Finance

Parliament and government should agree a Code of Legislative Standards to improve the quality of laws produced at Westminster, according to a report published yesterday by the Political and Constitutional Reform committee.

Companies run by two lead departmental non-executive directors (Neds) have been publicly accused of serious wrongdoing.

The government needs a chief financial officer (CFO) “who is clearly and visibly responsible for ensuring that spending decisions are made on the basis of financial analysis and for measuring the outcomes in terms of value for money and performance management,” Rebecca McCaffry, innovation specialist at the Chartered Institute of Management Accountants (CIMA), has told CSW.

The annual drama of the Budget is a dysfunctional relic and should be scrapped, says Julian McCrae. Ministers and civil servants have bigger – and more nourishing – fish to fry.

The civil service pay cap will continue for an extra year, limiting pay increases to an average of one per cent per year until 2015-16, and the government will also seek to end automatic pay rises for all civil servants, chancellor George Osborne announced in his Budget last week.

The collapse of the West Coast Mainline franchising process won’t deter the Department for Transport (DfT) from taking necessary risks, the department’s permanent secretary has promised in an interview with CSW.

Four areas piloting ‘Whole Place’ community budgets will produce estimated public spending savings of over £200 million a year between them over the next five years.

The government has signed an agreement with private-sector partner arvato to manage an independently-run shared service centre, which will run back-office transactions to government departments. The move is intended to create savings of up to £600m a year over seven years.