from an office the national audit office they find that the u.k. government's flagship help to buy equity loan scheme launched a stance of glee to give cash strapped 1st time buyers a leg up onto the property market has dished out billions of pounds of publicly subsidized loans to relatively well heeled homeowners who were perfectly capable of buying their 1st property without need for outside help asserts a new report by the national audit office writes ponzi scheme it's a ponzi scheme that took from the poor schmoe ordinary taxpayer and gave to a group of well heeled investors we're going to go over the some of the details what they found is that actually there were like m.p.'s that use this scheme whereby the taxpayer gave them 20 percent of their deposit so it's part and parcel of one of many scandals were reported royal bank of scotland stealing from $30000.00 of their own customers and they have their g group didgeridoo group to give it to their own selves here we have a part of this game for him to buy we have the all the scandals at barclay

a lot of that, according to the national audit office, was on consultancy fees.mbers have done rather well out of brexit? the government have had an unprecedented workload in every scenario for brexit. we have been proud because we have a world —class been proud because we have a world—class consultative sector to provide multidisciplinary skills, technical skills to government and that has enabled them to work quickly, with intensity to plan for these are brexit scenarios. it would have been foolish not to plan and to use external have been foolish not to plan and to use external resources have been foolish not to plan and to use external resources to do that and we are proud of the part our companies have paid in providing this. we have quite a few scenarios. none of them seem to be, at this stage, off the table. do you agree with the cbi‘s assessment that are no—deal brexit, a hard brexit would be disastrous? we have talked to our members and they have talked to businesses across the uk and are no—deal brexit would be very damaging. we have seen a number of bu

the national audit office say nearly two thirds of those who got a loan would have been able to buy a for hayley, but she wouldn't have been able to get this house. the houses we were looking at were sort of like terraces, doer—uppers, mid—terrace, maybe, probably only two bedrooms. it never entered my head that we could get something of this size or this nice. what percentage does the government own and what do you have to pay back? yeah, so it is a little bit daunting when you look at the figures. we've got a huge loan that's like separate to our mortgage, and it is quite easy to look at that and get worried. the report also points out that some of those the government's lent to have incomes of more than 100 grand a year. two thirds of the take—up is from households on incomes of less than £50,000, so it's a very small fraction. it's1 in 25 have household incomes in excess of 100,000, and that's the reality of household incomes in parts of the country, particularly in london and the south—east. the report says house—builders have been boosted by the extra government money sloshing r

so it'sjust a coincidence that on that same day the national audit office released this open letter? what idid, correction there, victoria. so what i did, which now i understand why most mp5 don't ever put their hand up most mp5 don't ever put their hand up and admit to a mistake, because all that happens is that when you come on to do interviews, people talk about it. that's why most mp5 are not trusted... sorry, loads of mp5 have said sorry, including ministers. i can list them if you want. and i did it on the floor of the house and that was the correct thing to do. but at the same time, what i would like to talk about, and obviously you don't, this is the 3.5 million people we have now helped into a job. under labour the households where nobody had worked had doubled. youth unemployment is now 50% less, that's a loss of young people going forward —— met lots —— lots, we a re people going forward —— met lots —— lots, we are helping people with social mobility, giving them a step up social mobility, giving them a step up and a life that they can go forward with and cherish. that's w

preparing for brexit has cost the uk government £97 million so far, according to the national audit officeabinet office saying only £65 million had been earmarked for spending. they say money had been hiring external consultants because the government departments lack the necessary staff. women who experience domestic abuse are three times more likely to develop a serious mental illness, according to researchers at birmingham university. data collected anonymously by doctors also suggests the scale of domestic violence is hugely under—recorded. lauren moss has more. it is described as an insidious crime that affects one in four women in england and wales. now new research suggests that domestic abuse is not only unrecorded by doctors, but victims are also three times more likely to develop a mental illness. we know that over half of women have experienced physical or sexual violence will meet the diagnostic criteria for psychiatric disorder. that can range from ptsd to serious mental health conditions. domestic abuse was recorded in just conditions. domestic abuse was recorded injust 0.5%

preparing for brexit has cost the uk government £97 million in consultancy fees, the national audit officehiring external experts because government departments lack the staff and skills needed, the nao said. it criticised the government for a lack of transparency, saying details of contracts had not been published in a timely fashion. house prices rose 5.2% in may on an annual measure, according to halifax, the uk's biggest mortgage lender — which shows on a monthly basis, house prices rose by 0.5%. the news from halifax, part of lloyds banking group, contradicts other house price surveys which show a stagnant property market. bad news from the factories of germany. industrial production was down 1.9% in aprilfrom the previous month — the biggest decline in four years. economists had been expecting a much more modest decline of 0.5%. it is worth looking at the markets asa it is worth looking at the markets as a result of that. the ftse up 0.5%. the oil price is looking fairly strong at the moment. a pretty quiet day. we will look at that more later in the afternoon. that is all the busine

