7

Horizon scheme settlement payments fall short of expectations in 2023-24 Annual Report and Accounts.

Conclusion
In the Department’s 2023–24 Annual Report and Accounts, it estimated that £866 million of the combined Horizon Schemes provisions would be settled within 1 year.8 In a letter provided after our oral evidence session, the Department confirmed that it paid a total of £701 million in scheme settlements during 2024–25, of which £552 million had been included in the provision in the 2023–24 Accounts.9 The payment figures therefore fell short of the expectations set in the 2023–24 Annual Report and Accounts.10
Addressee Bodies
HM Treasury
Timeline
Recommendation age 0.9 yr
Report published 25 Jun 2025