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      Tech billionaire Elon Musk has been asked to serve in Donald Trump’s cabinet. (Photo by Apu Gomes/Getty Images)

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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Take 2 mins to learn more at www.coinbase.com/uk-fca-info

NAO

  • Government urged to rethink digital procurement as ambitions stall

    The government’s ongoing ambitions for digital transformation risk grinding to a halt unless it overhauls the way it funds and invests in technology, according to a new report from techUK. The body’s recent ‘Financing the Future’ study posited that Whitehall’s procurement system remains too rigid and too focused on short-term products rather than long-term digital outcomes. Instead, [...]

    The AI startup was founded in 2023 by seasoned entrepreneurs Yann Sarfati and Tristan Saunders, both with experience in the tech industry.
  • UK research fund suffering from Labour’s lack of strategy, watchdog says

    Politics

    The government should give the UK’s largest single public fund for scientific and technological research more deadlines and clearer targets in order for projects to succeed, an independent watchdog has said.  The National Audit Office (NAO) said the government should better communicate its policy priorities to UK Research and Innovation (UKRI), which has a budget [...]

    Rachel Reeves, UK chancellor the exchequer, delivers a speech on growth at the Siemens Healthineers factory near Oxford, UK, on Wednesday, Jan. 29, 2025. Reeves will pledge to go “further and faster” to boost the UK economy by unblocking new infrastructure projects, as she seeks to lure investors and win back business support after a rocky start to her tenure. Photographer: Chris Ratcliffe/Bloomberg via Getty Images
  • If the NAO is calling for government innovation, you know it’s bad

    Opinion

    Everyone thinks government should be more innovative, but the NAO saying it means Labour really has dithered, writes Eliot Wilson.

    Keir Starmer has said he will publish witness statements relating to the collapsed Chinese spy case in full.
  • UK’s audit chief ‘open to learning’ from Elon Musk’s DOGE in US

    February 5, 2025

    The head of the government’s spending watchdog has said he is open to learning from Elon Musk’s US “department of government efficiency”, or DOGE. Gareth Davies, the UK’s chief auditor, gave his annual speech to Parliament on Tuesday, warning that money was being “wasted” and public services “compromised” as he stressed that there was a [...]

  • Government must improve its cybersecurity, warns UK watchdog

    January 29, 2025

    The government must fix its significant deficiencies as the cyber threat landscape outpaces its current defensive strategies, UK watchdog has warned. According to Wednesday’s report by the National Audit Office (NAO), the UK has a huge shortage of skilled cyber security professionals within its government departments. Gareth Davies, head of NAO, said: “The risk of [...]

  • UK ‘lacks understanding’ on tech procurement as taxpayer foots bill

    January 16, 2025

    The UK’s approach to technology procurement ‘lacks understanding’, resulting in costly setbacks whilst leaving its public services on outdated systems. The government has accumulated 29 years of delays across major IT projects and £3bn in cost overruns, according to a recent report by the National Audit Office (NAO). This comes as Keir Starmer recently launched [...]

  • Spending watchdog refuses to sign off on government accounts

    November 26, 2024

    The spending watchdog has refused to sign off on the government's accounts for the first time due to unreliable data from England's local councils.

  • Small business tax evasion costing HMRC billions as ‘significant gaps’ persist

    September 9, 2024

    Small business tax evasion has caused the UK to lose billions of pounds of revenue a year as "significant gaps" in the UK's tax authority's strategies persist.

  • NAO: Crown Court so backlogged that targets are no longer achievable

    May 24, 2024

    The Crown Court backlog is now at its highest on record resulting in the National Audit Office making clear that the Government's targets to cut are no longer achievable

  • Government ‘cannot currently’ tell if £22bn subsidy for biomass plants is genuinely green – watchdog

    January 24, 2024

    The Drax plant in North Yorkshire is the country's primary user of biomass

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