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

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 agreements had led to a bill of £700 ...

07 Sept 2022 at 17:20

City

Warning of £2.6bn business rates ‘cliff edge’ for retail and hospitality firms

Retail and hospitality firms could face a £2.66 billion a year rise in business rates in April, experts have warned. Shops, pubs and restaurants currently receive a 75% relief on their business rates bill, according to Government data, but ...

14 Oct 2024 at 11:53

Reeves announces funding for crumbling schools and childcare ahead of Budget

Rachel Reeves has announced £1.4 billion to rebuild crumbling schools and a tripling of investment in free breakfast clubs as part of her first Budget. The Chancellor said children “should not suffer for” the dire state of the UK’s public ...

27 Oct 2024 at 00:01

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 officials on the ...

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 for Fiscal ...

11 Oct 2022 at 10:31

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 the ...

20 Jul 2023 at 16:17

Ireland

Government defends spending plans after accusations of ‘giveaway Budget’

The Government has defended its spending plans after it was accused of running a “giveaway Budget” ahead of an impending election. Minister for Finance Jack Chambers and Minister for Public Expenditure ...

01 Oct 2024 at 22:40

Chancellor warns of ‘tough road ahead’ as UK teeters on brink of recession

Jeremy Hunt has warned he will be making “eye-watering” decisions after the economy shrank in what is feared to be the beginning of the longest recession on record. The Chancellor warned on Friday of ...

11 Nov 2022 at 10:38

Wes Streeting ‘not remotely happy’ voting to ‘take money away’ from pensioners

Health Secretary Wes Streeting has said he is “not remotely happy” on having to vote to “take money away” from pensioners through cutting winter fuel allowance. Mr Streeting did however share the ...

08 Sept 2024 at 14:59

Scotland

Councils warned over fraud after worker stole £1.1m undetected for 17 years

Scottish councils must learn from the issues that allowed a local authority worker to steal £1.1 million, undetected for 17 years, the Accounts Commission has said. The local authority watchdog ...

09 Jan 2025 at 00:01

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 ...

20 Jul 2023 at 12:41

Years
2026

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

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