BIP Features »

January 8, 2020 – 6:00 am |

370 people in Coventry and Warwickshire are now back in work after being long-term unemployed thanks to the pioneering work of three local initiatives. 
Go to the main page

Read the full story »
BIP business guides & tools

Please register/login to access content

BIP Access to Finance

Access to Finance,Grants & Business Support

BIP Features

West Midlands business highlights, opportunites and networking

Bips and Pieces

All the best from the web handpicked out by our team, including the World of tech

Business News

Latest West Midlands news affecting your business

Home » Business News

Public Finances Could Impact Economic Recovery, Says ICAEW…

Submitted by on August 29, 2014 – 6:10 am |

Sumita Shah, Public Sector Policy Manager at ICAEW.Commenting on the public sector finances for July 2014, Sumita Shah, Public Sector Policy Manager at ICAEW, said:

“The latest figures are a mixed bag for the government. The deficit for this month is smaller than the same point last year, but longer-term trends show that the government is failing to keep the deficit under control. It is astonishing that public sector net debt, excluding financial interventions, is £97.8bn higher than 12 months ago. If left unchecked, this has the potential to severely impact on our economic recovery in the medium term.

“As we enter into a prolonged election campaign, there is a real danger that the deficit could be neglected in favour of short-term politicking. The government must take steps to reform the Treasury into a modern finance ministry to enforce financial discipline. Only then can the government truly work to fix our public finances and deliver value for money throughout our public services.”

Go to the main page

Tags: , , , , , , , , , , , ,

We use Cookies - By using this site or closing this you agree to our Cookies policy.
Accept Cookies