| Author (Corporate) | United Kingdom, National Audit Office |
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| Publisher | GOV.UK |
| Series Title | Policy Paper |
| Series Details | April 2018 |
| Publication Date | April 2018 |
| Content Type | Report |
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The United Kingdom's National Audit Office published in April 2018 a report called Exiting the EU: The financial settlement. This report formed part of the NAO programme of work to examine how the government was overseeing and implementing the UK’s exit from the EU. It is the first report on the financial settlement and aimed to support Parliamentary scrutiny of HM Treasury’s estimate of the financial settlement. The report did not assess the value for money of the settlement itself, nor how effectively HM Treasury negotiated the principles of the settlement. The report had three parts: + Part One explained the settlement within the context of the wider negotiations on the UK’s withdrawal from the EU, and how much the government expected the settlement to cost. + Part Two assessed HM Treasury’s estimate of the settlement, clarifying how it has been calculated and describing the uncertainties that could cause its value to be different from that estimate. + Part Three set out those aspects of the financial settlement that were still to be finalised and those areas where the value of the settlement could be affected by future EU decisions. Background The National Audit Office in the United Kingdom scrutinises public spending for the UK Parliament and is independent of government. The Comptroller and Auditor General (C&AG), Sir Amyas Morse KCB, is an Officer of the House of Commons and leads the NAO, which employs some 785 people. The C&AG certifies the accounts of all government departments and many other public sector bodies. He has statutory authority to examine and report to Parliament on whether departments and the bodies they fund have used their resources efficiently, effectively, and with economy. Its studies evaluate the value for money of public spending, nationally and locally. Its recommendations and reports on good practice help government improve public services. Its work led to audited savings of £734 million in 2016. In July 2017 the Comptroller and Auditor General of the National Audit Office, Amyas Morse had given an interview to selected journalists, in which he expressed concern that the United Kingdom government had failed to take a unified approach to talks with the EU. He suggested that the Department for Exiting the EU (DExEU), the Treasury and the cabinet office had so far failed to take an 'energetic' lead, leaving other departments to set their own priorities. Morse said he had suggested to relevant ministers and officials that he would like to see a cross-departmental plan on Brexit implementation. This had not yet been forthcoming. Further NAO publications on Brexit-related themes + Implementing the UK’s Exit from the European Union: The Department for Business, Energy & Industrial Strategy, November 2017 + Implementing the UK’s exit from the European Union. The Department for Exiting the European Union and the centre of government, November 2017 + Implementing the UK’s exit from the European Union: Infrastructure and Projects Authority, November 2017 + Implementing the UK’s Exit from the European Union: The Department for Environment, Food & Rural Affairs, December 2017. + Implementing the UK’s Exit from the European Union – People and skills: The role of the centre of government, December 2017 + Implementing the UK’s exit from the European Union. The Department for International Trade, January 2018 |
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| Source Link | Link to Main Source https://www.nao.org.uk/report/exiting-the-v-settlement/ |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | United Kingdom |
