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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
    NAO: Simple cost-cutting won’t cut it – departments must develop more detailed understanding of costs
    15 Sep Finance
    NAO: Simple cost-cutting won’t cut it – departments must develop more detailed understanding of costs
    Reeves announces late-November Autumn Budget
    03 Sep Finance
    Reeves announces late-November Autumn Budget
    Spending Review 2025 recap: Here's everything you need to know
    04 Aug Finance
    Spending Review 2025 recap: Here's everything you need to know
    Civil service redundancy shake-up could lead to 'significant' industrial unrest, warns Prospect union
    09 May 2016 Finance
    Civil service redundancy shake-up could lead to "significant" industrial unrest, warns Prospect union

    Specialist union's formal response to Cabinet Office's planned shake-up of Civil Service Compensation Scheme warns of impact on workforce management – and raises prospect of industrial action


    DCLG’s Right to Buy costings “entirely speculative” — Public Accounts Committee
    29 Apr 2016 Finance
    DCLG’s Right to Buy costings “entirely speculative” — Public Accounts Committee

    Committee of MPs says department has “not made a diligent and credible case” for policy which aims to fund discounts for housing association properties by selling off council homes


    Treasury not doing enough to help departments cut EU fines – PAC
    27 Apr 2016 Finance
    Treasury not doing enough to help departments cut EU fines – PAC

    PAC urges stronger cross-government effort to clamp down on fines incurred for errors in the way government spends EU funds


    MPs: Ministry of Defence used 'creative accounting' to hit 2% spending target
    21 Apr 2016 Finance
    MPs: Ministry of Defence used "creative accounting" to hit 2% spending target

    Department points out that shift to include spending on war pensions and intelligence gathering falls within Nato guidelines


    Ex-Treasury chief Sir Nick Macpherson takes swipe at Iain Duncan Smith over resignation
    14 Apr 2016 Finance
    Ex-Treasury chief Sir Nick Macpherson takes swipe at Iain Duncan Smith over resignation

    Macpherson says IDS's resignation over Personal Independence Payments was an "interesting, postmodern" decision


    Panama Papers: HMRC chairman Edward Troup in the spotlight over former City role
    11 Apr 2016 Finance
    Panama Papers: HMRC chairman Edward Troup in the spotlight over former City role

    Troup faces media scrutiny over role at Simmons & Simmons – as HMRC points out his role "has never involved responsibility for operational activities or direct dealings with companies on their tax affairs"


    Panama Papers: Does HMRC have the resources to tackle offshore tax evasion?
    08 Apr 2016 Finance
    Panama Papers: Does HMRC have the resources to tackle offshore tax evasion?

    HMRC asks for access to the Panama Papers offshore leaks and vows to "relentlessly pursue" wrongdoing – but tax expert Richard Murphy says department "just hasn’t got the resources"


    Treasury's John Kingman leaving Whitehall for the private sector
    04 Apr 2016 Finance
    Treasury's John Kingman leaving Whitehall for the private sector

    Second perm sec to announce he is leaving the civil service after vying for top Treasury job


    Budget 2016: Councils expect to be “fully compensated” by Treasury for business rate funding losses
    17 Mar 2016 Finance
    Budget 2016: Councils expect to be “fully compensated” by Treasury for business rate funding losses

    Proposals to make local government financially self-sufficient by 2020 must not be impacted by George Osborne's business-boosting measures, a lobby group has warned


    Budget 2016: George Osborne defends broken fiscal pledges
    17 Mar 2016 Finance
    Budget 2016: George Osborne defends broken fiscal pledges

    Chancellor says: "I’ve made adjustments to my plans to make sure we are going to live within our means"


    Budget 2016: Greater Manchester, Liverpool and London to pave the way on business rate retention
    16 Mar 2016 Finance
    Budget 2016: Greater Manchester, Liverpool and London to pave the way on business rate retention

    Plans to end local authority reliance on Whitehall gather pace


    George Osborne pays tribute to Sir Nick Macpherson as Treasury perm sec marks final Budget
    16 Mar 2016 Finance
    George Osborne pays tribute to Sir Nick Macpherson as Treasury perm sec marks final Budget

