Monday, July 07, 2008

Treasury Accounts Shambles

The Treasury's accounts are in such a shambles that the National Audit Office (NAO) won't sign them off.

The NAO are less that happy with the government's handling of the nationalisation of Northern Rock, and have had a major row with Alistair Darling over it. The NAO is concerned about the way that the bank is being treated on the Treasury's books.

Therefore the Treasury's annual report has been published with the financial accounts removed.

Aside from the humiliation of having their accounts refused, the Treasury also faces falling staff morale and institutional chaos.

Dying governments cause chaos, there are two more years left for institutional meltdown with the Treasury.

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