Public sector watchdog tipped to launch Dome finance probe

Public sector watchdog tipped to launch Dome finance probe

The National Audit office is expected to launch an investigation into the Management of the Millennium Dome and its use of £399m of lottery money.

Tory MP Richard Page has written to comptroller and auditor general Sir John Bourn calling for a probe into ‘management failure’ in the project in Greenwich, South London.

Sir John and the NAO are now considering whether to launch an in-depth ‘value for money audit’ into the scheme.

Any such special investigation would come in on top of the NAO’s routine scrutiny of the Dome as part of it’s annual audit of the Millennium Commission which distributes lottery money to year 2000 project.

In addition it would almost certainly lead to a second enquiry by the House of Commons Public Accounts Committee, Parliament main financial watchdog, which would hold public hearings to grill Ministers and officials.

Senior sources said the NAO was considering an investigation and that the Dome was a ‘likely runner’ for such a probe.

The chances of an inquiry are increased by Mr page?s recent membership of the PAC and the reaction of the committee’s current chairman David Davis to the idea.

He said: ‘If the NAO investigates this and writes a report on this , I think it’s almost certain the committee will look at it.

It’s a large sum of money and there have been comments about the way its been run.’

Page, a former Tory minister, said ‘to have spent millions of pounds and to have proceeded with the Dome with no knowledge of what you were going to use it for afterwards is to me a serious management failure. The fact is that so much money has been thrown at so little.’

Any investigation by the NAO and PAC would come on top of an existing enquiry by the Commons Culture Committee and would focus on whether the Dome had been effectively managed and whether the lottery cash had been competently spent.

THE FINANCIAL MILLENNIUM INTERVIEW – Millennium man’s countdown

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource