The Chancellor announced the outcome of the Spending Review on 25 November, following months of work by officials and ministers across government. It marks the next phase in the Government’s plans for this Parliament, building on its manifesto commitments. It will be rounded off with the publication of departments’ business plans (Single Departmental Plans) in January.
How do we build a ‘smarter state’, alongside delivering £20 billion worth of consolidation measures? David Allen, Director of Public Spending at HM Treasury and Deputy Head of the Finance Function, and Johannes Wolff, Deputy Director, explain how HM Government Finance is helping the Civil Service rise to the challenge, developing a new way to break down departmental silos, unlock opportunities and put financial management at the heart of decision making.
If Britain was to match US levels of productivity, our GDP would be boosted by 31% - equivalent to £21,000 a year for every household in the country. Susan Acland-Hood, Director of the Enterprise & Growth Unit, HM Treasury explains why productivity matters and how the government plans to raise productivity and thus boost our economy by ‘Fixing the Foundations’.
Fiscal credibility is key to managing the economy, explains the Chief Economic Adviser to HM Treasury, in conversation with Sir Richard Lambert. In the end, says Dave Ramsden, it’s all about credibility. The Chief Economic Adviser to the Treasury and …