CIPFA is to work on fresh guidance over concerns councils in England are putting public funds at “unnecessary or unquantified risk” when borrowing to invest in commercial property.
The Scottish Government has been warned against further raising the top rate of income tax, which would create greater divergence in the tax system north and south of the border.
The Public Accounts Committee chair has been speaking “behind the scenes to persuade various players” to enhance the scrutiny of local government spending.
Public services will have to receive £19bn a year for the next five years if austerity is to end as the prime minster recently promised, according to the Institute for Fiscal Studies.
A police chief has blamed real terms funding cuts from central government for having to make “unprecedented” cuts in his force’s officer and staff numbers.
Penny Mordaunt has proposed plans to change the rules on aid to include millions of pounds from private investment and “reduce the ask on the public purse”.
Government is increasingly shifting the costs of public services on to citizens as the effects of austerity continue, a CIPFA-backed analysis out today has revealed.
The UK government must be tougher on multinationals so they pay their “fair share” of tax and contribute to the public services their employees use, Margaret Hodge has told PF.
The UK’s public finances are among the weakest in the world after the 2008 financial crash, behind Gambia, Uganda and Kenya, an IMF assessment of assets and liabilities has revealed.
