Magazine article Public Finance

News in Brief

Magazine article Public Finance

News in Brief

Article excerpt

Ministers ShOUld abolish the Child Trust Fund rather than scrapping benefits, services or tax credits, the Institute for Fiscal Studies has said. The scheme gives newborn children grants of up to £1,000, which are released when they reach adulthood. IFS deputy director Carl Emmerson praised the initiative for investing in young people, but argued 'abolishing the CTF could be one of the less unattractive options' for saving money. See PF blog

Staff at Portsmouth City Council have been banned from looking at social networking sites including Facebook. Figures showed the organisation's 4,500 staff spent an average of 400 hours a month looking at the sites. Although this equates to a monthly average of less than six minutes per user, the council has ruled that the sites can be accessed only by staff presenting a genuine business case.

The Chair ofthe National Trust for Scotland has left the organisation. Shonaig MacPherson, who has faced opposition over cost-cutting measures, announced on September 3 that she would be stepping down before a major review ofthe trust's governance structure and its future role. …

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