Economists have warned against the introduction of a universal basic income across Scotland as part of a knee-jerk reaction to the coronavirus pandemic.
The UK government deficit could rise to as high as £260bn – about 12% of GDP – this financial year, as a result of the measures taken amid the coronavirus pandemic, economists at PwC have predicted.
The Office for Budget Responsibility has predicted UK GDP could fall by as much as 35% in the second quarter of this year, due to the coronavirus outbreak.
Social care workers in Scotland are set to receive an immediate 3.3% pay increase, backdated to 1 April – following negotiations around increasing their pay to the real living wage.
A London council has raised £80m for its capital investment programme through a private placement, beating the Public Works Loan Board rate despite the turbulent market disrupted by the coronavirus.
Blanket deferrals or non-payment of council tax could have a “serious effect” on council funding in the wake of the coronavirus pandemic, according to the County Councils Network.
The UK government’s job retention scheme, aimed at saving jobs during the coronavirus pandemic, could cost up to three times the amount originally forecast, according to think-tank the Resolution...
Councils in England have urged the UK government to provide clarity that volunteers can support pharmacies in rural areas – to ensure medication reaches at-risk people.
CIPFA is concerned that regulators' refusals to radically simplify the 2019-20 Accounting Code will put public finance professionals under huge pressure and impact 2021-22 budgeting.
Universal Credit needs an “emergency boost” to ensure it can properly support people finding themselves out of work due to the coronavirus pandemic, the TUC has said.
Amid a wave of government announcements around support packages for the NHS during its fight against the coronavirus outbreak, Public Finance rounds up some of the key financial measures being put in...
Bus companies in England will receive up to £167m from the government as it hopes to maintain regular services for people in need during the coronavirus lockdown.
Public sector procurement opportunities fell by 30% in March, as a result of disruption caused by coronavirus, according to government contract analysts Tussell.
The government loans scheme for businesses struggling with finances due to the coronavirus pandemic has been revamped following criticism from industry bodies and unions.
The devolution of almost £2bn in disability benefits to Scotland has been put on hold to allow the health and social care sectors to focus on their response to the coronavirus pandemic.
The government has been urged to get Universal Credit ‘battle ready’ for an unemployment ‘crisis’, after nearly one million people applied to receive UC benefits in just two weeks.
Barking and Dagenham Council chief executive Chris Naylor is to be seconded to Birmingham City Council to take up the role of interim CEO, after the Midlands authority failed to fill the post through...
