The nationalisation of Northern Rock

HM TREASURY

The nationalisation of Northern Rock

The National Audit Office scrutinises public spending on behalf of Parliament. The Comptroller and Auditor General, Tim Burr, is an Officer of the House of Commons. He is the head of the National Audit Office which employs some 850 staff. He and the National Audit Office are totally independent of Government. He certifies the accounts of all Government departments and a wide range of other public sector bodies; and he has statutory authority to report to Parliament on the economy, efficiency and effectiveness with which departments and other bodies have used their resources. Our work leads to savings and other efficiency gains worth many millions of pounds; at least £9 for every £1 spent running the Office.

This report has been prepared under Section 6 of the National Audit Act 1983 for presentation to the House of Commons in accordance with Section 9 of the Act.

Tim Burr
Comptroller and Auditor General
National Audit Office
18 March 2009

The National Audit Office
study team consisted of:

Phil Airey, Peter Gray, Shireen Khattak, 
Doug Neal and Jonathan Jones

This report can be found on the National Audit
Office web site at www.nao.org.uk

For further information about the 
National Audit Office please contact:

National Audit Office
Press Office
157-197 Buckingham Palace Road
Victoria 
London 
SW1W 9SP

Tel: 020 7798 7400

Email: enquiries@nao.gsi.gov.uk

© National Audit Office 2009

REPORT BY THE COMPTROLLER AND AUDITOR GENERAL | HC 298 Session 2008-2009120 March 2009