Search results for 'Asset sales and privatisation'

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  3. Network Rail’s sale of railway arches

    Report Value for money

    Published on:

    This report examines the value for money of Network Rail’s sale of a major part of its commercial real estate portfolio.

  5. The Green Investment Bank

    Report Value for money

    Published on:

    This examines whether the Department for Business, Energy & Industrial Strategy has achieved the objectives of the UK Green Investment Bank intervention, and whether UK Government Investments has achieved value for money in the subsequent sale of the Bank.

  6. The sale of student loans

    Report Value for money

    Published on:

    This report considers the value for money of the sale of student loans that entered repayment between 2002 & 2006.

  7. Key findings from an investigation into low- and medium-value property sales

    Report Value for money

    Published on:

    The NAO has carried out an investigation into whether government bodies are achieving market value prices from property sales. This investigation looks at a small sample of government property sales of £1 million or less from 2014-15 and 2015-16.

    18 September 2017

  8. Financial institutions landscape

    Report Value for money

    Published on:

    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.

  9. The sale of Eurostar

    Report Value for money

    Published on:

    The sale of Eurostar generated proceeds of £757m. The government prepared well for the sale and achieved its objectives to maximise proceeds. The sale illustrates some general lessons for government as it embarks on its asset sales programme.

  10. The economic regulation of the water sector

    Report Value for money

    Published on:

    Since privatisation, Ofwat and Defra have overseen major improvements in water quality and service quality. Customers have seen a marked rise in bills but not the benefits of companies’ unexpected financial gains.

  11. Disposal of public land for new homes

    Report Value for money

    Published on:

    A programme to sell enough government land by March 2015 to build a potential 100,000 homes did not collect information on the amount of money raised or how many homes have actually been built. In future land sales, responsibility for monitoring what happens to land after disposal should be made clear.

  12. The first sale of shares in Lloyds Banking Group

    Report Value for money

    Published on:

    The Government’s first sale of shares in Lloyds Banking Group was managed very effectively by United Kingdom Financial Investments Limited.

  13. The Privatisation of Royal Mail

    Report Value for money

    Published on:

    The Department was successful in floating Royal Mail. But its approach was marked by deep caution, the price of which was borne by the taxpayer.

  14. The creation and sale of Northern Rock plc

    Report Value for money

    Published on:

    The Treasury’s 2009 decision to split Northern Rock in two was reasonable at the time but the final net cost to the taxpayer could be some £2 billion.

  15. Spinning-out MyCSP as a mutual joint venture

    Report Value for money

    Published on:

    MyCSP has the potential to be good value for money with a projected saving of 50 per cent on costs, but the Cabinet Office and MyCSP still face many large challenges in transforming the service.

  16. Maintaining the financial stability of UK banks: Update on the support schemes

    Report Value for money

    Published on:

    The scale of the support currently provided to UK banks has fallen from a peak of £955 billion to £512 billion, but the amount of cash currently borrowed by the Government to support banks has risen by £7 billion since December 2009. It is likely the taxpayer will be providing support for years to come.

  17. The completion and sale of High Speed 1

    Report Value for money

    Published on:

    The HS1 project has delivered a high performing line, which was subsequently sold in a well-managed way. But international passenger numbers are falling far short of forecasts and the project costs exceed the value of journey time saving benefits.

  18. HM Treasury: The nationalisation of Northern Rock

    Report Value for money

    Published on:

    The NAO has reported that the nationalisation of Northern Rock in early 2008 offered the best prospect of protecting the taxpayers’ interests and was based on a sufficiently robust analysis of the options available. However, the Treasury was stretched to deal with a crisis of this nature and there were lessons to be learned. In […]

  19. The sale of the Government’s interest in British Energy

    Report Value for money

    Published on:

    The Government received a good price when selling its interest in British Energy. But it is too early to say whether the sale will enable the Government to achieve its strategic objective of ensuring nuclear operators are able to build and operate new nuclear power stations from the earliest possible date and with no public […]

  20. The Regeneration of the Greenwich Peninsula: A Progress Report

    Report Value for money

    Published on:

    The O2, a central part of plans to regenerate the Greenwich Peninsula, opened on time in June 2007 and has become a highly successful entertainment venue which has boosted local employment. According to the National Audit Office, however, housing development on the rest of the Peninsula is taking longer than originally expected, and financial returns […]