Paymaster General Geoffrey Robinson made the announcement shortly before councils received new guidance on PFI. The standard could shift assets back onto the public-sector?s balance sheet, increasing the Public Sector Borrowing Requirement.
David Davis MP, chairman of the Public Accounts Committee, and shadow chancellor Frances Maude both criticised the government for failing to apply the latest standards.
The Audit Commission has warned public-sector partners in private finance initiatives not to forget their duty to provide statutory services regardless of whether the private sector takes on risk, reports Ben Griffiths.
In a report designed to assist local authorities and National Health Service trusts in preparing PFI projects, the commission recommended bodies produce comprehensive plans before procuring private-sector services.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.