the national audit office say nearly two thirds of those who got a loan would have been able to buy aayley, but she wouldn't have been able to get this house. the houses we were looking at were sort of like terraces, doer—uppers, mid—terrace, probably only two bedrooms. it never entered my head that we could get something of this size or this nice. what percentage does the government own and what do you have to pay back? it's a bit daunting when you look at the figures. we've got a huge loan that's like separate to our mortgage, and it is quite easy to look at that and get worried. the report also points out that some of those the government's lent to have incomes of more than 100 grand a year. two thirds of the take—up is from households on incomes of less than £50,000, so it's a very small fraction. it's one in 25 have household incomes in excess of 100,000, and that's the reality of household incomes in parts of the country, particularly in london and the south—east. the report says house—builders have been boosted by the extra government money sloshing round the system. with the b

the national audit office say nearly two thirds of those who got a loan would have been able to buy aayley, but she wouldn't have been able to get this house. the houses we were looking at were sort of like terraces, doer—uppers, mid—terrace, maybe, probably only two bedrooms. it never entered my head that we could get something of this size or this nice. what percentage does the government own and what do you have to pay back? yeah, so it is a little bit daunting when you look at the figures. we've got a huge loan that's like separate to our mortgage, and it is quite easy to look at that and get worried. the report also points out that some of those the government's lent to have incomes of more than 100 grand a year. two thirds of the take—up is from households on incomes of less than £50,000, so it's a very small fraction. it's1 in 25 have household incomes in excess of 100,000, and that's the reality of household incomes in parts of the country, particularly in london and the south—east. the report says house—builders have been boosted by the extra government money sloshing round t

the national audit office says preparing for brexit has cost the government £97 million so far.been spent on hiring external consultants because government departments lack the staff needed. the group known as the new ira has claimed it planted a bomb under the car of a senior police officer in northern ireland last weekend. the device was discovered at a golf club in east belfast, and removed by bomb disposal experts. in a statement to the irish news using a recognised code word, the ‘new ira' said it was behind the attempted attack. two cars linked to the incident were found on fire in north belfast on saturday. one of the vehicles was fitted with dublin number plates and police have begun a cross—border investigation. thirteen interviews have been carried out under caution by detectives investigating the grenfell tower fire, police say. the questioning forms part of the criminal investigation into the tower block blaze in west london, which claimed the lives of 72 people. scotland yard have not disclosed how many people have been spoken to, but say more interviews are schedul

the national audit office also found that one in 25 of participants had household incomes of over £100,000has described as a serious lack of competence. the fines relate to the company's audit of the cloud computing firm redcentric. plenty more on that story on our live page. $62 a barrel at the moment, set up more than 3%. this is after the incident between the two oil tankers in the gulf of oman. it sent the oil price climbing. elsewhere, you can see what happened to anyone who sells energy. that is lifting the ftse at the moment. the financial regulator in the uk has declined to take action on this bank over its disgraced restructuring unit, because they said it concluded that it lacked the relevant authority to do so. quite controversial. lots more on that story on our web page as well. that's all the business news. now it's time for a look at the weather with simon king. i have got some better news in the forecast so stick with me throughout because there is something dry and bright and warm coming up. that is the scene at the moment in the scottish borders, a lot of rainfall here thr

organisations that are monitoring poverty in the uk have got it wrong so whether it's the national audit office on. this isa poverty that i'm focusing on. this is a very real phenomenon on. anyone who goes out on the streets will see the homeless people, anyone who goes to the outer suburbs will see all the foodbanks, people lining up for food. they will hear stories about people on universal credit to have been sanctioned, who are getting benefits that they can't possibly live on. poverty is very, very real to the point where the rowntree trust claims there are 1.5 million people who are destitute. in other words, have absolutely no resources. so the problem is real and politicians can't just wish so the problem is real and politicians can'tjust wish it so the problem is real and politicians can't just wish it away and say that these sorts of reports are "unbelievable". one of the criticisms was that you had spent two weeks, and some people describe that as only two weeks, travelling in britain and northern ireland but your response to that is you spent two weeks travelling but you've also com