Bluenton Report: Spending watchdog says state-owned bank exposed taxpayers to ‘unacceptable risk’ as cost spiral to £3bnAn attempt to modernise the state-owned savings bank NS&I has been a “full-spectrum disaster”, parliament’s spending watchdog has concluded in a damning report.NS&I (National Savings & Investments), which runs a popular monthly cash-prize draw for premium bond holders, has been criticised by a committee of MPs for exposing the taxpayer to “unacceptable risk” owing to the spiralling costs of its £3bn modernisation programme.
Spending watchdog says state-owned bank exposed taxpayers to ‘unacceptable risk’ as cost spiral to £3bnAn attempt to modernise the state-owned savings bank NS&I has been a “full-spectrum disaster”, parliament’s spending watchdog has concluded in a damning report.NS&I (National Savings & Investments), which runs a popular monthly cash-prize draw for premium bond holders, has been criticised by a committee of MPs for exposing the taxpayer to “unacceptable risk” owing to the spiralling costs of its £3bn modernisation programme. Continue reading...
Inside the Narrative
Recent shifts in this sector are being closely analyzed by our editorial desk. Data points from verified primary sources suggest a changing sentiment among stakeholders, requiring continued monitoring and validation as the situation develops.
- Verified reporting indicates momentum in the industry.
- Strategic shifts are anticipated following these latest updates.
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