15 Not Addressed

We recommend that the Financial Conduct Authority and HM Treasury investigate the use of, and...

Recommendation
We recommend that the Financial Conduct Authority and HM Treasury investigate the use of, and accounting rules for, future or prospective receivables.
Government Response Summary
The government's response thanks the Committee for agreement on the inappropriateness of a grant to GFG Alliance, without addressing the recommendation to investigate accounting rules for future or prospective receivables.
Paragraph Reference
80
Government Response
Not Addressed
HM Government Not Addressed
16. The Government is grateful to the Committee for its agreement that providing the grant requested to support GFG Alliance would have been an inappropriate use of taxpayer money.
Addressee Bodies
Department for Business and Trade
Timeline
Recommendation age 4.7 yrs
Report published 05 Nov 2021