Heald D, Geaughan N
Public Money & Management, (UK), Jul-Sep 97 (17/3)
Start page: 11 No of pages: 6
Starts with drawing some conclusions regarding technical issues surrounding the use of public finance in public services: that it will bring cost savings and be more cost-effective than public finance; that there has to be clarity regarding value-for-money; that there are differences between projects with genuine third-party payers and those where costs fall on the budget.
The future of financial regulation in Europe has been tackled by the new Financial Services Authority.
Fresh from assuming responsibility from the Bank of England for the supervision of banks, the FSA set its sights on ensuring it works closely with the wider European control mechanisms for financial regulation.
New data on deprivation has been published by the DETR which its authors say offers far more accurate pinpointing of poverty than before. The 1998 Index of Local Deprivation matches new local authority boundaries and its information will be used to target services to those who need them.
The information trawl and method of measurement was sensitive enough to identify small pockets of severe deprivation in otherwise well-to-do areas.