National Audit Office Savings from Operational PFI Contracts

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National Audit Office scrutinises public spending for Parliament and is independent of government. Comptroller and Auditor General Amyas Morse is an Officer of the House of Commons. Her work led to audited savings of almost £1.2 billion in 2012. She says the report is not intended to fill any gap in quality assurance by departments, or serve as a substitute for an internal audit service. We assess reliability of signed savings by reviewing a sample of 15 savings reported to HM Treasury, which included the six largest signed savings and which in total accounted for £1,372 million.