All the updated news related to public finances

All the news related to public finances updated in real time

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Scotland

Not fair to judge civil servants now over missing ferry document, MSPs told

Scotland’s new top civil servant has said it wouldn’t “be fair” for him to judge staff who failed to document a key decision over the awarding of a £97 million ferry contract which could cost as much as £250 million. John-Paul Marks, who took up the ...

03 May 2022 at 15:25

Scotland

New top civil servant to appear before Holyrood committee

Scotland’s new top civil servant will appear before a Holyrood committee for the first time on Tuesday, after his predecessor was deemed unable to. Permanent Secretary John-Paul Marks will give evidence to the Public Finance and Administration ...

03 May 2022 at 03:55

Scotland

New laws on business borrowing will give ‘real and practical help’ to firms

Legislation which will deliver “real and practical help” to businesses by making it easier for them to raise finance has been passed by Holyrood. The new law will make it easier for firms to borrow cash against assets, such as machinery. But ...

04 May 2023 at 18:01

Funding of monarchy recalculated after Crown Estate’s boost from wind farm deals

The Sovereign Grant – used to fund the monarchy’s official duties – will be 12% of the Crown Estate’s net profits next year, down from 25%, the Treasury has announced. The change has been introduced following a significant boost in the ...

20 Jul 2023 at 12:41

‘No plans’ for reduction of corporation tax in Northern Ireland – Murphy

There are no current plans to cut corporation tax in Northern Ireland, the Stormont Economy Minister has said. Conor Murphy was speaking as he outlined his economic vision for the region in the remaining three years of the Assembly ...

19 Feb 2024 at 15:26

UK economic growth forecasts for 2024 set to be downgraded after recession

The UK’s official forecaster is expected to slightly downgrade its short-term growth predictions for the sluggish UK economy, according to leading economists. The lower growth predictions are set to result in reduced tax revenues ...

05 Mar 2024 at 12:04

Affordable housing target remains ‘important’ despite funding cut – Robison

Affordable housing target remains ‘important’ despite cut, says Robison

The Scottish Government’s affordable housing target remains “important”, the Deputy First Minister has said, despite a more than £200 million cut to the housing budget. Shona Robison – who also serves as the country’s Finance ...

20 Dec 2023 at 12:26

Scotland

Government officials challenged over ‘out of kilter’ costs for policing Bill

Scottish Government figures on the costs of policing reforms have been branded “vastly out of kilter” by an MSP scrutinising legislation. Members of the Finance and Public Administration Committee quizzed Government ...

26 Mar 2024 at 15:37

Kwarteng faces finding £60bn of public spending cuts, says IFS

Chancellor Kwasi Kwarteng will have to find spending cuts of more than £60 billion if he is to meet his target to get the public finances back under control, a leading economic think tank has warned. The Institute ...

11 Oct 2022 at 10:31

Scotland

Budget cuts of £500m following new pay awards – Swinney

Savings of around £500 million will be made in the Scottish Government’s planned spending following new pay awards for public sector workers, John Swinney has said. The Deputy First Minister said the new pay ...

07 Sept 2022 at 17:20

No ‘fat’ to cut from public services, warns new report

Experts have warned that there is no real “fat” for new Chancellor Jeremy Hunt to cut as he seeks savings ahead of the fiscal plan later this month. The new Chancellor, who stepped into the role after Kwasi ...

17 Oct 2022 at 07:53

Funding of monarchy recalculated but Royal Household could get nearly £80m extra

The funding of the monarchy is to be reduced from 25% to 12% of the Crown Estate’s net profits – but the Royal Household is still expected to benefit from a boost of nearly £80 million. A change to the way ...

20 Jul 2023 at 16:17

Years
2025

Related keywords
john paul marks
kenneth gibson
leslie evans
public finance and administration committee
scottish government

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