The return of Lloyds Banking Group to private ownership
Now that all Lloyds shares have been sold we reviewed how the government prepared for and carried out the sales from March 2014 onwards.
22 Jun 2018
Now that all Lloyds shares have been sold we reviewed how the government prepared for and carried out the sales from March 2014 onwards.
“Fraud on public expenditure is unacceptable and diverts taxpayers’ money from those purposes for which it is intended. The risk of fraud in property management is intrinsically high, and despite a number of Departmental fraud management initiatives, remains at unacceptable levels after operation of the Department’s existing controls. By implementing the recommendations in my report, the Department could reduce significantly the risks of fraud in this important area of expenditure.”
The wider government needs to do more to understand the experience of whistleblowers and to act where whistleblowers suffer detriment.#
“My report recognises the considerable achievement that has been made delivering over 800 centres to a high quality standard, under budget. The project team controlled costs effectively and achieved savings against the budget – for example by introducing better procurement arrangements. There are lessons here for other Government departments undertaking major procurement projects.”
This report evaluates the government’s COVID-19 vaccine programme focusing on events up to the end of October 2021.
“The Agency looks after some 5,000 acres of green space in London and there is much to be praised in the work it does. This report identifies ways in which the Agency can sharpen up the management of the Parks. The Parks are a valued feature of London life, and it is important to learn from, and contribute to, all that is happening in parks in the rest of the country and indeed the rest of the world.”
The programme to make superfast broadband widely available in each area of the UK is currently expected to be delivered nearly two years later than planned.
The sale of Eurostar generated proceeds of £757m. The government prepared well for the sale and achieved its objectives to maximise proceeds. The sale illustrates some general lessons for government as it embarks on its asset sales programme.
“In designing and implementing the gold sales programme so far the Treasury has done well. In its further review of the programme the Treasury should consider whether there are opportunities to strengthen the handling of the sales further.”
This report considers the value for money of the sale of student loans that entered repayment between 2002 & 2006.