“‘Masterclass in bungling’ costs taxpayers £500m.” So says the Times. And we read:

Almost £500 million of taxpayers’ money will be spent on covering the costs of the bungled implementation of a new payment system to English farmers, a parliamentary inquiry reports today.

The report is by MPs on the Public Accounts Committee (PAC), which ensures that public spending is value for money. It makes for bad reading for taxpayers.

The Single Farm Payment Scheme was introduced two years ago. It was intended to reward farmers for looking after the land rather than the quantity of livestock they reared for meat.

But the system has worked all that well: “By the payment deadline of March 2006 only 15 per cent of the £1.5 billion due to English farmers had been made.”

The report today says he must bear responsibility for administrative failure that has led to additional costs that could exceed £400 million.

And £14.3.million has been spent employing staff to process claims for farmers.

And the Government expects you to pay taxes...

via [Times]

Came straight to this page? Visit www.kerching.tv for all the latest news.

TrackBack URL for this entry:
http://shinymedia.headshift.com/cgi-bin/mtshiny/mt-tb.fcgi/53791

Listed below are links to weblogs that reference Your Tax Money: £500million Wasted On Farm Cash Cow:

Comments

Post a comment

Name:

Email Address:

URL:

Security Code:

Enter the security code:

Remember personal info?

Comments: