Annington deal cost taxpayer 14.5bn, says NAO report

Annington deal cost taxpayer 14.5bn, says NAO report

The National Audit Office has estimated that the Ministry of Defence is around £14.5 billion worse off than it would have been had it not sold its Service Family Accommodation estate to Annington Property Ltd in 1996, with the repurchase of the estate in 2024 having put a stop to what would have been billions of pounds of further lost value, the spending watchdog stated in a new report. The report, published by the Comptroller and Auditor Genera…

Military housing sell-off cost taxpayers £15bn: NAO

The sell-off of military housing has cost the taxpayer almost £15bn, the public spending watchdog estimates. A new report from the National Audit Office calculates that the Ministry of Defence (MoD) was around £14.5 billion worse off than it would have been if it had… The post Military housing sell-off cost taxpayers £15bn: NAO appeared first on Mortgage Finance Gazette.

Billions lost by sale-and-leaseback of military homes, watchdog finds

The sell-off of military housing has cost the taxpayer almost £15bn, the public spending watchdog estimates. A new report from the National Audit Office