Magazine article Public Finance

Coming Up

Magazine article Public Finance

Coming Up

Article excerpt

HSl SALE VALUE

The National Audit Office will soon report on the sale of the High Speed 1 train line connecting the Channel Tunnel with St Paneras International in London. The Department for Transport sold a 30year right to manage and maintain the railway in 2010 and the watchdog will consider whether this offers good value for money.

AUDIT REFORM

Draft legislation to abolish the Audit Commission and allow local public bodies to select their own auditors will be published this spring Housing minister Grant Shapps said this would create a 'better, more efficient and transparent audit service'. Responding to feedback on its June 2011 consultation on local audit, Shapps said that the new system would be based on the private sector model, with councils selecting auditors on the advice of independent auditor appointment panels. …

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