Bank of England making good progress in management of non-financial risks
Published on:The Bank of England is overhauling its management of non-financial risks. The Bank is progressing but recognises there is more to be done.
The Bank of England is overhauling its management of non-financial risks. The Bank is progressing but recognises there is more to be done.
The UK Government will pay £370 million under the UK-Rwanda Partnership, a further £20,000 per individual and £120 million once the first 300 people have been relocated, plus £150,874 per individual for processing and operational costs, according to a new report by the National Audit Office.
The UK’s future resilience to dangerous diseases is being undermined by decision-making failures regarding a planned health security campus in Harlow.
One in five people on Tax Credits who were invited to move to Universal Credit (UC) did not then claim UC and had their benefits stopped, according to a new report by the National Audit Office (NAO). The coalition government proposed UC in 2010 to replace six means-tested benefits for working-age households.1 DWP estimates that […]
It is unclear whether a government programme to expand 4G coverage to 95% of the UK landmass by December 2025 will be delivered on time.
The Ministry of Justice does not know whether everyone eligible for legal aid can access it and government needs to do more to ensure the sustainability of the legal aid market if it is to achieve value for money.
The National Audit Office (NAO) has launched a four-week consultation seeking views on changes to the Code of Audit Practice.
A series of lessons and recommendations for tackling fraud and protecting propriety when spending public money during a national emergency.
Government is taking longer than it should to appoint non-executive directors (NED) to public positions, and these delays can leave gaps on boards, creating risks to governance, and reducing the number of high-quality candidates.
Although government provides billions in tax reliefs each year to encourage growth, it does not monitor or evaluate them closely enough.
The NAO has reported on the 2022-23 accounts of the Department of Health and Social Care (DHSC).
Government has provided more than £20 billion of support to biomass businesses, but it can’t yet demonstrate the technology is sustainable.
Governance and oversight of franchised higher education provision needs to be strengthened following instances of fraud and abuse in the sector.
Significant annual savings worth tens of billions of pounds are available through improving public sector productivity, the head of the NAO will say.
The NHS is not making the most of its spending power to save money in purchasing medical equipment and consumables.
Whistleblowing arrangements in government require further improvement with slow and inconsistent progress being made by departments and other civil service bodies, a new National Audit Office (NAO) report says.
Government needs to ensure its growth plans for Cambridge are aligned with its £6-7bn investment in a new regional railway (East West Rail, Oxford to Cambridge), so it can maximise the economic benefits of the line, a new report by the National Audit Office says.
The Financial Conduct Authority is making significant changes in response to its new responsibilities and past regulatory failures, but it needs to manage the related risks if it’s to meet its commitments, including reducing and preventing financial crime, according to a new report by the National Audit Office.
The government is underprepared for extreme weather events, such as severe floods, which have the potential to cause significant disruption, a new report by the National Audit Office (NAO) says.
The Ministry of Defence’s Equipment Plan for the next decade is unaffordable and it is facing the largest budget deficit since the Plan was first published in 2012, according to a new report by the National Audit Office.