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PFI and PF2

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

Published:
18 Jan 2018
NAO clock tower

National College for Teaching and Leadership Accounts

Amyas Morse, Comptroller and Auditor General has qualified his audit opinions on the National College for Teaching and Leadership’s (NCTL) 2016-17 Accounts due to a limitation in the scope of his audit of the regularity of the NCTL’s grant expenditure.

11 January 2018

Published:
11 Jan 2018
Entrance sign, London Bridge

The Thameslink, Southern and Great Northern rail franchise

This examines the causes of poor performance on the Thameslink, Southern and Great Northern network since the franchise began in September 2014, the effects on passenger services, financial outcomes for the operator and the Department, and the Department’s handling of the Thameslink, Southern and Great Northern franchise.

Published:
10 Jan 2018
Big Ben and gas lights

A Short Guide to HM Revenue & Customs

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.

Published:
20 Dec 2017
Big Ben and gas lights

Implementing the UK’s Exit from the European Union: The Department for Environment, Food & Rural Affairs

The report focuses on how the Department for Environment, Food & Rural Affairs is preparing to exit from the EU. It is part of a series of NAO briefings on the key bodies in the centre of government and the major spending departments that have to deliver Exit programmes.

20 December 2017

Published:
20 Dec 2017