Monday 13 February 2012

Treasury lambasted

The Treasury has come in for heavy criticism from a powerful, all-party committee of MPs which blasted the department for not ‘‘having a grip’’ on trends in key areas or any plans for managing them.
The Commons public accounts committee reported its alarm when the Treasury confessed it was "surprised" to learn that £10.9 billion of unpaid tax had been written off by HMRC in just one year.
Neither was the department apparently fully aware of the estimate until after it appeared in the Whole of Government Accounts (WGA) for 2009-10. It also had "no knowledge" of whether plans were in place to cut the taxpayer's massive £15.7 billion liability for clinical negligence claims, the Public Accounts Committee (PAC) said. More details are available from the PAC website.

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