Page 7 - Alison Ring News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A difficult winter ahead for the public finances 23 December 2020: The UK public sector incurred a £31.6bn deficit in November, bringing the total shortfall over eight months to £240.9bn. Debt reached an all-time high of £2.1tn. Commenting on the latest public sector finances for November 2020, published on Tuesday 22 December 2020 by the Office for National Statistics (ONS), Alison Ring sector director at ICAEW, said:  “A slightly more optimistic forecast for GDP from the Office for Budget Responsibility last month resulted in the UK’s debt to GDP ratio b...

Government gives green light to Redmond Review recommendations 22 December 2020: The government has responded positively to Sir Tony Redmond’s review into the effectiveness of external audit and transparency of financial reporting in local authorities, with some of the recommended reforms starting in 2021. On 17 December 2020, the Ministry for Housing, Communities and Local Government (MHCLG) published its response to Sir Tony Redmond’s independent review of local authority audit and financial reporting. The response reconfirms the importance of external audit ...