Beyond Blunderdome

The TaxPayers' Alliance has published a report looking at public sector capital projects that go over budget. The first general examination of the record of government major projects. The total amount is pretty staggering, £23 billion. This creates massive problems for proper decision making, as the decision to undertake these projects has been made on innaccurate assumptions about the final balance of costs and benefits. It also represents huge amounts of waste. Well worth a look.