More than £70m is being wasted across Whitehall every year because civil servants cannot understand the complex financial spreadsheets and models prepared by their colleagues, it has been claimed.
The public sector recorded a surplus of £11.4bn in January, latest figures show, but analysts say the government is still unlikely to meet its borrowing target this year.
The auction of the 4G mobile spectrum raised a third less than forecast in last year’s Autumn Statement, putting the government at risk of missing its borrowing targets, it was revealed today.
Twenty more cities in England are to be given extra economic powers as part of the government’s City Deals programme, Deputy Prime Minister Nick Clegg has announced.
The government’s council finance reforms for England aim to correct the ‘historical anomaly’ that has led to the UK economy being concentrated in London and the Southeast, Deputy Prime Minister Nick...
A third local government pension scheme has joined the Treasury-backed Pension Infrastructure Platform, set up to boost investment in major capital projects.
The Treasury’s accounts are ‘impenetrable’ and high turnover at the department is threatening its ability to manage public spending effectively, MPs said today.
Revenue & Customs has missed its own target to cut fraud and error in tax credits, with more than £2bn in incorrect payments made in 2010/11, the National Audit Office said today.
Jobcentre staff coped well with the rise in unemployment following the financial crisis but could still be more efficient, the National Audit Office has concluded.
The public sector loses billions from fraud each year as criminals exploit technology to further their ends. But IT is also helping the good guys catch up
Health Secretary Jeremy Hunt today set out details of the government’s plans to overhaul inspections of NHS hospitals in England following the ‘disaster’ of failures in care at the Mid Staffordshire...
An independent Scotland should stick with sterling although this would mean agreeing some fiscal and spending policies with the rest of the UK, a commission set up by First Minister Alex Salmond...
‘Far too many’ fit-for-work assessments are wrong, causing misery to benefits claimants and costing taxpayers, the Public Accounts Committee said today.
MPs have criticised the Department of Health’s ‘extraordinary’ decision to approve a Private Finance Initiative hospital in Peterborough in 2007 while another hospital was in financial difficulty...
The impact of cuts on Revenue & Customs’ ability to collect tax and support the government’s Universal Credit programme are uncertain, auditors warned today.
Public sector job losses are set to be 300,000 higher by the end of 2017/18 than currently predicted, according to the Institute for Fiscal Studies’ annual analysis of the government’s spending plans.
