Councils in North twice as likely to fail
Without extra funds, more English councils are set to go bankrupt – but those in the North are more at risk than councils in the South as regional inequalities are exposed.
Many ICAEW members work in or with the public sector to deliver public priorities and strong public finances. ICAEW acts in the public interest to support strong financial leadership and better financial management across the public sector – featuring transparency, accountability, governance and ethics – to ensure that public money is spent wisely and that public finances are sustainable.
Join the Public Sector CommunityWithout extra funds, more English councils are set to go bankrupt – but those in the North are more at risk than councils in the South as regional inequalities are exposed.
Our chart this week takes a look at how average earnings have risen over the last decade and how they compare with the headline rate of inflation.
The Institute has joined forces with CIPFA-affiliated academic journal Public Money & Management to call for papers on how local government accounts can be used to improve accountability and effectiveness.
ICAEW’s Tax Faculty scans the Spring Budget documents for other tax-related announcements that didn’t make the headlines.
Chancellor cuts national insurance again but defers difficult decisions on public spending until after the general election.
Our chart this week takes a look at the effect of the Spring Budget 2024 on the public finances.
An extension of full expensing to leases is welcome news for businesses in a Budget that delivers nothing unexpected.
The National Audit Office publishes a wide range of reports and we have selected a few that we believe are especially topical and of interest to ICAEW members and the wider profession.