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HM Treasury building

UK Guarantees scheme for infrastructure

Under the Scheme, the Treasury guarantees that lenders to infrastructure projects will be repaid in full and on time, irrespective of project performance. The NAO is calling for the Treasury to be rigorous and objective in assessing whether the guarantees, which transfer risk to the public sector, are genuinely needed.

Published:
28 Jan 2015
National Audit Office logo

HM Treasury’s 2013-14 Annual Report and Accounts

The National Audit Office has today reported on HM Treasury’s 2013-14 Annual Report and Accounts. The report provides an overview of the context in which the Comptroller and Auditor General has carried out his audit of the Treasury’s 2013-14 financial statements; and details of his assessment of audit risk arising from the Treasury’s major financial stability and wider economic support schemes.

Published:
17 Jul 2014
Whitehall sign

The centre of government

This report draws together insights from our previous reports and those of the PAC on the role of, and recent changes to, the centre of government. The centre of government has responsibility for coordinating and overseeing the work of government, enabling it to achieve its strategic aims and ensuring there is a central view of the effective operation of government as a whole. Most of these strategic functions are performed by the Cabinet Office and the Treasury.

Published:
19 Jun 2014
Bridge and view of the Thames

Thames Tideway Tunnel: early review of potential risks to value for money

The Thames Tideway Tunnel is a planned project to build a large sewer running under the River Thames. It is the Government’s preferred solution to the problem of spills from London’s sewers into the tidal part of the Thames. In response to correspondence, we explain the roles of the different parties, identify potential risks to value for money and set out what we expect good project management to look like. To avoid influencing the outcome of ongoing competitions for the construction and financing of the project, we do not evaluate the value for money of the project and the issues raised do not imply any audit judgement about its performance.

Published:
5 Jun 2014