 Finance
    Institute for Government questions Theresa May’s ability to deliver conference pledges

    Think-tank raises eyebrow at PM’s capacity to turn her Conservative Party Conference pledges into reality against backdrop of further belt-tightening and Brexit uncertainty


    Treasury has 'no clear strategy' for tax system, say experts
    03 Oct 2016 Finance
    Treasury has "no clear strategy" for tax system, say experts

    The Institute for Fiscal Studies, the Institute for Government, and the Chartered Institute of Taxation say the UK's tax system suffers from "too little sense of direction, consultation or evaluation"


    Brexit could cost departments £65m a year to implement, says Institute for Government
    29 Sep 2016 Finance
    Brexit could cost departments £65m a year to implement, says Institute for Government

    IfG says civil service is responding quickly to prepare for Brexit — but warns that ministerial conflict and uncertainty over the process could undermine this work


    Margaret Hodge calls for new parliamentary committee to end HMRC's tax 'secrecy'
    16 Sep 2016 Finance
    Margaret Hodge calls for new parliamentary committee to end HMRC's tax "secrecy"

    Former chair of the Public Accounts Committee wants to “tear away the shroud of secrecy” around corporate tax settlements, calling for scrutiny along similar lines to the Intelligence and Security Committee


    Theresa May warned over mismatch between policy ambition and fresh departmental cuts
    15 Sep 2016 Finance
    Theresa May warned over mismatch between policy ambition and fresh departmental cuts

    Institute for Government says that while Brexit will bring many new challenges, the public finances will face increasing pressures


    Review calls for better-resourced HM Revenue & Customs with “competitive” staff rewards
    08 Sep 2016 Finance
    Review calls for better-resourced HM Revenue & Customs with “competitive” staff rewards

    Labour Party-commissioned proposals demand more money for tax collection and new tier of governance for HM Revenue & Customs


    Treasury hints at return of analysis revealing Budget winners and losers
    07 Sep 2016 Finance
    Treasury hints at return of analysis revealing Budget winners and losers

    Treasury minister says government is "very seriously" considering bringing back detailed publication of impact of policies on the low-paid, as Treasury committee member tells CSW that George Osborne's decision to axe analysis was a blow for "public transparency and parliamentary scrutiny"


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