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    Finance

    Keep up-to-date with the latest Finance news from Civil Service World
    Budget 2025: Departments told to find extra £4.9bn in efficiencies
    26 Nov Finance

    Budget 2025: Departments told to find extra £4.9bn in efficiencies

    New target follows near-£14bn efficiencies committed to for SR25 period
    by Tevye Markson
    Michael Gove: Government should break up Treasury
    08 Dec Finance
    Michael Gove: Government should break up Treasury
    OBR chair Richard Hughes quits over Budget-document bungle
    02 Dec Finance
    OBR chair Richard Hughes quits over Budget-document bungle
    Union sounds alarm on Valuation Office Agency ‘integration’ with HMRC
    28 Nov Finance
    Union sounds alarm on Valuation Office Agency ‘integration’ with HMRC
    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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