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National Audit Office

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Time to come clean: Is £1200 a year value for money?

15.10.09
Energy analysis: Did you know this winter’s household energy consumer has never had it so good? Ask Steve Holliday, chief executive of the National Grid... more

A cause célèbre that is missing the real target

01.10.09
While what is left of our major armaments industry is put through the wringer, the rest of the world’s defence companies must be chortling ... more

Spending cuts must not stop Crossrail

23.07.09
It's simple, to fund borrowing, let alone to reduce the deficit, there will have to be cuts in public spending, regardless of which party is in power... more

Humiliation for Darling as audit finds a hole in Treasury’s bank bailout figures

20.07.09
Alistair Darling embarrassed as Treasury’s accounts were qualified for the first time in its 350-year history... more

Equality chief attacked for rehiring colleagues on even higher salaries

20.07.09
Britain's equalities chief criticised for re-hiring seven of his former colleagues on inflated pay only weeks after handing them large redundancy payments... more

Financial regulation: the Governor’s role

25.06.09
The Governor of the Bank of England made clear that he had not been fully consulted about the Government’s proposals for regulatory reform of the financial sector ... more

All aboard the Metronet gravy train

11.06.09
A day when London has to cope with the chaos caused by a Tube strike is a good day to take a hard look at a report slipped out by the Government late last Friday. When most people in Whitehall were preoccupied with other things, the National Audit Office report into the collapse of Metronet, one of two companies given 30-year contracts to modernise the Tube under the public finance initiative escaped the scrutiny it deserved ... more

Taxpayers' £410m bill for Metronet

05.06.09
Taxpayers lost up to £410 million due to the failure of Tube upgrade firm Metronet, a scathing report has found... more

MPs blast BBC's 'disgraceful' secret pay deals of star presenters

04.06.09
MPs today attacked the BBC as "disgraceful" for refusing to reveal the pay deals of its top presenters... more

Whitehall cuts are not enough

20.04.09
As the Chancellor prepares to reveal in Wednesday's Budget just how far Britain has gone into the red, it seems almost certain that he will have to cut public spending. Mr Darling is reported to be considering £15 billion in Whitehall efficiency cuts. Such promises must be treated with caution.... more

No love lost between PM and audit office

23.03.09
... more

Northern Rock agreed £800m in high risk loans after bail-out

20.03.09
Nationalised Northern Rock was allowed to lend £800 million in high-risk mortgages for six months after being placed on life-support with billions from the taxpayer... more

Brown 'ignored 2004 warning on bank cash crisis'

20.03.09
Gordon Brown came under fire as it emerged that he failed to act on a warning about a gaping hole in emergency planning to cope with a banking crisis... more

Goldman faces a double grilling on Rock rescue role

20.03.09
Goldman Sachs faces two Parliamentary inquiries into its role as Government adviser during the nationalisation of Northern Rock... more

Stars’ wages send cost of BBC radio soaring

05.02.09
Bumper salaries lavished on top BBC presenters are making their shows more expensive than commercial rivals, according to a damning report... more

Recycling a 'waste of time' unless more treatment centres are built

14.01.09
People recycling their waste could be doing so in vain because it could still end up in landfill sites, a new report warns... more

Ministers blamed for £32m palace repairs backlog

10.12.08
The Government came under fire for allowing the Royal Palaces to accumulate a £32 million repair backlog... more

Commuters face 10 per cent rise in fares

20.10.08
Commuters' hopes that they might be spared a rise in train fares of up to 10 per cent on London services next year have been dashed... more

Cattletruck trains for years, warns watchdog

15.10.08
Commuters on London train services face severe overcrowding despite inflation-busting fare rises, spending watchdogs warn... more

Rule change 'abolishes' overcrowding on trains

15.10.08
Government officials have abolished train overcrowding by changing the definition of what constitutes overcrowding... more

Taxpayers' O2 Arena deal hits a sour note

25.07.08
... more

Taxpayer faces £60m bill for delays to new Greenwich homes

16.07.08
A plan to build more than 10,000 homes on the Greenwich Peninsula is more than two years behind schedule, costing the taxpayer up to £60million... more

£1.5bn lost to tax fraud and error

14.07.08
Gordon Brown's flagship tax credit system is losing up to £1.5billion a year in fraud and error, watchdogs warned... more

We can't reduce benefit fraud below £1.2bn, say ministers

08.07.08
Ministers were lambasted over benefit fraud after a top Whitehall mandarin said it was now "impossible" to get losses below £1.2 billion a year... more

Child's play as public help plan future of 2012 park

20.06.08
Londoners are being given the chance to design their own "Lego"-style Olympic Park to decide the best use for the site after the Games are over... more

Comment: overspend on Olympic scale

20.06.08
The £9.3 billion budget for the London Olympics was already a substantial increase on the £2.4 billion that ministers initially promised as the cost of 2012... more

Brits on the take should be target in BAE probe

14.04.08
We need to see who had their pockets lined in the UK by the BAE Systems deal with Saudi Arabia ... more

Still tied up in red tape as targets are missed

26.03.08
It's reasonable to believe things cannot get any worse, but it's an assumption that is likely to be sorely tested in the coming few months... more

Colleges blamed as a quarter of students drop out

20.02.08
London universities have been criticised by MPs for failing to cut student drop-out rates as new figures reveal one in four fails to complete their course... more

BFI demands £34 million to save Brit film archives

21.06.07
The British Film Institute is to demand £34 million upfront and another £6 million a year to save the nation's film and television archive. ... more

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