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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
    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"


    Senior Tory urges Treasury to reveal how policies will impact low-paid
    25 Aug 2016 Finance
    Senior Tory urges Treasury to reveal how policies will impact low-paid

    Treasury committee chair Andrew Tyrie wants a return to publishing Treasury analysis that shows how policies will impact household incomes


    Treasury pressure leading DWP to pass welfare laws without evidence – government adviser
    16 Aug 2016 Finance
    Treasury pressure leading DWP to pass welfare laws without evidence – government adviser

    Chair of the government’s Social Security Advisory Committee says Budget and Autumn Statement deadlines have "regularly resulted in secondary legislation being presented to us without meaningful analysis of impact or interactions with other parts of the benefit system"


    HM Revenue & Customs reveals new Croydon base
    12 Aug 2016 Finance
    HM Revenue & Customs reveals new Croydon base

    2,500 staff set to relocate to town-centre office block from summer 2017


    Department for International Development urged to sharpen risk management to ensure aid doesn't go missing
    09 Aug 2016 Finance
    Department for International Development urged to sharpen risk management to ensure aid doesn't go missing

    New report from the Independent Commission for Aid Impact says DfID staff working in fragile and conflict-afflicted states are sometimes confused about how to manage risk


    Department of Health accused of “underhand attempt” to mask financial woes
    22 Jul 2016 Finance
    Department of Health accused of “underhand attempt” to mask financial woes

    Spending watchdog says bosses failure to declare National Insurance Fund payments kept departmental revenue spending in the black


    Treasury missed chance to coordinate environment policy in Spending Review – NAO
    20 Jul 2016 Finance
    Treasury missed chance to coordinate environment policy in Spending Review – NAO

    New report praises cross-government progress since 2010 but questions the value of Single Departmental Plans


    Charity flags concern over 'unfair' public sector debt collectors
    19 Jul 2016 Finance
    Charity flags concern over "unfair" public sector debt collectors

    Charity calls for good practice standards, as survey highlights concerns about unfair treatment by local authorities and Department for Work and Pensions


    Defra and MoD see accounts qualified again
    18 Jul 2016 Finance
    Defra and MoD see accounts qualified again

    Common Agricultural Policy fines continue to hamper Defra accounts, while National Audit Office also points to the Ministry of Defence's non-compliance with international accounting standards


    Department for Work and Pensions failing to make a “sustained reduction” in benefits fraud and error — spending watchdog
    08 Jul 2016 Finance
    Department for Work and Pensions failing to make a “sustained reduction” in benefits fraud and error — spending watchdog

    National Audit Office issues another qualification of department’s accounts and says fraud and error levels remain “unacceptably high”


    Department of Health shake-up brings digital, local government and social care under one roof
    04 Jul 2016 Finance
    Department of Health shake-up brings digital, local government and social care under one roof

    Changes come as DH seeks to cut running costs by 30% by 2020


    George Osborne defers emergency Brexit budget
    27 Jun 2016 Finance
    George Osborne defers emergency Brexit budget

    Speaking from the Treasury, chancellor says UK will face decision to leave European Union from a "position of strength" – but defers decision to cut spending and raise taxes


    Jon Thompson admits HMRC staff have “very little trust in senior leadership”
    09 Jun 2016 Finance
    Jon Thompson admits HMRC staff have “very little trust in senior leadership”

    New chief executive and permanent secretary tells MPs that technology issues and new performance management regime are at the root of organisation’s problems


    Institute for Government lauds move towards contract transparency
    08 Jun 2016 Finance
    Institute for Government lauds move towards contract transparency

    Think tank praises updated blueprint for public-sector procurement but warns new clause must be used


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