Watchdog raises fears of £200m shortfall, saying ministers have failed to control government financial assets properly
Ministers have failed to impose proper controls on the government’s £222bn collection of financial-sector assets, which will add to public-sector debt, official auditors have found.
Despite £62.6bn worth of sell-offs, including shares in Lloyds Banking Group and Royal Bank of Scotland, the National Audit Office (NAO) has expressed concern over an expected shortfall of financial assets worth £200m.
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Source: The Guardian Circular Economy RSS