Treasury minutes: Government response to the Committee of Public Accounts on the Twentieth report from Session 2024-25

This is the government's response, published 10 July 2025.

Summary written by Accountability Index from the government's response. It is not the government's own words.

The government agrees with the Committee's recommendations on loan book management, the loan management system, long-term options, repayment forecasts, borrower management and borrower engagement, but disagrees with the recommendation on rugby union accountability.

• On long-term options, the government agrees and says a strategic review, to be completed in 2025-26, will assess options "including, but not limited to, a sale or partial sale of the loan book".
• On repayment estimates, the government agrees, with a target date of December 2025. It says further cost, repayment and insolvency modelling will be done through its strategic review.
• On the PwC contract, the government agrees and says the full loan management system functionality was implemented in March 2025 "for under £300,000". The PwC contract has been extended for a further year.
• On rugby union accountability, the government disagrees with the recommendation. It "continues to believe" accountability is best achieved by a Director General within the department as Additional Accounting Officer, rather than a Permanent Secretary from another department.

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