Bank of England successfully navigates complex modernisation of UK’s critical payment system
Published on:The Bank of England successfully navigated complex risks to deliver its Real-Time Gross Settlement (RTGS) renewal programme.
The Bank of England successfully navigated complex risks to deliver its Real-Time Gross Settlement (RTGS) renewal programme.
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.
This report considers: the Motability scheme’s customer offer and performance; Motability Operations’ financial model; and the scheme’s governance arrangements.
Delivery to the frontline is still being put at risk by longstanding weaknesses in inventory management, despite the Ministry of Defence taking steps to improve, according to a new National Audit Office report.
The NAO has published its report on the 2010-11 accounts of the Ministry of Defence.
Changes to the aircraft carrier project in the 2010 defence review will save £3.4 billion but leave the UK without carrier capability for nine years.
The NAO has conducted an investigation into DFID’s approach to tackling fraud, following an increase in the potential risks after the government committed to spend 0.7% of GDP on foreign aid.
Action taken by the Ministry of Defence to balance its overall budget in the short term following the Strategic Defence and Security Review has contributed to a near £500 million in-year cost increase in the 15 largest defence projects.
This report examines the MoD’s progress implementing digital transformation.
This Departmental Overview is one of 17 we have produced covering our work on each major government department. It summarises our work on the Ministry of Defence during 2010-2011.
This memorandum has been prepared to support the Committee of Public Accounts’ consideration of the Ministry of Defence’s provision of accommodation to its service personnel.
The Environment Agency has cut its forecast for the number of additional properties that will be better protected from flooding by 40% since plans were first unveiled in 2020, according to a new report by the National Audit Office.
Significant annual savings worth tens of billions of pounds are available through improving public sector productivity, the head of the NAO will say.
The suspension and cancellation of a number of key armoured vehicle projects since the 1998 defence review has resulted in the Armed Forces facing a significant shortage in the principal armoured vehicles they require, until at least 2024-2025.
The public spending watchdog has estimated that the government’s maintenance backlog is at least £49 billion.
The cost of each Typhoon aircraft has risen by 75 per cent. While Typhoon performs some defence tasks now, it won’t take on all roles until 2018.
MOD’s procurement budget is now more stable, despite a £754m increase in the cost of the carriers, but there are still risks to the affordability of the equipment plan.
The MOD supply chain is currently not value for money. It would be much more efficient if directed by a modern information system.
The Comptroller and Auditor General, has today qualified the accounts of the Community Legal Service Fund and the Criminal Defence Service because of errors in payments to legal aid providers.
The MOD, one of the largest landowners in the UK, has strengthened its estate planning and achieved significant receipts from disposal of property. However, the changes are not yet sufficient to drive value for money for the taxpayer rigorously.