Millennium spending under watchful eyes

Millennium project spending looks set to come under more intense scrutiny than most government departments.

At a ‘Celebrating the Millennium London Conference’ this week, Peter Mandelson, the minister without portfolio, insisted: ‘Millennium funding may not be taxpayers’ money, but it has to be properly spent.’

Insiders later revealed to Accountancy Age the lengths the government is going to in order to ensure ‘propriety’. A spokesman for the New Millennium Experience Company said: ‘Apart from having our own finance team looking at what we are spending, we have recruited Ernst & Young as external auditor.

But of course the Millennium Commission also scrutinises our spending.’ The commission will report on the Millennium Experience Company when it is itself audited by parliamentary watchdog, the National Audit Office.

The Public Accounts Committee will also take an interest in the way the lottery revenue is used, so a showdown between PAC chairman David Davis and Mandelson looks possible.

The Millennium Experience Company will also report to the Select Committee for Culture, Media and Sport.

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