The triumph for MoD accountants comes after six years of accounting failures
following the introduction of resource accounts. Defence chiefs had struggled
with some of the more difficult aspects of resource accounting such as the idea
that scrapping Harrier aircraft early to save cash actually pushed the
department deeper into the red because it required more rapid writing-off of the
The advance in the timetable follows a push by the Treasury to secure
publication of all government accounts before parliament’s summer recess.
The Home Office has succeeded the MoD as the department in deepest trouble
over its accounts followed by the Foreign Office.
Last month the Home Office permanent secretary, Sir David Normington, told
the Commons public accounts committee that it would take time to rectify. ‘It is
hard to ensure we can provide proper accounts for 2005-06,’ he said.
John Reid was challenged to set a date for the publication of accounts by
Liberal Democrat home affairs spokeswoman Lynne Featherstone.
Meanwhile, the Treasury said the Whole of Government Accounts programme ‘is
providing an additional and valuable perspective on the public finances’.
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals
One of the bigger announcements of the final Spring Budget is the raising of Class 4 NICs for the self-employed