This event is part of a four-part series of breakfast seminars on Financing the Big Society
On 28 July, as part of our Big Society Public Services series, the Institute for Government, NESTA and the Design Council hosted a seminar on the future of Welfare in light of the Big Society agenda. This page contains an overview of the
Successful fiscal consolidation requires a supportive institutional framework to guide the UK towards sustainable public finances. International experience offers a number of insights into how fiscal institutions can help to restore aggregate fiscal discipline, as well as to enhance allocative and operational efficiency.
Whether it's a fourth term of the existing administration or a new government, the Civil Service will be thinking about the implications and how best to prepare for and respond to possible change
The state of the public finances will create greater pressure to identify and address low productivity spending. This seminar looked at how measuring activity and productivity within a sector (education), an organisation (a Foundation Trust) and at a programme level (community safety) might lead to productivity improvements.
An independent agency with responsibility to monitor public finances could provide data and objective advice on budgetary matters. What would an agency look like, who would it report to and what effect would it have on improving the management of public expenditure?