Our chart this week illustrates how company dissolutions continue to outpace incorporations as the economy remains in first gear.
Government’s unpreparedness for extreme weather events limits its ability to demonstrate whether value for money is being achieved.
As the backlog of incomplete local audits continues to grow, Public Sector Audit Appointments Chair calls for “extraordinary intervention” to get the system back on track.
Economic conditions remain challenging despite a dramatic drop in inflation and a positive Autumn Statement. ICAEW’s Economies Director Suren Thiru discusses the implications.
It has been quite a year for local authorities as their finances, accounts and audit arrangements have all been put to the test.
26 November 2020: The Office for Budget Responsibility presented its latest economic and fiscal forecasts to accompany yesterday’s Spending Review. As expected, the forecasts were far from pretty.
25 November 2020: The long-awaited National Infrastructure Strategy and the government’s response to the National Infrastructure Assessment were finally published yesterday alongside the Spending Review.
24 November 2020: Major fiscal events can be confusing for those not familiar with the public finances – this brief explainer may help.
16 November 2020: Alison Ring, ICAEW’s director for public sector, has written to the Chief Secretary to the Treasury ahead of the Spending Review to stress the importance of investment in infrastructure, data and financial management.
17 September: European Commission President Ursula von der Leyen used her first set-piece ‘State of the European Union’ speech yesterday to outline her vision for the coming years and make several ambitious policy announcements. Susanna Di Feliciantonio, ICAEW Head of European Affairs, reviews the key points.
20 November 2020: The #icaewchartoftheweek takes a look at the Irish Government’s fiscal plans for 2021 and how it plans to tackle the twin headwinds of COVID and Brexit.
30 October 2020: The US federal government spent $3.1tn more than it received in the year to 30 September 2020, more than three times the $1.0tn deficit incurred in 2019.
Reports and analysis
ICAEW welcomes the publication of the Whole of Government Accounts for 2018-19, the UK Government’s annual financial report for the year ended 31 March 2019.
On 18 July 2019, the Office for Budget Responsibility (OBR) published its second fiscal risks report. The fiscal risks report provides an analysis of the economic and policy risks facing the public finances, including a ‘fiscal stress test’, setting out how the fiscal numbers might react to a no-deal Brexit.
A collection of independent essays and an ICAEW/PwC call for EU reform.
Synopsis of the Global Financial Stability and Public Debt.
This survey provides a unique picture of the views of 10,000 Europeans on intergenerational fairness.
Ensuring intergenerational fairness is one of the biggest challenges facing European policymakers today. Citizens are increasingly worried that they and their children may end up worse off than previous generations, challenging a key premise that has long underpinned societies: each successive generation would become better off than the one before.
Download Sustainable Public Finances – EU Perspectives: 7 Key Insights.
Policy insight examining the view that infrastructure needs to be a central priority for policymakers given the increased economic uncertainty that has emerged following the decision of the British people to leave the EU.