MPs slam poor financial management in free schools

 

If you can't see the Public Finance Daily email below click here to view the web version   News and comment from Public Finance - the official magazine of CIPFA   9 May 2014 | Public Finance Home | Contact us | Sign up         MPs slam poor financial management in free schools Standards of financial management and governance in some free schools are ‘not up to scratch’, the Public Accounts Committee warned today. Chair Margaret Hodge criticised the Department for Education and the Education Funding Agency for setting up a weak oversight regime for the schools...       News Treasury urged to consult on HMRC’s tax-raid powers MPs have raised concerns over government plans to give Revenue & Customs the power to recover taxes directly from taxpayers’ bank accounts, warning that a lack of independent oversight made the scheme ‘wholly unacceptable’... Former minister urges LEP shake up A radical reform to the role of Local Enterprise Partnerships, including giving councils sign-off of economic strategies, is needed to tackle the north-south divide, former Labour housing minister John Healey has said... Scotland: post-independence fiscal deal ‘unsustainable’ A currency union between an independent Scotland and the rest of the UK is unlikely to include either a fiscal pact or a banking union as these would be worthless and unsustainable in the long term, a study has concluded... Public procurement of new nuclear ‘could save £12bn’ Public sector procurement of the Hinkley Point C nuclear power station in Somerset could save taxpayers around £12.4bn over 35 years, a report from the CentreForum think-tank has said... More news     Public Finance International Yellen: US economy on course for solid growth Federal Reserve chair Janet Yellen is upbeat about the outlook of the US economy, telling Congress that ‘many recent indicators suggest that a rebound in spending and production is already under way’ after a harsh winter slowed growth... More international news     Opinion In support of public services, by Rob Whiteman Support roles in public services, such as finance and HR, are vitally important. But they must be enablers of change – focusing on the outcomes needed and not just whether inputs are organised in the right way... It’s not over for the Better Care Fund, by Andy McKeon Reports suggest that the Better Care Fund has been put on hold. But the programme is still likely to go ahead, as too much has been invested in it politically... Free finance and transform services, by Laura Wilkes The biggest barriers to integrating local services are the financial structures. Central government needs to reform the system of local finance and encourage greater innovation... Coalition: the final countdown, by Akash Paun As the coalition government enters its final year in office, what should be the rules of engagement for civil servants caught in the middle of fraught relations between politicians? More opinion     Features Charitable obligations, by John Maddocks The regulator is getting tough with charities in England and Wales that file their accounts late. John Maddocks looks at the importance of transparency and new best practice for trustees due this year... More features     Associate Director of Finance – Financial Services and Assurance Oxleas NHS Foundation Trust  Band 8d: £70,317 - £86,013 + 27 days holiday + NHS Pension Scheme Senior Accountant North Warwickshire Borough Council  £27,323 - £28,922 per annum plus benefits package Senior Accountant Epsom & Ewell Borough Council  £37,739 pa More public finance jobs Jobs: South East Jobs: North West Jobs: East Mid. Jobs: West Mid. More regions CIPFA Publications Events     Click here to unsubscribe from this email