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6 May 22
Councils have called for clarity over proposed compensation levels after the government announced it will press ahead with plans to remove large telecom companies and railway services from local...
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7 Apr 22
The Fire Brigades Union and the Local Government Association have urged the government to stop dragging its feet over ‘pension justice’ for fire workers following the landmark McCloud...
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30 Mar 22
The government aims to cut the number of civil servants and reform exit payments, as part of wider plans to deliver £5.5bn of savings, according to a senior treasury minister.
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16 Mar 22
The level of fraud in the government’s Covid-19 loan schemes is around £1.5bn less than previously forecast, according to senior officials at the British Business Bank.
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10 Mar 22
The former Cabinet Office and Treasury minister who resigned in January over the government’s measures to tackle fraud in Covid-19 loan schemes yesterday told MPs that officials and...
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28 Feb 22
An online sales tax to offset the loss of business rates income could raise up to £2.5bn a year and might cover all remote purchases – including those made via mail order and telephone – ...
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27 Jan 22
Continuing weaknesses with financial modelling within Whitehall is putting public value for money at risk, according to the National Audit Office.
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10 Nov 21
The Treasury and Bank of England will consult on the benefits of a digital currency in 2022, the next step towards issuing digital money.
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5 Oct 21
A decision by the government made this week for an economic check could make it harder for local government employers to meet pension obligations, according to an expert.
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22 Sep 21
The Treasury’s inaugural £10bn bond targeting investments in net zero projects, received more than £100bn of bids from the market, according to reports.
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14 Sep 21
The level of scrutiny and financial management placed on the government’s £37bn Test and Trace programme was “disappointing”, according to a senior Treasury official.
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25 Aug 21
Future increases to public service pension contributions should be linked to long-term UK GDP growth, according to industry consultants.
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9 Aug 21
A cabinet politician has poured water on reports of a rift between chancellor Rishi Sunak and prime minister Boris Johnson, though he admitted there is a “creative tension”.
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21 Jul 21
The government’s funding process for its own digital projects hinders long-term planning and makes it difficult to maintain infrastructure, according to the National Audit Office.
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20 Jul 21
The government’s reported proposal to increase national insurance rates to pay for the long-awaited social care reform has been labelled “regressive” and a “rubbish idea” by experts.
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29 Jun 21
The government has proposed a three-year valuation period for business rates, alongside changes to the appeals process, in a bid to make the system more effective.
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24 Jun 21
The government has rejected a proposal by the government actuary that would have allowed greater flexibility in public pension funds’ response to rising costs.
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14 Jun 21
The government has committed to publishing its Green Financing Framework, which will set out new criteria for funding of its forthcoming green bonds, by the end of this month.
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7 Jun 21
The Treasury’s decision to reject a £15bn school recovery programme suggests a broader problem with the UK’s budgeting framework, according to the Institute for Fiscal Studies.
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3 Jun 21
Kevan Collins, the government's education recovery commissioner, has resigned following a "furious" row erupted with the Treasury over the department's rejection of his proposals for a £15bn school...
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28 May 21
The House of Lords Economic Affairs Committee has written to chancellor Rishi Sunak to clarify the working relationship between the Bank of England and department throughout Covid-19.
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19 Apr 21
The Treasury and the Bank of England have launched a joint taskforce to explore the potential of a digital currency.
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25 Mar 21
The government is to retrospectively ban business rates appeals based on a drop in property values due to Covid-19, a move labelled as “scandalous” by rating advisers.
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24 Mar 21
Public service pension schemes will continue to handle separate payments for historic provisions, after the government deemed a potential replacement as too resource intensive.
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19 Mar 21
Public service pensions have become unaffordable for some employees who are forced to opt out of schemes, according to the National Audit Office.