CIPFA clashes with government over council spending
CIPFA and government disagree over accounting for 'austerity' spending cuts
CIPFA and government disagree over accounting for 'austerity' spending cuts
PUBLIC ACCOUNTANCY institute CIPFA has clashed with the government over its interpretation of council spending in the wake of budget cuts.
The Department for Communities and Local Government highlighted the net current expenditure figure – down 2.6% to £118.1bn – to illustrate lower spending in local government. Meanwhile, Cipfa chose to underline the fall in total service expenditure, a drop of 5.7% to £99.5bn, the Local Government Chronicle reports.
CIPFA said it chose this measure because it best reveals “the impact of council spending on services”, but a CLGD spokesman countered: “Service expenditure only includes part of the expenditure local authorities need to finance, whereas net current expenditure covers all aspects of current expenditure going through local authorities.”
Both parties agree that council spending has fallen since austerity bit: local authorities in the north-west and north-east made the biggest cuts – 7.8% and 6.9% respectively – while councils in the south-east (excluding London) reduced the least at 3.2%.
More about:
The numbers you crunch tell a story. Your expertis...
13yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleAs Brexit secretary Davis has his work cut out for him and will be overseeing Brexit negotiations before the UK officially departs from the EU in Marc...
View articleWhile EU and domestic responses have been derisive of the government’s perhaps wishful positions, industries have welcomed the arrangements outlined i...
View articleGovernment spending this tax year to date has surpassed forecasts, and debt continues to rise, but this is partly allayed by increased tax revenues Re...
View articleMarkets can be expected to respond positively to US policy changes on the horizon, according to investment director at a boutique investment business ...
View articleMany working in professional services have received honours this new year from the Queen Read More...
View articleDavid Gauke promoted to chief secretary to the treasury as accountants get top roles in Theresa May's new look cabinet Read More...
View articleThe UK’s top civil servant has held talks with KPMG, EY and consultants McKinsey as part of efforts to prepare for Brexit Read More...
View articleCIPFA and ICAS are working together to provide opportunities for CIPFA members to enhance their skill set and support them in their career ambitions. ...
View article