UK aircraft carrier groups won't be operating to full extent until 2026

26 June 2020: NAO reports on challenges remaining to the Carrier Strike programme, including cost overruns since their last report in 2017.

Public debt exceeds 100% of GDP for first time since 1963

22 June 2020: The fiscal deficit of £103.7bn for April and May 2020 is over six times as large as the £16.7bn reported for the same period last year.

Local audit market just isn't sustainable

11 June 2020: A recent ICAEW webinar, led by consultants Touchstone Renard, highlighted the major challenges confronting the local public sector audit market at a time when greater scrutiny is more important than ever.

ICAEW publishes Fiscal Insight on coronavirus and the public finances

28 May 2020: huge economic shock combined with unprecedented fiscal interventions are driving a global and UK fiscal crisis.

April public finances awash with red ink

27 May 2020: fiscal deficit of £62.1bn in April exceeds budget of £55bn for the whole of 2020-21.

Revised minimum reporting requirements for public sector

22 May 2020: HM Treasury have issued an addendum to the 2019-20 Financial Reporting Manual (FReM) that set out new minimum reporting requirements for public sector bodies.