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PUBLIC FINANCE NEWSLETTER | 11 MAR 2016

Council tax set to rise by 3.1%, CIPFA finds

Council tax in England is set to rise by an average of 3.1% next year, according to an analysis by CIPFA, but residents in London will only see a 0.6% average increase.

NEWS

NHS watchdogs issue savings advice

Monitor and the NHS Trust Development Authority have announced they are to provide additional financial advice and expertise to hospitals in a bid to tackle the £2.3bn deficit in the health service.

NEWS

Budget 2016: NHS funding in the spotlight

A £2.3bn deficit across the NHS in the first nine months of the financial year illustrates the pressure the health service is under. Next week’s Budget may shed more light on the long-term financial picture, says Paul Briddock, of the Healthcare Financial Management Association.

OPINION

ONS urged to improve measurement of the economy in government-backed review

The economy could be larger than official statistics show as measurements fail to effectively capture new forms of activity in the digital economy, according to a government-commissioned review by Sir Charlie Bean.

NEWS

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Scottish deficit almost double the UK’s spending gap, GERS report finds

The collapse in oil prices helped drive up the notional deficit in Scotland’s public finances to almost twice the UK level in 2014/15, according to the annual Government Expenditure & Revenue Scotland (GERS) figures.

NEWS

Osborne’s Budget must continue Whitehall’s devolution drive

The chancellor’s statement next week must be focused on making the most of the UK’s cities if the country is to weather the tough economic climate ahead, according to Centre for Cities chief executive Alexandra Jones.

OPINION

Druckman to leave International Integrated Reporting Council

Paul Druckman, chief executive of the International Integrated Reporting Council, will be standing down from the role, it has been announced.

INTERNATIONAL NEWS

Whitehall told to do more on whistleblowing

MPs have criticised the lack of government action to encourage and support whistleblowers in Whitehall and urged the Cabinet Office to do more to create the right environment for people to come forward with concerns.

NEWS