Finance News – Public Accounts Committee
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Regulators ‘appear unable’ to stop water firms acting unlawfully, MPs warn
MPs have highlighted concerns over inadequate oversight of water companies, emphasizing the need for stronger regulation to address questionable financial practices and protect inv...
Read Full Article →HMRC criticised by watchdog for failing to track billionaires’ tax
The inability of tax authorities to monitor contributions from the wealthiest individuals has raised concerns about potential revenue losses, prompting calls for new fiscal measure...
Read Full Article →Government must learn the right lessons from PFI
A recent report highlights that securing steady and dependable funding is crucial for the government to successfully achieve its infrastructure goals without repeating previous err...
Read Full Article →Government inheriting poor value assets due to bad handling of PFI contracts, watchdog says
Inefficient oversight of privately funded infrastructure deals has resulted in government acquiring undervalued properties, potentially affecting future investment opportunities an...
Read Full Article →Government did not want to ‘harass’ Post Office victims by chasing up claims
At least £600,000 in compensation related to the Horizon IT controversy remains unclaimed as authorities have avoided contacting eligible recipients to prevent causing them distres...
Read Full Article →Council finances in dire straits, MPs say
A recent report highlights that increasing national insurance costs and rising expenditures on special educational needs are putting local government budgets under severe pressure,...
Read Full Article →Over half of English councils face insolvency under £5bn deficit, MPs warn
An influential parliamentary committee has highlighted that significant deficits related to special educational needs funding may lead numerous local authorities in England toward...
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