Select committee: Public Accounts Committee
Conclusion 12
2nd Report - NAO financial audit insights 2024–25
Published 22 May 2026
Addressed to HM Treasury
Public Accounts Committee NAO financial audit insights 2024-25 All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
The agency told us there have been considerable additional benefits from improving management of its flood asset base. For example, it can now group assets together to better understand how they interact with each other, and more accurately forecast levels of spending needed for maintenance or the risk of failure.30 Losses and special payments
From: Public Accounts Committee, 2nd Report - NAO financial audit insights 2024–25 (HC 94), 22 May 2026
Government response
The government responded to the whole report on 4 August 2026 (deadline 22 July 2026).