The government is selling assets on an unprecedented scale but, given the equally large scale of its new loans and other initiatives, the overall projected net effect is a £200m increase in borrowing.
The NAO’s findings from its investigation into whether £1.3m of donations from a charity, the William Openshaw Street Foundation, were eligible to be matched with funds from the Cabinet Office’s Grassroots Grants Programme.
The government continues to lose large amounts of money through fraud and error overpayments and many vulnerable people get less support than they are entitled to.
With the number of further education (FE) colleges in financial difficulty expected to rise rapidly, there are fundamental structural problems which might require decisions at a regional or sector-wide level.
Skills Funding Agency accounts qualified as £50m paid in advance to FE Colleges
The Ministry of Defence’s strategy for improving its financial management has put its finances on a sounder footing and is delivering results, but there are still considerable challenges ahead, including delivering the savings already removed from budget allocations.
Amyas Morse, the Comptroller and Auditor General, has today issued a report on the 2014-15 accounts of HM Revenue & Customs.