The computer contract for administering the National Employment Savings Trust - signed by the Labour government just months before they left office - will be re-examined, David Laws says.
The chief secretary to the treasury said he had written to all secretaries of state asking them to re-examine all spending approvals since January 1 this year and all pilot schemes. Laws said, where projects were good value for money and consistent with the government's priorities, they would go ahead but, where they were not, "it would be irresponsible to waste money on them". He said there was "no point" in continuing pilot schemes where they were too costly to implement. Laws explained: "The Chancellor and I are united in our resolve to deal urgently and decisively with the unac...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes