The sale of student loans
This report considers the value for money of the sale of student loans that entered repayment between 2002 & 2006.
20 Jul 2018
This report considers the value for money of the sale of student loans that entered repayment between 2002 & 2006.
“The Government sold its stake in British Energy when energy prices were at a peak, and got a good price. The biggest priority for the Government was, however, to ensure new nuclear power stations could be built from the earliest possible date and with no public subsidy. Whether it will achieve this remains to be seen. The Department of Energy and Climate Change now needs to make real progress on its contingency plans should EDF be unwilling to build new nuclear power stations.”
Sir John Bourn, the head of the National Audit Office, reported to the Scottish Parliament today that there is scope to improve the responsiveness of accident and emergency ambulance services in Scotland and the impact they have on the healthcare of patients. The Scottish Ambulance Service are responsible for ambulance services across Scotland. Their emergency … Read more
The Scottish Executive and other Scottish public bodies have responded positively to a range of recommendations arising from value for money work on Scottish matters in the last two years, Sir John Bourn head of the National Audit Office reported to the Scottish Parliament today. Sir John’s report brings together the results of seven previously … Read more
“Despite the Shareholder Executive’s limited powers, it has up to now provided good value for money to parliament and the taxpayer. The Executive has gone a long way in improving how government acts as a shareholder and should be commended for this.
“However, a number of barriers have been identified that could lead to future inefficiencies; and improvements could be made to the way in which the Executive’s performance is measured. The Government should take on board our recommendations if it is to build on its early work and set stretching targets for increasing the value of all public sector businesses”
“I am pleased that the Ministry has in large measure addressed the problems of flock records and urge them to continue working with farmers to get it right. This will help to protect the taxpayer from the risk of losing reimbursement from European funds. It will also assist farmers in satisfying scheme rules so that they can get the benefit of a scheme which is providing valuable support at a time of crisis in the industry.”
In May 2012, the Department of Transport expected the tram-train scheme to be completed by Dec 2015. It is now expected to be completed in May 2018.
“The seeds of Connex South Eastern’s difficulties were sown when the train operating company won its franchise with an over-ambitious bid. It indeed subsequently proved to be undeliverable. The Strategic Rail Authority lost confidence in CSE and took the difficult and finely balanced decision to terminate the franchise. The SRA went on to demonstrate that the successful termination of a train operating company’s franchise is feasible, and that taxpayers’ and passengers’ interests can be protected, through careful management of the attendant risks.
“This case highlights lessons to be learned, however, in how franchises are awarded and managed, which the Department for Transport must keep in view as it takes forward the responsibilities it has recently inherited from the Strategic Rail Authority.”
The National Audit Office has today supplied a memorandum to the Public Accounts Committee on the Sovereign Grant and its financial management.
The Statement on Internal Control (SIC) is a public accountability document that describes the effectiveness of internal controls in an organisation and is personally signed by the Accounting Officer.