Thirty-Fourth Report - The Creation of the UK Infrastructure Bank

Select Committee
Public Accounts Committee HC 45 25 January 2023
Report Status Government responded
Conclusions & Recommendations 23 items (5 recs)
Source View on Parliament website
Government Response (AI assessment · 23 of 23 classified)
Accepted 8
Acknowledged 12
Deferred 2
Not Addressed 1
Government response
Treasury minutes: Government response to the Committee of Public Accounts on the Thirty fourth report from Session 2022-23 · published 12 Apr 2023
Read the government response ↗ Response on the tracker
Clear

Recommendations & Conclusions

2 results
10 Conclusion Deferred
The Bank’s capacity to make complex and innovative deals is limited by the lack of...
Conclusion
The Bank’s capacity to make complex and innovative deals is limited by the lack of suitably qualified staff members. The Bank has worked with Treasury to complete recruitment to key senior leadership positions that were not filled at launch. At … Read more
Government Response Summary
The Bank will provide the requested information to Parliament by the end of September 2023 and in March 2024 in addition to the information on the Bank’s operations which is already provided to Parliament through the Annual Reports and Accounts (ARA) process.
HM Treasury
View Details
11 Conclusion Deferred
The Bank told us that, as a result of having insufficient skills and expertise, it...
Conclusion
The Bank told us that, as a result of having insufficient skills and expertise, it has only entered into relatively low risk, more straightforward investment deals, as those are the only deal types it is comfortable delivering with the available … Read more
Government Response Summary
The Bank will provide the requested information to Parliament by the end of September 2023 and in March 2024 in addition to the information already provided through the Annual Reports and Accounts (ARA) process.
HM Treasury
View Details