Signs of business rate reform point to delay

Article Abstract:

It will take the UK government some time to consider how to meet its election manifesto commitments to make changes to the system for giving grants to local councils, abolish council-tax capping and return the business rate to local control. Indeed, the results of its review of local government finance will not be implemented until the grant settlement for 1990 to 2000. Councils would welcome a relaxation of the council-tax capping system, but some observers believe that this will not happen in the near future. Local government officials have high expectations of the government, but these are likely to remain unfulfilled.

United Kingdom, Government spending policy, Local government

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Time to remove the veil on Whitehall's spending

Article Abstract:

The General Government Financial Deficit (GGFD) would be a much more reliable indicator of the state of UK government finances than the Public Sector Borrowing Requirement (PSBR), according to the Confederation of British Industry (CBI) and leading economists and accountants. The GGFD does not include market borrowing carried out by public corporations and local authorities, and would therefore permit them a higher degree of flexibility than the PSBR does. Furthermore, the PSBR is only used in the UK, while the GGFD is internationally recognized.

Public sector

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The man making Whitehall assets count

Article Abstract:

The UK government is making good progress towards adopting resource accounting methods, according to Treasury chief accountancy adviser and principal finance officer Andrew Likierman. However, government departments which have a very large asset base are still experiencing difficulties. Training in accountancy skills has been introduced in all government departments, with particular emphasis on managers who are implementing resource accounting and budgeting.

Accounting Methods, Accounting, Interview, Likierman, Andrew

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