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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
    Cabinet Office accounts qualified over GPA shortcomings
    16 Dec 2024 Finance
    Cabinet Office accounts qualified over GPA shortcomings
    Just-published annual report also details cab sec Simon Case's 2023-24 pay rise
    NAO refuses to sign off Whole of Government Accounts due to missing data
    26 Nov 2024 Finance
    NAO refuses to sign off Whole of Government Accounts due to missing data
    PAC chair says impact of local authority auditing crisis on cross-government snapshot is "deeply unsatisfactory"
    Scottish Government faces 'tough' spending choices despite Budget boost, IFS warns
    26 Nov 2024 Finance
    Scottish Government faces 'tough' spending choices despite Budget boost, IFS warns
    Think tank says ministers should consider banking – rather than spending – some of the uplift that will come from Rachel Reeves' October announcements
    The price of everything and value of nothing
    21 Nov 2024 Finance
    The price of everything and value of nothing
    New teams, units and quangos come and go in government, often at the whim of ministers. How do we make sure the Office for Value for Money is effective?
    Winter fuel payment cut will push 50,000 pensioners into poverty, DWP admits
    20 Nov 2024 Finance
    Winter fuel payment cut will push 50,000 pensioners into poverty, DWP admits
    Kendall meanwhile snubs call for "more detailed assessment" of poverty impacts, including on different protected groups
    Barton: FCDO needs new funding model
    19 Nov 2024 Finance
    Barton: FCDO needs new funding model
    Department will require hundreds of millions of pounds more after 2026-27, perm sec says
    Boosting pay and tackling poor performance should be on Office for Value for Money's agenda – report
    18 Nov 2024 Finance
    Boosting pay and tackling poor performance should be on Office for Value for Money's agenda – report
    New unit should assess cost-benefit analysis of retaining poor performers versus managing them out, Reform think tank says
    Public services facing financial uncertainty despite Budget spending boost – IfG
    12 Nov 2024 Finance
    Public services facing financial uncertainty despite Budget spending boost – IfG
    It is “unlikely” that public services will see a notable improvement in performance next year, think tank warns
    DVLA told to find 5% efficiency savings
    12 Nov 2024 Finance
    DVLA told to find 5% efficiency savings
    Review finds the agency is “critically important” but asks it to cut 5% from its spending over three years
    'The Treasury acted within the law’: Bowler defends officials over Spring Budget preparations
    07 Nov 2024 Finance
    'The Treasury acted within the law’: Bowler defends officials over Spring Budget preparations
    Perm sec says previous budget framework put more onus on OBR to ask questions than HMT to provide information on its own initiative
    OBR chair predicts 'challenging' 2025 Spending Review for departments
    05 Nov 2024 Finance
    OBR chair predicts 'challenging' 2025 Spending Review for departments
    Richard Hughes tells MPs that unprotected departments will be facing real-terms cuts of 1% towards the end of the decade
    Budget: Unprotected departments facing 1.4% cuts from 2026, IFS warns
    31 Oct 2024 Finance
    Budget: Unprotected departments facing 1.4% cuts from 2026, IFS warns
    OBR chair says frontloading of departmental spending allocations is "remarkable"
    Budget: Above-inflation public sector pay awards ‘will require improved productivity’
    31 Oct 2024 Finance
    Budget: Above-inflation public sector pay awards ‘will require improved productivity’
    Departments will need to “carefully consider the trade-offs required to afford pay awards”
    Budget: Capital budget rules change as Treasury unveils new fiscal framework
    30 Oct 2024 Finance
    Budget: Capital budget rules change as Treasury unveils new fiscal framework
    Departments will get five-year capital budgets, extended every two years at regular spending reviews
    Budget: Departments' day-to-day spending to rise 1.5% in real terms
    30 Oct 2024 Finance
    Budget: Departments' day-to-day spending to rise 1.5% in real terms
    Total departmental spending will rise by an average of 1.5% a year over the next five years, chancellor announces, with higher rises in the next two years
    Office for Value for Money to play key role in SR25 as first-year saving plans confirmed
    30 Oct 2024 Finance
    Office for Value for Money to play key role in SR25 as first-year saving plans confirmed
    Chancellor confirms David Goldstone as first chair of new body which will carry out value for money assessments of high risk spending
    Hunt goes on attack ahead of OBR report on last government's spending plans
    29 Oct 2024 Finance
    Hunt goes on attack ahead of OBR report on last government's spending plans
    Ex-chancellor says watchdog's impartiality – and that of the civil service – is at risk in letter to cabinet secretary
    Reinstate outcome delivery plans to improve spending decisions, NAO says
    28 Oct 2024 Finance
    Reinstate outcome delivery plans to improve spending decisions, NAO says
    Spending watchdog calls for changes to “incentives and behaviours” around planning and spending ahead of SR2025
    Reeves slashes budget for National Wealth Fund
    15 Oct 2024 Finance
    Reeves slashes budget for National Wealth Fund
    UK Infrastructure Bank will be rebranded as NWF, but will come with less new money
    Budget: No.10 says it will stick with fiscal rules
    08 Oct 2024 Finance
    Budget: No.10 says it will stick with fiscal rules
    Confirmation of commitment to rules comes as IPPR report suggests reforming them could unlock £57bn of spending
    Chancellor pledges real-terms increase to government spending
    23 Sep 2024 Finance
    Chancellor pledges real-terms increase to government spending
    But Reeves does not rule out cuts to individual departments' budgets over the course of this parliament
    Government could save billions on procurement – IfG
    20 Sep 2024 Finance
    Government could save billions on procurement – IfG
    Report calls for end to automatic renewal of management consultancy contracts and increased transparency over spending

    Darzi review: Underfunding and raids on capital budget have 'left NHS estate crumbling'
    12 Sep 2024 Finance
    Darzi review: Underfunding and raids on capital budget have 'left NHS estate crumbling'
    Report that will inform NHS 10-year plan highlights "desperate" shortage of capital funding and “dysfunctional” state of regime
    Hillier to chair Treasury committee
    11 Sep 2024 Finance
    Hillier to chair Treasury committee
    Former PAC chair is among eight new select committee chairs who have been elected this week
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