Whitehall raises the finance stakes

The Treasury saved millions on its headquarters with a novel funding scheme. But it is courting controversy. David Arminas explains

When the Treasury reoccupies the western end of its elegant headquarters in Westminster next summer, the staff, including the procurement professionals who set up the refurbishment deal, can congratulate themselves on a job well done.

A report from the National Audit Office has come down squarely in favour of the contract, a 35-year public finance initiative (...

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