Budget brings fresh cuts, both direct and indirect, for public services

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PUBLIC FINANCE NEWSLETTER | 16 MARCH 2016

Budget brings fresh cuts, both direct and indirect, for public services

Chancellor George Osborne has announced he will be imposing further spending cuts in an effort to make additional savings of £3.5bn by 2019/20, as part of today’s Budget.

NEWS

Osborne is a chancellor who is losing control

This Budget suggests George Osborne is off his game and in denial about the effects of spending cuts on economic growth, writes Dan Corry.

OPINION

Budget takes small firms out of business rates

Small businesses are to be exempt from business rates from next April in a move that will reduce the revenue raised – which is 50% retained by councils – by £6.7bn over the next five years, George Osborne has announced.

NEWS

Certainty isn’t what it used to be for councils

The chancellor made great play of delivering stability, but after today's announcements this feels further away than ever for local government, says Jonathan Carr-West.

OPINION

Senior Auditor
£20,849.00 - £30,978.00 | Gloucestershire County Council

Head of Finance and Operations
£40,000 - £45,000 pro rata DOE | Michael Page Finance

Senior Management Accountants x 2
Grade 17 £52,425 - £54,402 | London Borough of Croydon

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Government misses two fiscal targets, OBR reveals

Chancellor George Osborne has breached two of his three fiscal targets, with objectives on debt and welfare spending missed, according to the Office for Budget Responsibility.

NEWS

Osborne’s recipe for kids: less sugar, more sport, more maths

Soft drinks manufacturers will have to pay a “sugar tax” on their products, expected to net the Treasury £520m, George Osborne told MPs in his Budget statement today.

NEWS

Lifetime ISA for under-40s to prop up pensions and first-time buyers

The government will add £1 to every £4 saved using the new ‘Lifetime ISA’ announced in the Budget.

NEWS

Go-ahead given to High Speed 3 for North

The Treasury has given the green light to plans set out by the National Infrastructure Commission for a High Speed 3 rail network in the North of England.

NEWS

Budget garners mixed response in Scotland but oil help welcome

The Budget received the traditional mixed reception in Scotland, though with a broad welcome for the help given to the struggling North Sea oil & gas sector.

Budget brings fresh cuts, both direct and indirect, for public services

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