Articles tagged with: Treasury

Public Property Summit: Minister backs councils sharing services
1/11/10 12:35 pm

The government wants to see more public bodies working closely together and this will lead to more opportunities for the private sector, a Treasury minister said today.
Justine Greening, economic secretary at the Treasury, was making a speech at the Public Property Summit this morning. She said the government supported plans …

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Councils to keep their own council house income
5/10/10 3:20 pm

Housing minister Grant Shapps has today announced that local authorities will be given freedom to spend council housing revenues as they want, rather than handing them back to central government.
Under proposals set to be introduced in the forthcoming localism bill, the government will remove the obligation to pay council house …

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1/10/10 9:32 am

The London Development Agency has completed a deal that sees 500 acres of land transferred to the Olympic Park Legacy Company (OPLC).
On Wednesday night, the LDA handed over the freehold to the Olympics site, worth hundreds of millions, after a long-protracted process that had been held back by a Treasury …

20/09/10 4:39 pm

Deputy prime minister Nick Clegg has announced that local authorities will be given the freedom to borrow against future tax increases in order to fund development.
In a speech to the Liberal Democrat conference today in Liverpool, Clegg said that Tax Increment Financing (TIF) would be introduced in England as part …

20/08/10 2:48 pm

In a recent editorial comment, one national newspaper seemed to mock the Treasury’s plans to rationalise the office it space it occupies by requiring staff to work at smaller desks.
For those familiar with the Treasury building, the opportunity to increase efficiency by ensuring that the floor space is properly utilised …

13/08/10 12:01 am

Topshop founder Sir Philip Green is to lead an efficiency review of government spending, including an examination of leases and property.
The Cabinet Office has announced today that Green, the founder of retail group Arcadia, will conduct an investigation into the last three years of public spending, identifying inefficiencies and potential …

27/07/10 10:56 am

Scottish ministers are looking for UK government support to make the Crown Estate more accountable.
On Sunday, members of the Scottish parliament raised concerns with the coalition government over the Crown Estate’s lack of accountability to Scottish ministers despite its managing of the whole seabed up to 12 miles from shore …

6/07/10 11:20 am

Government departments have been asked to draw up a “doomsday” scenario of 50% cuts to their administrative budgets, including property costs, by the end of July.
Chief secretary to the Treasury Danny Alexander has told cabinet ministers to submit plans for halving costs including spending on …

Replace quangos with green bank, says Wigley commission
29/06/10 12:36 pm

Quangos including the Carbon Trust and the Energy Technologies Institute should be scrapped to fund a new green investment bank, according to government adviser Bob Wigley, chair of the Green Investment Bank Commission and Yell.com.
Today, Wigley’s commission, which was set up by chancellor George Osborne in 2009, has published a …

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22/06/10 3:28 pm

What it is
Chancellor George Osborne has published his Emergency Budget, setting out plans for reducing the UK’s budget deficit.
When it came out
22 June 2010
Why it is important
This spells out the new coalition’s agenda for cutting costs and raising taxes in detail for the first time. It features important moves for …