Billions Wasted: The Government's Reckless Spending Spree The latest report from parliament's spending watchdog paints a dismal picture of government waste, with £6. 6 billion written off last year alone.
This staggering figure is a stark reminder of the government's penchant for reckless spending and its disregard for taxpayers' hard earned money. The Ministry of Defence incurred a £1.
6 billion loss due to cancelled projects, according to the report. The Treasury attributed this loss to retiring assets or changes in government policy with the shift to a Labour administration.