Reforming fiscal rules
How the Chancellor sets targets for overall public expenditure and investment, as well as how Treasury controls the way departments spend their allocation of capital and resource budgets is the issue, argues Ross Campbell.
In the latest blog in our online debate series on ‘Public Finance Choices for the Left’, Ross Campbell, ICAEW’s Director of Public Sector, argues that this issue is about how the Chancellor sets targets for overall public expenditure and investment, as well as how Treasury controls the way departments spend their allocation of capital and resource budgets.
There is a significant prospect of a Labour government in the next few years – and of one that is not afraid of challenging the public policy orthodoxies of the recent past. The ‘Public Finance Choices for the Left’ project will explore the public finance dilemmas and options which might face an incoming government, in anticipation that Labour ministers may soon be in power.
Read more about the project here.
