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Carillion sign on a closed building

Investigation into the government’s handling of the collapse of Carillion

On 15 January 2018, Carillion declared insolvency and the Official Receiver, an employee of the Insolvency Service, started to liquidate its assets and contracts. This report focuses on the role of the UK government in preparing for and managing the liquidation of Carillion.

Published:
7 Jun 2018

Investigation into the government’s handling of the collapse of Carillion

On 15 January 2018, Carillion declared insolvency and the Official Receiver, an employee of the Insolvency Service, started to liquidate its assets and contracts. This report focuses on the role of the UK government in preparing for and managing the liquidation of Carillion.

Autumn 2018

Improving government’s business planning

While welcoming efforts to improve government’s business planning through the introduction of Single Departmental Plans, Parliament’s Committee of Public Accounts has expressed concern about government’s ability to reprioritise activities and resources to make space for EU Exit work. This study looks at the new approach to business planning in light of this challenge, and of … Read more

Autumn 2018

The role of HM Treasury spending teams

This study will look at financial decision making in government, focusing on the role of HM Treasury spending teams and, specifically, the dynamic between these teams and departments. We will examine the way in which spending teams influence key decisions; the extent to which the operating model supports effective monitoring and scrutiny of departments; and … Read more

Exiting the EU: The financial settlement

This report forms part of the National Audi Office’s programme of work to examine how the government is overseeing and implementing the UK’s exit from the EU. It is our first report on the financial settlement, assessing HM Treasury’s estimate of the cost of the settlement.

Summer 2018

Sale of Student Loans

In December 2017 the UK Government sold part of the student loans book. This is the first disposal in a four year programme of sales. The programme, announced in February 2017, intends to dispose of all income contingent loans issued before 2012. The sale achieved £1.7 billion from 1.2 million loans which entered repayment between … Read more

10 pound notes

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

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