    Chancellor pays tribute to "great public servant" – but SNP MPs jeer reference to "impartiality"


    Budget 2016: Osborne 'to miss fiscal target'
    16 Mar 2016 Finance
    Budget 2016: Osborne "to miss fiscal target"

    Weaker growth and delayed sales of government assets expected to contribute to missed target


    Budget 2016: Osborne left with few 'easy choices' on departmental cuts, says Lord Kerslake
    15 Mar 2016 Finance
    Budget 2016: Osborne left with few "easy choices" on departmental cuts, says Lord Kerslake

    "The obvious efficiency savings have come through in the early period," says former head of the civil service – as chancellor prepares to outline £4bn of further spending cuts


    Public Accounts Committee warns of 'sticking-plaster solution' to NHS funding crisis
    15 Mar 2016 Finance
    Public Accounts Committee warns of "sticking-plaster solution" to NHS funding crisis

    “Acute hospital trusts are at crisis point,” warns PAC chair Meg Hillier


    National Audit Office questions government's SME claims – and urges clarity over contract management
    09 Mar 2016 Finance
    National Audit Office questions government's SME claims – and urges clarity over contract management

    Spending watchdog questions the government’s claims on SME spending, and urges departments to make sure that initiatives to improve commercial capability do not undermine attempts to support small companies


    DfE perm sec Chris Wormald apologises to MPs for 'disappointing' delay in department's accounts
    09 Mar 2016 Finance
    DfE perm sec Chris Wormald apologises to MPs for "disappointing" delay in department's accounts

    "We fully appreciate that we will need to do better in the future," says DfE perm sec Chris Wormald, as switch to new accounting method delays parliamentary scrutiny of his department's finances


    Department for Education starts work on schools funding overhaul
    07 Mar 2016 Finance
    Department for Education starts work on schools funding overhaul

    Education secretary Nicky Morgan says consultation marks “biggest step towards fairer funding in over a decade”


    Margaret Hodge: accountability system for civil servants is “broken” — but MPs are more interested in new policies than value for money
    04 Mar 2016 Finance
    Margaret Hodge: accountability system for civil servants is “broken” — but MPs are more interested in new policies than value for money

    Former PAC chair Margaret Hodge questions whether ministerial accountability system is fit for purpose and warns MPs are more interested in new policies than scrutinising spending. But her warnings over civil service capability are challenged by a senior Ministry of Defence offficial


    Crown Commercial Service's Matt Denham hails savings progress – and vows to 'encourage disruption'
    02 Mar 2016 Finance
    Crown Commercial Service's Matt Denham hails savings progress – and vows to "encourage disruption"

    “I love disruptive procurement,” says CCS’s commercial delivery director


    Budget 2016: George Osborne says departments could be in line for more cuts
    29 Feb 2016 Finance
    Budget 2016: George Osborne says departments could be in line for more cuts

    "There are always ways to make government better, always ways to make sure that the taxes of people are better spent," says chancellor, against gloomy global economic backdrop


    Public Administration Committee asks whether departments' accounts are up to the job
    26 Feb 2016 Finance
    Public Administration Committee asks whether departments' accounts are up to the job

    Pacac says government spends “considerable amounts of money” producing accounts even thought it "not clear that they are of any use to select committees, or to the public"


    Former civil service head Lord Kerslake blasts “demeaning” move to end automatic “check off” of union fees across Whitehall
    26 Feb 2016 Finance
    Former civil service head Lord Kerslake blasts “demeaning” move to end automatic “check off” of union fees across Whitehall

    Lord Kerslake says it is “impossible to see why any fair person would want to remove this very basic service” - and vows to "sing the national anthem" if the government shelves plans to end automatic "check off" of fees from civil servants' pay packets


    Public Accounts Committee says it is 'impossible to judge' whether HMRC struck a fair tax deal with Google
    24 Feb 2016 Finance
    Public Accounts Committee says it is "impossible to judge" whether HMRC struck a fair tax deal with Google

    Public Accounts Committee criticises lack of transparency over HM Revenue and Customs' £130m, ten-year tax deal with Google – but says department has taken "a step in the right direction" in pledging reform of penalty regime


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