Ahead of the Spring Budget, CIPFA sets out its top five recommendations for the chancellor:
- There needs to be a detailed assessment of the impacts and costs of leaving the EU on all parts of the public sector in England and the devolved nations.
- Budgeting should focus on the medium to long term, with strategic investment to stimulate economic growth – this should include long-term preventative measures to improve the sustainability of health finances.
- All public sector organisations should be allowed to use their resources flexibly in order to support service delivery, including greater flexibilities for local government to borrow to invest.
- Further to the above, to tackle the housing crisis, there must be more flexible investment, sustainable rent policies and retention of assets.
Please find attached the full briefing.
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CIPFA, the Chartered Institute of Public Finance and Accountancy, is one of the leading professional accountancy bodies in the UK and the only one which specialises in the public services. It is responsible for the education and training of professional accountants and for their regulation through the setting and monitoring of professional standards.
Uniquely among the professional accountancy bodies in the UK, CIPFA has responsibility for setting accounting standards for a significant part of the economy, namely local government. CIPFA’s members work (often at the most senior level) in the public service bodies, in the national audit agencies and major accountancy firms. They are respected throughout for their high technical and ethical standards and professional integrity. CIPFA also provides a range of high quality advisory, information and training and consultancy services to public service organisations. As such, CIPFA is the leading independent commentator on managing and accounting for public money.