Chris Leslie MP, Labour’s Shadow Chief Secretary to the Treasury, responding to the Public Accounts Committee’s report on the whole of government accounts 2011-12, said:

“Taxpayers will be appalled by how much money is being lost by this Government each year. And this comes on top of the billions David Cameron’s Government has wasted on things like the failure to deliver Universal Credit and the reckless reorganisation of the NHS.

“At a time when people are facing a cost-of-living crisis and the deficit is high, this is unacceptable. It’s time David Cameron and George Osborne got a grip and tackled the billions being lost to the exchequer each year.”