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  1. 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.

  2. Procurement of the M25 private finance contract

    Report Value for money

    Published on:

    The Highways Agency’s PFI contract to widen the M25 could have been better value for money. The slowness with which it was taken forward resulted in higher financing costs, and the Agency was slow to investigate a potentially cheaper alternative to widening.

  4. Reorganising central government

    Report Value for money

    Published on:

    Between May 2005 and June 2009, there were over 90 reorganisations to central government. But a report released today by the National Audit Office has found that these cannot demonstrate value for money, given that most had vague objectives and that costs and benefits were not tracked. The average annual cost of reorganisations is almost […]

  5. Scams and Fraud

    Fraudsters sometimes use the names of National Audit Office (NAO) staff, including the NAO Chair, the head of the NAO the Comptroller & Auditor General (C&AG), or derivatives of “National Audit Office”, in an attempt to defraud people. They may also use our address on their letters to try and trick you: One e-mail scam […]

  6. NAO Diversity and Inclusion Annual Report 2016-17

    Corporate information

    Published on:

    This report summarises our progress over the second year of the 2015-2018 Diversity & Inclusion strategy. As part of our commitment to the Public Sector Equality Duty we also publish equality data in a separate report.

  7. Tackling problem debt

    Press release

    Published on:

    This report aims to evaluate and conclude on HM Treasury’s overall approach to over-indebtedness.

  12. Early progress in transforming courts and tribunals

    Press release

    Published on:

    In this report we outline what HM Courts and Tribunals Service’s (HMCTS) change portfolio to modernise and upgrade the justice system will deliver, consider early progress against plans and explore how HMCTS and its partners have managed the change portfolio and the risks it faces in the future.

  13. PFI and PF2

    Press release

    Published on:

    A briefing on the rationale, costs and benefits of the Private Finance Initiative; the use of and impact of PFI, and ability to make savings from operational contracts; and the introduction of PF2. There are currently over 700 operational PFI and PF2 deals, with a capital value of around £60 billion and annual charges for these deals amounted to £10.3 billion in 2016-17. Even if no new deals are entered into, future charges which continue until the 2040s amount to £199 billion.

    18 January 2018

  14. Managing change in the Defence workforce

    Report Value for money

    Published on:

    The Ministry of Defence, under pressure to make rapid financial savings, is significantly reducing the size of its workforce, by over 54,000 personnel. A report today by the National Audit Office has found that these reductions are happening in advance of the Department’s fully understanding how it will operate with significantly fewer staff.

  16. Reorganising central government bodies

    Report Value for money

    Published on:

    Plans to reorganize central government will bring a range of functions closer to ministers, and the Cabinet Office and departments are on course to deliver cost reductions. However, departments do not have a good enough grasp of the one-off costs of the reorganisation or, secondly, of the ongoing costs of continuing to provide the transferred functions.

  19. The failure of the FiReControl project

    Report Value for money

    Published on:

    The project to replace the 46 Fire and Rescue Services’ local control rooms across England with nine purpose-built regional control centres linked by a new IT system has been a comprehensive failure, according to the National Audit Office. The Department for Communities and Local Government acted to cut its losses by terminating the contract in […]

  20. Report of the C&AG on the Department for Work and Pensions Resource Accounts 2008-09

    Report Financial audit

    Published on:

    The head of the National Audit Office, the Comptroller and Auditor General, has today qualified the accounts of the Department for Work and Pensions for the 20th consecutive year.  The accounts have been qualified because of the material level of fraud and error in expenditure on state benefits, except for State Pension which has a […]