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    Finance

    Keep up-to-date with the latest Finance news from Civil Service World
    Treasury seeks technical efficiencies of ‘at least 1% a year’ from departments
    28 Apr Finance

    Treasury seeks technical efficiencies of ‘at least 1% a year’ from departments

    Perm sec tells MPs “stretching and realistic” Spending Review targets are being worked up with the Office for Value for Money
    by Jim Dunton
    OBR chief in line for another five-year term
    02 Jun Finance
    OBR chief in line for another five-year term
    UK aid is ten times more scrutinised than other government spending
    12 May Finance
    UK aid is ten times more scrutinised than other government spending
    ‘Lessons being learned’ over GPA spending-control failings, MPs told
    01 May Finance
    ‘Lessons being learned’ over GPA spending-control failings, MPs told
    07 Mar 2012 Finance
    Balls: ‘Free Bank boosted Treasury’

    Shadow chancellor Ed Balls said at Queen Mary University last week that granting the Bank of England independence in 1997 “increased the power of the Treasury, because it allowed the Treasury to say: ‘Well, I see you want to make that decision, prime minister, and I can see why you’d want to do that, but I’m not sure the independent Bank of England will wear it.”


    74% of SCS oppose clawback of fraud and error savings
    22 Feb 2012 Finance
    74% of SCS oppose clawback of fraud and error savings

    A poll by CSW, carried out in partnership with analytics company SAS, has found that 74 per cent of senior civil servants and 73 per cent of all civil servants believe that departments and agencies would be better incentivised to tackle fraud and error if they were allowed to keep some of the savings.


    Exclusive: Committee chairs criticise departmental report responses
    22 Feb 2012 Finance
    Exclusive: Committee chairs criticise departmental report responses

    Departmental select committee chairs have provided mixed reviews of the departments they scrutinise for a Civil Service World Special Report, which has found that 40 per cent of them are dissatisfied with departments’ responses to their reports.


    Hodge welcomes accounts, but NAO concerned on efficiency drive
    08 Feb 2012 Finance
    Hodge welcomes accounts, but NAO concerned on efficiency drive

    Public Accounts Committee (PAC) chair Margaret Hodge yesterday welcomed the publication of the Whole of Government Accounts (WGA), calling them a “major step forward in improving transparency and accountability.”


    Douglas: finance central to reform plans
    08 Feb 2012 Finance
    Douglas: finance central to reform plans

    Finance skills should be central to the civil service reforms now being developed by head of the civil service Sir Bob Kerslake, the head of the government finance profession has said. Speaking in a CSW interview, Department of Health finance chief Richard Douglas said: “I’m hoping and expecting that Bob Kerslake will take [finance skills] forward as a key plank of civil service reform.”


    NAO chief raises data quality worries
    08 Feb 2012 Finance
    NAO chief raises data quality worries

    National Audit Office chief Amyas Morse has raised concerns about the quality of data departments will receive under new systems designed to ensure accountability in devolved service provision.


    Fraud strategy makes spend-recovery audits compulsory
    08 Feb 2012 Finance
    Fraud strategy makes spend-recovery audits compulsory

    All departments, agencies and non-departmental bodies will have to commission private companies to conduct ‘spend-recovery’ accounts in search of fraudulent or mistaken payments, Cabinet Office minister Francis Maude announced on Monday at the launch of the government’s Fraud and Error Strategy.


    Douglas: finance central to reform plans
    08 Feb 2012 Finance
    Douglas: finance central to reform plans
    Senior consultants under scrutiny for tax arrangements
    07 Feb 2012 Finance
    Senior consultants under scrutiny for tax arrangements

    Treasury chief secretary Danny Alexander has ordered a review into the salary arrangements for “all senior consultancy appointments” after the revelation Ed Lester, chief executive at the Student Loans Company (SLC), was paid through a consultancy firm in order to reduce tax on his salary package.


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