Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
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We are hearing reports coming in suggesting that David Cameron’s “Major Projects Authority” may have given Universal Credit reforms a Red Light warning.
The Major Projects Authority was founded in 2010 with a mandate from David Cameron to turn around the Civil Service’s record of delivering projects.
Its report uses by a traffic light system to rate the risk of delivery of every one of the Coalition’s 191 spending projects, which are so large they provide Treasury approval
Of the 191 schemes, 32 are defined as either “red” or “amber/red”. which means that they are unachievable or in doubt.
Red means that “successful delivery of the project appears to be unachievable”, with “major issues on project definition, schedule, budget, quality and/or benefits delivery which at this stage do not appear to be manageable or resolvable”.
A red classification also means that the “project may need re-scoping and/or its overall viability reassessed”.
The Guardian is carrying the headline “Universal credit in danger of failing, official Whitehall review says” whilst ITV are saying “Govt Flagship Projects at Risk“Please feel free to post comments and links to more news articles as the news comes in.
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