Menu
23/04/2012
Government Departments Asked To Find A Further £16bn In Savings
All governments departments have been asked by the Treasury to identify about £16bn more savings which could be made if needed to pay for any unforeseen events.
Danny Alexander, chief secretary to the Treasury, says they must identify 5% of their budgets as part of measures to tighten financial management.
Departments will also be expected to monitor and share spending information with the Treasury on a monthly basis.
He said the UK finances would never again be allowed to get into "a mess".
Outlining the changes in a speech to the Institute of Fiscal Studies think tank, Mr Alexander stressed the importance of "fiscal discipline".
"In an environment of economic uncertainty, with ongoing instability in the eurozone, the UK's large deficit remains a crucial economic vulnerability," Mr Alexander said.
"It remains a clear and present danger to stability."
(H)
Danny Alexander, chief secretary to the Treasury, says they must identify 5% of their budgets as part of measures to tighten financial management.
Departments will also be expected to monitor and share spending information with the Treasury on a monthly basis.
He said the UK finances would never again be allowed to get into "a mess".
Outlining the changes in a speech to the Institute of Fiscal Studies think tank, Mr Alexander stressed the importance of "fiscal discipline".
"In an environment of economic uncertainty, with ongoing instability in the eurozone, the UK's large deficit remains a crucial economic vulnerability," Mr Alexander said.
"It remains a clear and present danger to stability."
(H)
Related UK National News Stories
Click here for the latest headlines.
07 July 2009
Anti-Poverty Plan Will Help World's Poorest
A new poverty action plan to help the world's poorest people cope with the economic crisis was announced today by International Development Secretary Douglas Alexander.
Anti-Poverty Plan Will Help World's Poorest
A new poverty action plan to help the world's poorest people cope with the economic crisis was announced today by International Development Secretary Douglas Alexander.
06 November 2014
Treasury Secretary To Urge Oil Companies To Reduce Prices
The Chief Secretary to the Treasury, Danny Alexander, said he will appeal to oil companies to pass on savings to consumers. Mr Alexander said that while the price of oil has fallen from $115 per barrel to around $84 per barrel, or around 25%, petrol prices have only come down by around 6%.
Treasury Secretary To Urge Oil Companies To Reduce Prices
The Chief Secretary to the Treasury, Danny Alexander, said he will appeal to oil companies to pass on savings to consumers. Mr Alexander said that while the price of oil has fallen from $115 per barrel to around $84 per barrel, or around 25%, petrol prices have only come down by around 6%.
15 September 2011
Gov Closes Dividend Loophole
The Government has today announced it is introducing new legislation, effective from Thursday, to block a potentially lucrative tax avoidance scheme for businesses.
Gov Closes Dividend Loophole
The Government has today announced it is introducing new legislation, effective from Thursday, to block a potentially lucrative tax avoidance scheme for businesses.
17 June 2011
Public Sector Pensions Due To Rise To 66
The public sector retirement age will come in line with state pension age, the Treasury Minister, Danny Alexander is to confirm. The move means the public sector pensions age will rise to 66. Even though Ministers say the plans are "fair and affordable", the descision has been criticised by unions, who described on-going talks as "inflammatory".
Public Sector Pensions Due To Rise To 66
The public sector retirement age will come in line with state pension age, the Treasury Minister, Danny Alexander is to confirm. The move means the public sector pensions age will rise to 66. Even though Ministers say the plans are "fair and affordable", the descision has been criticised by unions, who described on-going talks as "inflammatory".
21 November 2011
Chief Praises Four Officers Stabbed In London
The four police officers that were injured as they dealt with a violent man in Kingsbury on Saturday have been praised for their bravery by their commander. The incident occurred on Saturday morning when the 32-year-old man with a large knife was believed to have struck out at officers trying to subdue him.
Chief Praises Four Officers Stabbed In London
The four police officers that were injured as they dealt with a violent man in Kingsbury on Saturday have been praised for their bravery by their commander. The incident occurred on Saturday morning when the 32-year-old man with a large knife was believed to have struck out at officers trying to subdue him.
-
Northern Ireland WeatherToday:A few fog patches at first, soon clearing to leave a dry day with some patchy cloud and good sunny spells. Light and variable winds. Feeling mild in sunny spells. Maximum temperature 14 °C.Tonight:Dry and quite chilly overnight under prolonged clear spells and light winds. This will allow a few fog patches to develop in places. Minimum temperature 2 °C.
