This report forms part of the National Audi Office’s programme of work to examine how the government is overseeing and implementing the UK’s exit from the EU. It is our first report on the financial settlement, assessing HM Treasury’s estimate of the cost of the settlement.
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
The NAO is publishing a suite of short guides for the new Parliament, one for each government department and a selection of cross-government issues, to assist House of Commons select committees and members of Parliament.
Public and private borrowing are high, kept affordable by record low interest rates, and quantitative easing continues ten years after the crisis it responded to.
The Government has committed £933 million from the Libor Fund, but cannot yet confirm that all the money has been used as intended.
The primary purpose of this paper is to provide the Bank of England with information relating to the management of conflicts of interest and some of the approaches we have encountered in other organisations. This does not constitute guidance, but has been provided to assist the Bank when it conducts its own internal review
The Whole of Government Accounts provide a unique perspective owing to their reach and approach to measuring the government’s financial performance and position.
The first sale of government shares in the Royal Bank of Scotland in August 2015 was well planned and organised and represented value for money.
This review looks at HM Treasury’s processes in its analysis of the impact of leaving the European Union, and provides comparisons with other published studies.
The Bank of England has made progress in its aim to operate in a more unified way following its expansion. More is needed to embed cultural change and deliver long term data projects.