Tuesday, 5 July 2011

MoD loses track of £6.3bn in assets

The Ministry of Defence has been urged by MPs to get a grip of stock control problems which have left it unable to account for billions of pounds worth of military equipment.

The Commons Defence Committee said it was "dismayed" that the National Audit Office had qualified the MoD's accounts for the fourth year in succession after it lost track of assets worth £6.3 billion - including radios worth £184 million.

It said the MoD must speed up its plans for sorting out the problems with its stock control system - currently expected to continue for another two to four years.

"It is alarming that the department should be unaware of the location, usability or indeed the continued existence of assets to a total value of £6.3 billion," it said.

My comment: This case highlights the problem with watchdogs and Government. We don't want toothless MPs and Watchdogs who can do no more than urge wrongdoers to do the right thing. We need MPs and Watchdogs who have the power to kick backsides and sack the miscreants responsible.

Can you imagine what would happen if the Police or the courts could only urge wrongdoers to put matters right. Surely MPs can't be that thick they can't see a connection between ineffective watchdogs and public authority wrongdoing (rhetorical). Obviously they must be otherwise they would have done something about the problem long ago. 

The National Audit Office had qualified the MoD's accounts for the fourth year in succession yet all they and MPs can do is urge the MOD to pull their socks up. What a joke!

Read the full story from the source This is London

Read all articles about the MOD on this blog

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