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Summer 2021

Efficiency in government

The COVID-19 pandemic is putting public finances under severe pressure. Improving efficiency could help government to manage this pressure. Our past work has identified several areas where government can achieve efficiencies, as well as the risks of attempting to make savings without careful consideration of the unintended consequences. Drawing on previous NAO work, and experience … Read more

Autumn 2021

The management of debt owed to HMRC

In 2019-20 HM Revenue and Customs collected £636.7 billion in total tax revenues. The amount of tax overdue for payment at 31 March 2020 was £22.4 billion. On 20 March 2020, the government announced measures that deferred future payments of some taxes, in recognition of the financial pressures put on taxpayers as a result of … Read more

Summer 2021

Investigation into Greensill Capital

In response to the COVID-19 pandemic the government launched a series of schemes providing financial support to businesses of all sizes. Of these, the Coronavirus Large Business Interruption Loan Scheme (CLBILS) provided support to the largest businesses—those with a minimum turnover of £45 million. Commercial lenders (for example, banks, building societies and peer to peer … Read more