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The Latest Breaking News from NAO

HMRC failing to scrutinise potential tax avoidance by big tech, watchdog warns

Surprise first-year windfall suggests stopgap tax measure is being underestimated and may be badly designed

The Guardian - UK

OPINION - If we keep turning a blind eye to fraud it will corrode public trust

Buried in a lengthy new audit on public-sector fraud by the National Audit Office is a remarkable detail. It notes that at the time the Department for Business, Energy and Industry Strategy was charged with handling the Bounce Back Loan scheme, it only had two full-time staff working in its…

Evening Standard

‘Festival of Brexit’ met radically downgraded predictions for visitor numbers

Final evaluation of Unboxed science and arts festival finds it delivered on its economic objectives

The Guardian - UK

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Billions lost to fraud since start of pandemic, watchdog reveals

The National Audit Office said that it was ‘very unlikely’ that most of the taxpayers’ money will be recovered

The Independent UK

Around £21bn lost to fraud since start of pandemic, says watchdog

The National Audit Office said that it was ‘very unlikely’ that most of the taxpayers’ money will be recovered.

The Independent UK

Bulb bailout may cost UK government billions less than feared, says watchdog

National Audit Office estimates bill of £246m for saving energy supplier as result of sharp fall in gas prices

The Guardian - UK

Decision to redesign Euston HS2 station will cost billions and cause decade of delay, says expert

Euston faces a “decade of delay” before the arrival of HS2 high speed trains because of the Government’s disastrous decision to switch station designs, a rail expert has warned.

Evening Standard

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Euston HS2 delays would mean extra costs, warns watchdog

Delays linking up HS2 and Euston will mean extra costs, the National Audit Office has warned ministers.

Evening Standard

Revised plans for HS2 Euston terminus would cost almost £5bn, says watchdog

NAO warns cost of station in London almost double initial budget and pause on work could push it higher

The Guardian - UK

Euston HS2 delays would mean extra costs and higher spending, warns watchdog

Delays linking up HS2 and Euston will mean extra costs and potentially even higher spending, the National Audit Office has warned ministers.

The Independent UK

Only 1% of £1.1bn lost in Covid business scheme recovered, report finds

National Audit Office urges ministers to learn lessons of losses in England resulting from fraud and error

The Guardian - UK

JUST 1% of £1.1billion in taxpayer money lost to Covid business grants fraud is recovered

The spending watchdog found that 'no contingency plans existed between central and local government for supporting firms during a national emergency' when the pandemic hit and it meant mistakes were made

Daily Mirror

Young people urged to check for forgotten savings worth up to £2,000 in Child Trust Fund account

An estimated 145,000 18 to 21-year-olds have an average unclaimed savings pot of £1,911 in the UK Government account.

Daily Record

Young people could be owed millions of pounds of government cash

There are concerns that the funds could have been lost track of or simply forgotten about

Wales Online

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Liverpool Echo

Young people could be owed millions from government scheme

Child Trust Funds have been labelled a 'vital lifeline' during the cost of living crisis

Daily Record

Young people urged to check for unclaimed £2,000 in UK Government savings account

Child Trust Funds were set up for every child born between September 1, 2002 and January 2, 2011.

Chronicle Live

Thousands of teenagers owed money from child trust funds that is still waiting to be claimed

Many young people have not claimed money invested for them in child trust funds and there are concerns the accounts could be forgotten

The Independent UK

Child Trust Fund: How to check if you are one of millions sitting on share of £2bn government money

The National Audit Office (NAO) has warned that people are losing track of a type of long-term tax free savings account called child trust funds (CFTs)

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The Independent UK

Have you forgotten about your £250 child trust fund?

Some 145,000 18-year-olds had not claimed a total of £394 million by April 2021, the National Audit Office said.

The Independent UK

Warning that teenagers could lose out on £2,000 in ‘forgotten’ savings

Some 145,000 18-year-olds had not claimed a total of £394 million by April 2021, the National Audit Office said

Nottingham Post

145,000 young people owed share of huge £394m fund just waiting to be claimed

Average of £2,717 per person is ready to be claimed by some who are over 18

The Independent UK

Child trust funds ‘at risk of being forgotten by their account holders’

Some 145,000 18-year-olds had not claimed a total of £394 million by April 2021, the National Audit Office said.

Daily Mirror

Thousands of teenagers owed share of huge £394million cash pot - check your eligibility

Around 145,000 young people are entitled to a share of the £394million child trust funds cash pot - which works at an average of £2,717 each, according to the official spending watchdog

The Independent UK

New blue light communications system hit by fresh delays

The National Audit Office said the Home Office still cannot say when a replacement for the Airwave system will be ready.

Evening Standard

HS2 timeline: government confirms train will run to London Euston

Rishi Sunak has confirmed that the HS2 train line will continue into the city centre by connecting to London Euston and will not terminate at Old Oak Common – as had been mooted.

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