CIPFA has noted that, “as expected”, the Chancellor’s speech was a political announcement rather than an economic budget event, doing little to help move the needle in boosting public sector productivity. In an official statement, CIPFA noted that the announcement was “backward-looking” and “lacking” the long-term vision required to ensure the resilience and sustainability of public services.
CIPFA has repeatedly called for financial reform to fix the failings of our crumbling public sector. The focus on boosting productivity in public services is welcome, however, building an economy that is resilient to future shocks requires strategic and sustainable investment.
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Commenting on this, CIPFA CEO, Rob Whiteman, said: “The budget kicks the real decisions into the long grass by not resolving the sources of funding that will pay for today’s tax cuts.
“Given the uncertainties around the economic and fiscal projections, any significant changes before a general election could further impair clarity around sustainability of the public finances.
“It continues to operate on a short-term basis leaving public services to keep delivering more with less and less resources and a central government unable, or unwilling, to act.”
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By GlobalData
