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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
    Department for International Trade confirms go-ahead for freeports
    02 Aug 2019 Finance
    Department for International Trade confirms go-ahead for freeports

    International trade secretary Liz Truss names panel of advisers to consider location for up to 10 tax-free ports


    Treasury makes £2.1bn available as no-deal Brexit prep accelerates
    01 Aug 2019 Finance
    Treasury makes £2.1bn available as no-deal Brexit prep accelerates

    Sajid Javid opens spending taps to boost border and customs operations, medical supplies and public information in no-deal Brexit


    What can be salvaged from the Spending Review delay?
    26 Jul 2019 Finance
    What can be salvaged from the Spending Review delay?

    Spending Review delay would be “bad news for those planning and managing big public services”, but departments must prepare, IfG says


    Northern Ireland civil servants strike over 'unacceptable' pay deal
    26 Jul 2019 Finance
    Northern Ireland civil servants strike over 'unacceptable' pay deal

    Union says pay award was imposed “without proper and meaningful consultation”


    HMRC annual report shows online growth but acknowledges Brexit peril
    26 Jul 2019 Finance
    HMRC annual report shows online growth but acknowledges Brexit peril

    More people are accessing more online services, department claims, but 'large amount of uncertainty' remains around Brexit


    Treasury ends reviews of Whitehall off-payroll staff after IR35 introduced
    23 Jul 2019 Finance
    Treasury ends reviews of Whitehall off-payroll staff after IR35 introduced

    Liz Truss says IR35 regulations for the whole public sector render specific oversight for departments unnecessary


    Four in five major government suppliers 'could face ban' under prompt-payment regulations
    22 Jul 2019 Finance
    Four in five major government suppliers 'could face ban' under prompt-payment regulations

    Tussell analysis finds 90% of contracts worth £5m or more went to contractors that didn't pay their suppliers on time


    HMRC misses key tax credits fraud-and-error target
    22 Jul 2019 Finance
    HMRC misses key tax credits fraud-and-error target

    Overpayments estimated at £1.46bn are 'highest rate since 2011-12' annual report reveals


    DfT officials lacked skills to scrutinise Crossrail as project went off track, say MPs
    19 Jul 2019 Finance
    DfT officials lacked skills to scrutinise Crossrail as project went off track, say MPs

    Damning report says department has yet to “get a grip” on the troubled trans-capital rail line


    UK Statistics Authority should be broken up, MPs say
    18 Jul 2019 Finance
    UK Statistics Authority should be broken up, MPs say

    PACAC concludes dual roles of producing and regulating official data compromise the public good in a climate of fake news 


    Pension reform: PCS warns trust in Treasury is low as Truss promises talks
    17 Jul 2019 Finance
    Pension reform: PCS warns trust in Treasury is low as Truss promises talks

    Union says postponed revaluation of civil service scheme would have likely led to a cut in employee contributions


    MHCLG sees staff costs rise by 22% as headcount grows
    15 Jul 2019 Finance
    MHCLG sees staff costs rise by 22% as headcount grows

    Department’s annual report details £46.5m rise against 700-strong boost in workers


    Heaton admits MoJ's financial state ‘remains challenging’
    12 Jul 2019 Finance
    Heaton admits MoJ's financial state ‘remains challenging’

    Perm sec’s letter to MPs details £321m in adjustments and £900m prisons-repair backlog


    DWP told to probe benefits system support for terminally ill
    11 Jul 2019 Finance
    DWP told to probe benefits system support for terminally ill

    Secretary of state Amber Rudd pledges “fresh and honest” examination with medical and charity input


    MHCLG rapped for lack of oversight on LEP spending to boost local growth
    05 Jul 2019 Finance
    MHCLG rapped for lack of oversight on LEP spending to boost local growth

    Department has “no real understanding” of how well £12bn of pump-priming cash is being used, MPs warn


    Unions seek meeting after government loses final challenge to ‘£4bn’ pension ruling
    02 Jul 2019 Finance
    Unions seek meeting after government loses final challenge to ‘£4bn’ pension ruling

    Appeal had led to delay in revelation of the civil service pension scheme


    HMRC apologises for ‘technical issues’ with Making Tax Digital direct debits
    28 Jun 2019 Finance
    HMRC apologises for ‘technical issues’ with Making Tax Digital direct debits

    Problems affected ‘a very small number’ of the 350,000 businesses now signed up for digital platform, according to perm sec


    Civil servants in Scotland accept 3% pay rise
    20 Jun 2019 Finance
    Civil servants in Scotland accept 3% pay rise

    Staff vote in favour of settlement that represents 3% pay rise


    Cabinet Office guidance sets flexible 2% pay increase for 2019 but unions criticise ‘grudging’ award
    13 Jun 2019 Finance
    Cabinet Office guidance sets flexible 2% pay increase for 2019 but unions criticise ‘grudging’ award

    Individual civil servants’ pay awards could vary depending on where each department decides to target increases


    Government’s Help to Buy scheme ‘benefiting homebuyers who don't need help’
    13 Jun 2019 Finance
    Government’s Help to Buy scheme ‘benefiting homebuyers who don't need help’

    £22bn scheme has exposed the government to significant risk and has tied up significant public financial capacity says NAO


    Foreign Office names new chief economist
    10 Jun 2019 Finance
    Foreign Office names new chief economist

    Former diplomat Kumar Iyer becomes department’s first BAME board member


    UK Export Finance told to stop funding fossil fuel projects
    07 Jun 2019 Finance
    UK Export Finance told to stop funding fossil fuel projects

    MPs warn practice is undermining the nation’s international climate and development targets


    Ofcom chief exec Sharon White to chair John Lewis Partnership
    06 Jun 2019 Finance
    Ofcom chief exec Sharon White to chair John Lewis Partnership

    Former Treasury second perm sec Sharon White to join retailer on far-from-undersold pay package


    Kerslake: UK’s regional inequalities require action on scale of German reunification
    30 May 2019 Finance
    Kerslake: UK’s regional inequalities require action on scale of German reunification

    Commission chaired by former civil service head blasts government’s approach to economic development and calls for new £10bn-a-year fund


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