PracticeAuditPAC to investigate cost of Royal Train

PAC to investigate cost of Royal Train

The House of Commons Public Accounts Committee is to launch an probe into the cost of the Royal Train.

MPs on Westminster’s main financial watchdog believe it could be too expensive despite its key role in the Queen’s golden jubilee tour of Britain.

Labour member of the all-party body, Geraint Davis, said changing the way it is used or scrapping it altogether – as with the royal yacht Britannia – were both options.

Previous probes into royal finances has save taxpayers money, he added.

In May, members of the Public Accounts Committee said they wanted the royal accounts, including those of the Queen, to be publicly inspected as part of a bid to increase openness and transparency.

Last month, the first ever published annual accounts for the Queen’s civil list showed a £1.6m increase in expenditure, a rise of 25.3% for the year ending 31 December 2001.

Related Articles

PwC replaces EY as Domino's auditor

Audit PwC replaces EY as Domino's auditor

5d Alia Shoaib, Reporter
The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

Audit The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

2w Carl Johnson, Stephensons
BDO holds off Big Four to retain top position as AIM auditor

Audit BDO holds off Big Four to retain top position as AIM auditor

2w Alia Shoaib, Reporter
FRC urged to fine Big Four firms penalties over £10m

Audit FRC urged to fine Big Four firms penalties over £10m

3w Alia Shoaib, Reporter
EY to audit Standard Chartered bank

Audit EY to audit Standard Chartered bank

1m Alia Shoaib, Reporter
KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

2m Emma Smith, Managing Editor
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

2m Emma Smith, Managing Editor
Top 50+50: Firms post significant growth in new tax and audit rankings

Audit Top 50+50: Firms post significant growth in new tax and audit rankings

2m Emma Smith, Managing Editor