In your interest.
Online Personal Finance Magazine
No beating about the bush.
According to figures uncovered by the National Audit Office the Treasury paid £107m of taxpayer cash to City firms for their assistance over the past two years. Although it expects the banks to pay back £100m of the fees, it admits that, so far, not a penny has been reimbursed. The NAO indicated that the Treasury may not have secured the best price for the advice, and could have wasted money with overly generous contracts.