The WGA discloses a number of significant liabilities that due to their size and nature pose unique risks to the UK’s financial sustainability and government’s ability to achieve value for money. At 31 March 2019, the UK’s liability in relation to nuclear decommissioning was some £152 billion.13 Whilst this was a fall from £263 billion in the previous year, nearly all of that decrease was due to the change in the discount rate used to calculate future liabilities, and not related to a change ...

The WGA discloses a number of significant liabilities that due to their size and nature pose unique risks to the UK’s financial sustainability and government’s ability to achieve value for money. At 31 March 2019, the UK’s liability in relation to nuclear decommissioning was some £152 billion.13 Whilst this was a fall from £263 billion in the previous year, nearly all of that decrease was due to the change in the discount rate used to calculate future liabilities, and not related to a change in the underlying nature of the UK’s liability.14 Similarly, new clinical negligence cases remained broadly flat year on year, contributing to a provisio Type: conclusion | Number: 8 | Response status: under_consideration Government response: 3.1 The government agrees with the Committee’s recommendation. Target implementation date: Autumn 2021 3.2 HM Treasury works closely with other government departments to ensure that public funds are managed effectively and sustainably, with close spending co