By deciding to change the accounting treatment of student loans in public spending totals, the Office for National Statistics has given Philip Hammond a fiscal headache. Martin Wheatley says it is time for government to stop using misleading accounting to flatter the numbers.
The Renewable Heat Incentive inquiry resumed last week after a two-month summer break and is back to grilling senior politicians. James Taylor says the investigators’ recommendations must look beyond the culpability of individuals and propose specific measures to ensure such scandals can’t be repeated.
The Government is reportedly considering an inheritance tax-exempt social care ISA. Lucy Campbell argues that both the policy, and the way it has been developed, show the Government is failing to deal with the challenge of social care funding.
In a week dominated by Brexit and Trump, two dry reports about the UK’s public finances are unlikely to receive a lot of press coverage. But they pose a challenge to government that will endure long after Brexit, argues Martin Wheatley.