Select committee: Public Accounts Committee
Conclusion 21
69th Report - Whole of Government Accounts 2023-24
Published 4 Mar 2026
Addressed to HM Treasury
Public Accounts Committee Whole of Government Accounts 2023-24 All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
We asked the Treasury to explain why undiscounted information had not been provided for all major liabilities in the WGA 2023–24 despite being asked to. The Treasury stated that it is considering extending this approach to pensions and clinical negligence however noted that the methodology is more complex, particularly for pension liabilities, but confirmed that it was consulting with the Government Actuary’s Department on the most appropriate approach to discounting future liabilities for inflation.40 36 Letter to HM Treasury, 24 May 2024 37 HMT, Whole of Government Accounts: year ended 31 March 2023, HC 289, 26 November 2024; HMT, Whole of Government Accounts: year ended 31 March 2024, HC 917, 17 July 2025 38 Committee of Public Accounts, Whole of Government Accounts 2022–23, Sixteenth Report of Session 2024–25, HC 367, 19 March 2025, Recommendation 5a 39 HMT, Whole of Government Accounts: year ended 31 March 2024, HC 917, 17 July 2025, p 78 40 Q 40 14
From: Public Accounts Committee, 69th Report - Whole of Government Accounts 2023-24 (HC 1243), 4 March 2026
Government response
The government responded to the whole report on 1 June 2026 (deadline 4 May 2026).