Investigation into the management of the Libor Fund
Published on:The Government has committed £933 million from the Libor Fund, but cannot yet confirm that all the money has been used as intended.
The Government has committed £933 million from the Libor Fund, but cannot yet confirm that all the money has been used as intended.
This paper is the result of research undertaken in June 2009 in response to a House of Commons Defence Select Committee request that the NAO identify the views of Non-Governmental Organisations (NGOs) about the Government’s Comprehensive Approach.
The MOD acted promptly to revert to the decision to buy the vertical take-off version of the Joint Strike Fighter but will have to manage significant risks.
This briefing has been prepared for the Defence Committee of the House of Commons to provide an overview of the work and performance of the Ministry of Defence in the financial year 2008-09 and subsequent months.
This report examines whether the Ministry of Defence has managed to reduce the risks to affordability in its Equipment Plan.
The current defence programme is unaffordable, according to a report from the National Audit Office. The Ministry of Defence has already reduced the deficit between the defence budget and planned expenditure by £15 billion, but a shortfall of between £6 billion and £36 billion remains. The financial crisis means a substantial increase in funding is […]
The Conflict Pool funds discretionary activities that support conflict prevention, stabilisation and contribute to peacekeeping overseas. It is managed by the Foreign and Commonwealth Office (FCO), the Department for International Development (DFID) and the Ministry of Defence (MOD).
This report assesses the problems that the Ajax programme has encountered and the challenges the MoD faces in delivering it.
The Ministry of Defence programme to replace hundreds of different IT systems with a single, secure, high quality computer infrastructure is based on a sound rationale and convincing business case. According to a National Audit Office report issued today, the Defence Information Infrastructure Programme (DII) has delivered important benefits, but has run into implementation difficulties, […]
A report released today by the National Audit Office has found that the clinical treatment and rehabilitation of service personnel seriously injured on military operations are highly effective. The report notes, however, that the rate of illness and minor injury among personnel on operations has almost doubled in three years. Military commanders, and the patients to […]
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 […]
The Comptroller and Auditor General, Amyas Morse, has qualified the 2009-10 accounts of the Legal Services Commission because of overpayments made by the Commission to legal aid providers, estimated at almost £77 million.
This report evaluates whether government’s approach to managing the risks of flooding and coastal erosion is achieving value for money.
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 […]
A National Audit Office report has found that the condition of 90 per cent of the Service Families Accommodation in Britain is at the two highest of four standards. However a specially-conducted survey has however revealed that, while 52 per cent of Service families feel their Ministry of Defence accommodation is in a good condition, […]
Despite some improvements in the management of court cases, around two-thirds of criminal trials do not proceed as planned on the day they are originally scheduled. Delays and aborted hearings create extra work, waste scarce resources and undermine confidence in the justice system.
This report looks at how much the Treasury’s Value for Money savings programme has improved value for money across government. The programme aims to achieve government-wide annual savings of £35 billion from 2008-09 to 2010-11.
This report examines the causes of persistent delays and cost increases that have affected the Ministry of Defence’s equipment contracts.
Over the past ten years, the Ministry of Defence has introduced a number of reforms to the way it procures defence equipment, but its performance on Major Projects remains variable. As part of its annual report to Parliament, the National Audit Office examined twenty of the largest defence equipment projects. The report found that, during […]
The Department for International Development’s spending on humanitarian interventions has almost trebled between 2010-11 and 2014-15 to more than £1 billion per year, rising as a share of its total budget from 6% to 14%.