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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
    Looking across: Michael Izza
    18 Dec 2014 Finance
    Looking across: Michael Izza

    Michael Izza, chief executive of the Institute of Chartered Accountants in England and Wales (ICAEW), gives an outside perspective of the civil service


    Aviation body announces inquiry into Friday’s air traffic disaster
    15 Dec 2014 Finance
    Aviation body announces inquiry into Friday’s air traffic disaster

    The Civil Aviation Authority (CAA) will look into the computer failure which caused chaos across UK airports last Friday


    Control over services inches downwards
    15 Dec 2014 Finance
    Control over services inches downwards

    The Community Budgets scheme has taken another small step towards achieving change, finds Sarah Aston


    DWP decision to close the Independent Living Fund ruled lawful
    09 Dec 2014 Finance
    DWP decision to close the Independent Living Fund ruled lawful

    The Department of Work and Pensions’ (DWP) decision to close the Independent Living Fund (ILF) for disabled people was ruled lawful by the High Court, on Monday 8 December. 


    The Autumn Statement 2014: Sector by sector analysis
    04 Dec 2014 Finance
    The Autumn Statement 2014: Sector by sector analysis

    The chancellor of the exchequer’s final Autumn Statement of this Parliament provided an update on the government's economic plans. Our sister service, Dods Monitoring, analysed the Statement sector by sector. 


    Public sector pay will be 'restrained' in next Parliament, says Osborne
    03 Dec 2014 Finance
    Public sector pay will be "restrained" in next Parliament, says Osborne

    The government will continue to restrain public sector pay in the next Parliament, George Osborne announced in his Autumn Statement today. 


    Autumn Statement 2014: What to expect
    03 Dec 2014 Finance
    Autumn Statement 2014: What to expect

    Chancellor of the exchequer George Osborne is due to give his Autumn Statement today (Wednesday 3 December) at 12:30pm. So what can be expected?


    MoJ’s civil legal aid reform not achieving “value for money”, says NAO
    20 Nov 2014 Finance
    MoJ’s civil legal aid reform not achieving “value for money”, says NAO

    The Ministry of Justice’s (MoJ) Legal Aid, Sentencing and Punishment of Offenders Act is on track to make savings but it is not clear whether the reforms have delivered better value for money, the National Audit Office (NAO) reported today.


    CIPFA launches Global Fraud Risk Register
    14 Nov 2014 Finance
    CIPFA launches Global Fraud Risk Register

    The Chartered Institute of Public Finance and Accountancy (CIPFA) launched the Global Fraud Risk Register, its new global initiative for tackling fraud across the public sector.


    O’Donnell calls for five-year spending plans, and raises concerns over pension reforms
    07 Nov 2014 Finance
    O’Donnell calls for five-year spending plans, and raises concerns over pension reforms

    The government should introduce five-year spending plans and independent assessments of its infrastructure plans, former cabinet secretary Lord O’Donnell told an audience at the Royal Statistical Society last month. 


    Finance officials must ‘get on the front foot’ to influence policy, says government’s new finance chief
    03 Nov 2014 Finance
    Finance officials must ‘get on the front foot’ to influence policy, says government’s new finance chief

    Finance professionals across government should “get on the front foot” and make sure they’re involved in the policymaking process, the government’s new director-general of public spending, Julian Kelly, has said.


    New international tax evasion agreement will help HMRC clampdown
    29 Oct 2014 Finance
    New international tax evasion agreement will help HMRC clampdown

    HM Revenue and Customs will gain greater ability to clamp down on tax evaders following the signing of an international agreement on tax evasion at the Global Forum in Berlin today. 


    New redundancy regulations for highly paid public sector workers confirmed
    29 Oct 2014 Finance
    New redundancy regulations for highly paid public sector workers confirmed

    Chief secretary to the Treasury Danny Alexander yesterday confirmed government proposals to regulate redundancy payouts for highly paid administrators in the public sector. 


    Consultation could help Information Commissioner’s Office ‘move more quickly’ against nuisance calls firms
    28 Oct 2014 Finance
    Consultation could help Information Commissioner’s Office ‘move more quickly’ against nuisance calls firms

    A six week government consultation published this week aims to strengthen the Information Commissioner’s Office (ICO) capacity to better deal with companies breaking the law over nuisance calls and texts. 


    DWP must clamp down on housing benefit errors says NAO
    20 Oct 2014 Finance
    DWP must clamp down on housing benefit errors says NAO

    DWP are now facing an “escalating problem” with housing benefit error from both claimants and officials, according to National Audit Office (NAO).


    DWP to recruit new pensions ombudsman and deputy ombudsman for 2015
    20 Oct 2014 Finance
    DWP to recruit new pensions ombudsman and deputy ombudsman for 2015

    The Department of Work and Pensions (DWP) has announced plans to start recruiting for the roles of pensions ombudsman and deputy pensions ombudsman for 2015.


    Official no longer at MoD after £70m IT contract error
    17 Jul 2014 Finance
    Official no longer at MoD after £70m IT contract error

    An official responsible for an IT contracting error which cost the Ministry of Defence (MoD) £70m is no longer working for the department, its permanent secretary Jon Thompson told the Public Accounts Committee (PAC) on 16 June​.


    Education Funding Agency under fire over misspent schools cash
    27 Jun 2014 Finance
    Education Funding Agency under fire over misspent schools cash

    The Education Funding Agency (EFA) needs to get “to grips with effective oversight to improve public confidence in the system,” the Public Accounts Committee warned in a report.


    PAC: DCLG failed to consider alternatives before committing £10bn to Help to Buy scheme
    18 Jun 2014 Finance
    PAC: DCLG failed to consider alternatives before committing £10bn to Help to Buy scheme

    The Department for Communities and Local Government (DCLG) has committed to spending up to £10bn on the government’s Help to Buy scheme without establishing whether it represents the most effective way of using taxpayers’ money, the Public Accounts Committee have said in a report published on 18 July.


    NAO hits targets on savings, but misses submissions deadlines
    16 Jun 2014 Finance
    NAO hits targets on savings, but misses submissions deadlines

    The National Audit Office helped government to achieve £1.1bn of savings in 2014-14, according to its annual report published this week, but missed its own targets to complete 40% of its studies in six months and 85% within nine months – completing just 35% and 74% of reports in the respective time limits.


    HS2 boss calls for pay freedom
    21 May 2014 Finance
    HS2 boss calls for pay freedom

    The High Speed 2 company needs to be given greater freedoms from Treasury restrictions so that it can attract the best project managers and construction workers, Alison Munro, chief executive of the project, has told Civil Service World.



     


    MPs call for stronger oversight of free schools and greater transparency over approvals processes
    14 May 2014 Finance
    MPs call for stronger oversight of free schools and greater transparency over approvals processes

    Audit and governance arrangements for free schools are “not yet effective,” according to a Public Accounts Committee report published last week.


    Macpherson and Housden challenged on impartiality  amid accusations of politicisation in Scottish debate
    17 Apr 2014 Finance
    Macpherson and Housden challenged on impartiality amid accusations of politicisation in Scottish debate

    Sir Nicholas Macpherson, the Treasury permanent secretary, has told MPs that he decided to publish his advice warning the chancellor against a currency union with an independent Scotland because it was “vital to the national interest”.


    Budget: New pay rules and efficiency drive
    19 Mar 2014 Finance
    Budget: New pay rules and efficiency drive

    Two departments will pilot new pay rules which give them greater flexibility in spending their pay budget, the Budget announced today.


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