Parliament’s spending watchdog today published a report calling for Government to make a more concerted effort to spend more with small and medium size businesses, rather than procuring solely from large providers.
The Public Accounts Committee, of which Don Valley MP Caroline Flint is a member, warns that the Government has ‘lost momentum’ in its drive to increase the proportion of its spending with SMEs. The Government spends around £45 billion annually on goods and services from the private sector.
Ms Flint said: “The Government set itself a target of spending 33% of its budget with small and medium sized businesses by 2020 but it is not clear how they plan to achieve this. When Government spends taxpayers’ money, it should be thinking about the impact that this has, not just the end result.
Small and medium sized businesses are the beating heart of our community and local economy in Doncaster. Government should be making every effort to spend more with them, to stimulate competition and create jobs, rather than relying on larger providers dominating”.
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Parliament’s spending watchdog today published a report calling for Government to make a more concerted effort to spend more with small and medium size businesses, rather than procuring solely from...
A recent investigation into financial services mis-selling has led to a highly critical report produced by MPs.
Parliament’s Public Accounts Committee has challenged the Treasury, the Financial Ombudsman and the Financial Conduct Authority to do more to protect customers as too little has been done to tackle the cultural problems behind mis-selling.
More than 12 million banking customers were mis-sold payment protection insurance (PPI) and firms have paid £22 billion in compensation since April 2011 but there are substantial and continuing risks that financial services will be mis-sold.
Even though it is "straightforward and free" for affected customers to claim compensation through the Financial Services Ombudsman, claims management companies have made around £5 billion taking 80% of their cases to the Ombudsman.
Committee member and Don Valley MP Caroline Flint said today: “This is money that should be going straight to the customers who were victims of mis-selling. Instead, their situation has been turned into a profit-making exercise by claims management companies, often deploying unscrupulous tactics. We have experienced this before when local law firms ripped off miners and their families of their industrial injuries compensation.
The regulators and the Treasury have been far too timid in tackling this issue. They must do more to make sure that our constituents, who were mis-sold PPI in the first place, are not exploited further by these companies.”
A recent investigation into financial services mis-selling has led to a highly critical report produced by MPs. Parliament’s Public Accounts Committee has challenged the Treasury, the Financial Ombudsman and...
A committee of MPs has published a report today raising serious concerns over the Government’s Right to Buy policy.
The government plans to give 1.3 million tenants of housing associations the chance to buy their home at the discounted ‘Right to Buy’ levels.
However the Public Accounts Committee, on which Don Valley MP Caroline Flint sits, argues that “many key policy details have not been clarified”. It points to uncertainty around how the project will be funded, plans to replace sold-off social housing and warns against abuse of the scheme.
Caroline Flint, also a former Housing minister under the last Labour government, said today: “The Government have failed to provide basic information about how they will pay for this, and how they will maintain the housing stock for those who can’t afford, or choose not to, buy their houses.
“For the families in my constituency who live in social rented housing and others who are on the waiting list, I am not convinced that the Government have thought enough about how this policy will affect them.
The Government claim these plans will be cost-neutral but there is a real risk that it will be our local authorities who end up footing the bill.
The Government’s current plan is shoddy. As it currently stands, it should not go ahead.”
The Committee’s report raises concerns about “both the potential impacts of the policy on a large number of individuals, and the significant amount of public money likely to be involved”. It calls on the Department for Communities and Local Government to publish a full impact assessment of the policy in line with established Treasury guidance by the autumn.
Although the Government has committed to replace homes sold under the policy on at least a one-for-one basis, the report states that this “will not ensure that these will be like-for-like replacements”; new homes “can be a different size and in a different area, and may cost more to rent”.
Said Caroline: “It’s no help to Don Valley residents if a decent family home in Dunscroft or Conisbrough is replaced with a newly-built small flat in Askern or Toll Bar. The Government needs to rethink this sooner rather than later.”
A committee of MPs has published a report today raising serious concerns over the Government’s Right to Buy policy. The government plans to give 1.3 million tenants of housing...