CDC Group plc, the government-owned fund management business tasked to invest in private businesses in developing countries, has exceeded the financial and investment targets set for it in 2004, when it was restructured. CDC has secured a good return on public funds, in a portfolio weighted towards poor countries, and to that extent it has […]
Sir John Bourn, Head of the National Audit Office, reported today that sick leave in the National Probation Service is running at an average of 12.3 days a year for each member of staff, directly costing £31.6 million. The difference between what is being achieved and the Service’s target of nine days amounts to 66,420 working […]
New trains on Britain’s railways are bringing significant benefits to passengers, according to a report by the National Audit Office. Most have been late entering service, however, and it is unlikely that the statutory deadline of December 2004 for removing all the oldest slam-door trains from the network will be met. Lack of capacity to […]
Sir John Bourn, Head of the National Audit Office, told Parliament today that the costs of compensation claims paid by the Ministry of Defence are on the increase and that more can be done to keep down the cost of handling claims and to improve the service to claimants. Compensation and legal costs have risen […]
The Scottish Executive and other Scottish public bodies have responded positively to a range of recommendations arising from value for money work on Scottish matters in the last two years, Sir John Bourn head of the National Audit Office reported to the Scottish Parliament today. Sir John’s report brings together the results of seven previously […]