Sir John Bourn, head of the National Audit Office, reported to Parliament today on the risk of fraud in property management in the Ministry of Defence. Property management on the Defence Estate consists of maintenance work and minor new construction work up to a value of about £300,000 for each individual job, including VAT and […]
Now that all Lloyds shares have been sold we reviewed how the government prepared for and carried out the sales from March 2014 onwards.
Sir John Bourn, head of the National Audit Office, reported today on the support provided by the Department of Trade and Industry to the restructuring of British Energy completed in January 2005; and the Department’s management of the risks to the taxpayer arising from the Company’s activities since the completion of restructuring. The Company was […]
The Department for Work and Pensions (DWP) set up the Restart scheme to help people made unemployed by the COVID-19 pandemic. This report considers the performance of the scheme so far.
The Charity Commission is not regulating charities effectively. It fails to take tough action in some serious cases and makes poor use of its powers.
The £1.4 billion funding could result in 41,000 extra full-time equivalent private sector jobs but thousands more could have been created from the same resources.
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 […]
Sir John Bourn, head of the NAO, today reported that, following improvements in PFI financing terms, the Norfolk and Norwich University Hospital NHS Trust has shared in the gains from a refinancing of its early PFI hospital contract, but it continues to pay a premium in respect of the financing costs compared to current deals. […]
Sir John Bourn, head of the National Audit Office (NAO), told Parliament today that the Prison Service had secured £1 million of the expected £10.7 million increase in returns to shareholders of Fazakerley Prison Services Limited, following the refinancing of the Fazakerley prison contract let under the Private Finance Initiative (PFI). Further refinancings of PFI […]
Red Dragon – a project by the Ministry of Defence (MOD), Welsh Assembly Government and the then Welsh Development Agency (the Welsh Authorities) to provide modern aviation repair facilities at St Athan, South Wales – has cost the taxpayer around £113 million, although it was meant to have saved MOD money and protected jobs in […]
According to a report today by the head of the National Audit Office, Sir John Bourn, the Inland Revenue have improved the way they recover debts in recent years but they could make further improvements to reduce debts owed by taxpayers. The Inland Revenue collected £219 billion in tax and National Insurance Contributions in 2002-03. […]
Sir John Bourn, head of the National Audit Office, reported to Parliament today that the Radiocommunications Agency* has successfully entered into a partnership with CMG plc**, a global Information and Communications Technology group, which could result in significant financial savings. In June 1998 the Agency and CMG plc established a joint venture company, Radio Spectrum […]
HMRC aimed to move more customers online thereby reducing staff costs but significant numbers of staff were let go before technical improvements were completed leading to a collapse in service quality in 2015. Services have since improved.
Sir John Bourn, head of the National Audit Office, reported today that the public private partnership for NATS contains many positive elements. But the financial position of the Company will need strengthening to enable it to make further vital investment to expand the capacity of Air Traffic Control. In its study of the PPP for […]