Oral Answers to Questions Debate
Full Debate: Read Full DebateStephen Phillips
Main Page: Stephen Phillips (Conservative - Sleaford and North Hykeham)Department Debates - View all Stephen Phillips's debates with the Department for Environment, Food and Rural Affairs
(8 years, 5 months ago)
Commons Chamber4. What assessment the Commission has made of the value for money of the National Audit Office.
The Public Accounts Commission, which I have the honour to chair, sets a strategy and budget for the National Audit Office. We assess the NAO’s performance against a range of measures. To highlight just three, the NAO’s work results in large savings for the taxpayer; in 2014, its work led to externally validated savings of £1.15 billion, which is £18 for every pound it costs to fund the NAO. Secondly, it has done this while at the same time reducing its own costs by 27%. Finally, the NAO is itself subject to annual value-for-money studies by its external auditor.
As my hon. Friend says, for every pound we spend on the NAO, the NAO saves the taxpayer £18. The Comptroller and Auditor General has been very pessimistic in his budget estimation for next year in seeking to reduce his budget. Does my hon. Friend agree that, given that we get £18 back for every pound we spend on it, we should spend more on the NAO, not less?
I am grateful to my hon. and learned Friend for that question, but the Comptroller and Auditor General and I are very mindful of the economic situation and of advice given to us by the Treasury, although I should say that as a body the NAO is entirely independent of the Treasury, about financial pressures. Above all, we believe that the NAO should practise what it preaches. I have assured the Comptroller and Auditor General—I say this to my hon. and learned Friend who asks a very serious question—that if extra work comes his way, such as auditing the BBC, I will not stand in his way to getting extra resources to do the job on behalf of this Parliament.