Government inaction to tackle penalties over past decade costing the taxpayer,says public spending watchdogThe government has incurred at least £650m in penalties over the past decade because of errors in how public bodies maintain spent EU funds, parliament’s spending watchdog has found.
The Treasury is partly to blame for a failure to control the way the EU money has been spent, and according to the public accounts select committee. It is the sixth-highest level of “disallowance” in the EU as a proportion of funding received by the European commission.
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Source: theguardian.com