UK PUBLIC CAPITAL MONITOR
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UK institutions and system

HM Treasury 2025–26 — Departmental overview

Independent scrutiny
Authors
National Audit Office
Publisher
National Audit Office

What it examines

Brings together evidence on Treasury’s finances, National Wealth Fund lending, oversight of arm’s-length bodies and controls on government financial transactions. It revisits the need to strengthen monitoring of compliance with the Financial Transaction Control Framework.

Why it matters

Provides a route into Treasury’s role as owner, funder and overseer of public financial institutions. It distinguishes historical lending from commitments to lend and restates earlier audit findings rather than reporting a new investment decision.

Published on 3 November 2026. Balance-sheet information relates to 31 March 2026; the framework-compliance finding cited in the overview was reported in March 2026.

Institutions and themes

Related documents

Catalogue entry reviewed 9 Nov 2026. The summary describes the publication’s analysis; it does not establish that historical findings remain current.