MPs are demanding action after £13.2bn was written off the government balance sheet in 2011-12 due to fraud, financial error and legal claims. The Public Accounts Committee describes the figure, in a list of public assets and liabilities published by the government, as staggering.
The Whole of Government Accounts predicted nuclear decommissioning costs alone could rise to £64.3bn. Ministers said losses from fraud were “too high” despite a recent clampdown.
While Osborne of course presides over an 11 percent payrise for MPs.
Lot of negative today NLAT? Huff Puff Huff Puff. Well what IS it this time?