Around £48bn of spending cuts or tax increases are needed to put the government’s deficit reduction plan back on track, a report by two think-tanks revealed today.
The move by the Treasury to claim the surplus cash from the Bank of England’s quantitative easing programme is likely to cut public sector net borrowing in the short term, the Office for Budget...
Three prisons set to be outsourced to the private sector are to remain in public hands and a fourth, the G4S-run Wolds, will be taken over by the state, it has emerged.
Universities recruited fewer students than they expected in the first year of higher tuition fees but should be financially secure for the next couple of years, a report on higher education finances...
Auditors have qualified the Whole of Government Accounts for the second consecutive year due to ‘significant issues’ with the quality and consistency of the data used in the financial statements.
The four ‘whole place’ Community Budget pilots in England have submitted their final reports, urging the government to approve their proposals for the next stage.
All two-tier local authority areas in England should become unitaries, former deputy prime minister Lord Heseltine said today in his wide-ranging review of the UK’s growth policy.
Ministers have been urged to let councils across England take on more economic development powers as part of the City Deals programme, after 20 areas were shortlisted yesterday for greater devolution.
The UK government has no contingency plans in its Trident replacement programme for Scotland voting ‘yes’ in the independence referendum, Defence Secretary Philip Hammond claimed today.
The government’s £40bn programme of funding guarantees for major infrastructure projects could be expanded if the scheme is over-subscribed, according to Chief Secretary to the Treasury Danny...
