More good news for the beleaguered Prime Minister.
The NAO report on the collapse of Metronet says it has cost the taxpayer £410m (this figure of course excludes the millions paid to consultants to set up the deeply flawed part privatisation of the Tube).
Caroline Pidgeon, quoted in the Grauniad, tells it like it is...
"This is simply a devastating report for the architect of the public private partnership contract – Gordon Brown. It is unforgivable that as much as £410m of taxpayers' money has been wasted. The PPP deal that was forced on Londoners by Gordon Brown has been totally exposed as a bad deal for taxpayers and for passengers."
Sadly it's not worth pointing out that had Brown and Vadera presided over such a monumental balls-up in the private sector they would have been out the door so fast their arses wouldn't have touched the ground.
UPDATE: This from Accountancy Magazine...
Ernst & Young was paid £33m in fees for handling the administration of Metronet, the firm set up to modernise the London Underground, a report by the National Audit Office reveals.
Why?
Grimsby and Back
2 years ago
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