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The Shareholder Executive and Public Sector Businesses

“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”

Published:
28 Feb 2007

The Sheep Annual Premium Scheme in England

“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.”

Published:
10 Mar 2000

The South Eastern Passenger Rail Franchise

“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.”

Published:
2 Dec 2005
Buckingham Palace

The Sovereign Grant

The National Audit Office has today supplied a memorandum to the Public Accounts Committee on the Sovereign Grant and its financial management.

Published:
10 Oct 2013
Syrian mother and child

The Syrian Vulnerable Persons Resettlement programme

UK Government says it is on track to meet target to resettle 20,000 Syrian refugees by 2020. Local authorities’ ability to secure suitable school places and houses a risk to success. NAO estimate programme will cost £1.12bn by 2020.

Published:
13 Sep 2016