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  2. Ministry of Defence: Delivering multi-role tanker aircraft capability

    Report Value for money

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    The National Audit Office has been unable to conclude that the Ministry of Defence has achieved value for money from the procurement phase of its £10.5 billion private finance deal for the Future Strategic Tanker Aircraft (FSTA), according to a report released today. Despite managing the later stages of the procurement well, the MOD’s ability […]

  7. The performance and management of hospital PFI contracts

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    Most PFI hospital contracts are well-managed and the evidence indicates that they are currently achieving the value for money expected when the contracts were signed. There continue to be risks, however, to the long-term value for money of these contracts.

  8. Central government’s management of service contracts

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    Central government could make large savings by better managing its contracts for services such as IT, security, catering and cleaning, according to a report today by the National Audit Office. Better contract management could potentially generate estimated savings of between £160 million and £290 million a year, across total annual expenditure on service contracts of […]

  9. Local Area Agreements and the Third Sector: Public Service Delivery

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    Local authorities should work more collaboratively with voluntary and community organisations to help them improve the delivery of public services, according to a report out today by the National Audit Office. The report looked at whether Local Area Agreements (LAAs) are helping to promote better value for money in the way government works with the […]

  10. Public funding of Large National Charities

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    Evidence from 12 large national charities shows that their delivery of public services could be undermined and limited by the complexity of the arrangements by which they receive public funding. Today’s report by the National Audit Office found that charities’ funding relationships with public bodies, including central government departments, local authorities and health trusts can […]

  12. School funding in England

    Press release

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    This report examines the Department for Education’s funding provision and distribution of funding for mainstream schools in England.

  13. Progress report on maintaining competition in markets

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    The Office of Fair Trading has improved its operations following recommendations on maintaining competition in markets made by the National Audit Office and Committee of Public Accounts in 2005 and 2006. According to an NAO progress report published today, the OFT now needs to concentrate its efforts on strengthening the skills and experience of its […]

  14. Office of the Third Sector – Implementation of Full Cost Recovery

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    Full cost recovery remains an important principle for financial relationships between government and the third sector, but government departments have found difficulties in translating the principle into practice, according to a review published today by the National Audit Office. Today’s review examines the progress made by central government departments in ensuring that, by April 2006, […]

  15. HM Revenue & Customs’ estate private finance deal eight years on

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    By transferring ownership or leases of around 60 per cent of its estate (591 properties) to a private contractor, Mapeley, in 2001, the Inland Revenue and HM Customs & Excise planned to reduce their running costs and had the opportunity to save up to £1.2 billion by reducing the size of the estate. However, in […]

  16. The Department for Transport: The failure of Metronet

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    A report today by the National Audit Office has found that the failure of Metronet – a private infrastructure company responsible for the maintenance and upgrade of sections of the London Underground – has led to an estimated direct loss to the taxpayer of between £170 million and £410 million. There has also been an […]

  17. Providing Anti Air Warfare Capability: the Type 45 destroyer

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    The project to replace the UK’s ageing Anti Air Warfare capability, which is currently provided by the Type 42 destroyer, has suffered significant delays of over two years and costs have escalated to some £6½ billion, up by nearly 30 per cent from initial estimates of £5 billion. More recently, the project has progressed well, […]

  20. Update on PFI debt refinancing and the PFI equity market

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    An update report by the NAO identifies that the government has secured gains of £137 million from PFI debt refinancings under new arrangements introduced by the Treasury in 2002. These new arrangements followed previous reports by the NAO and the Public Accounts Committee that highlighted the opportunities for the private sector to benefit from refinancing […]