Public sector watchdog, the National Audit
Office has found that two thirds (17 out of 26) of the first academy
buildings used for the prime minister’s flagship academies programme have
suffered cost overruns averaging £3m.
The other nine were found to be operating within their original budgets.
The academies have cost an average of £24m each, which makes them more
expensive than other secondary schools, noted the NAO.
Bourn, head of the NAO, praised the academies for raising the achievements
of pupils from deprived backgrounds but said the challenge was to manage capital
costs better for the hundreds of new academies still planned to be built.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed